Stock Yards Bancorp (NASDAQ:SYBT) Lowered to Sell Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Stock Yards Bancorp (NASDAQ:SYBT) from a "hold" to a sell rating in its latest research note.
• Analyst coverage is mixed — two Buy ratings and four Hold ratings — leaving an average consensus of Hold with an average target price of $75.50.
• The bank reported quarterly EPS of $1.24 (beating estimates by $0.07) while revenue missed expectations; shares recently traded around $70.49 with a market cap of about $2.08 billion and a PE of 14.5.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

Several other research analysts have also weighed in on SYBT. Piper Sandler reiterated a "neutral" rating and issued a $76.00 price objective (up from $75.00) on shares of Stock Yards Bancorp in a research note on Friday, January 30th. Weiss Ratings upgraded shares of Stock Yards Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, April 13th. Stephens upped their price objective on shares of Stock Yards Bancorp from $67.00 to $70.00 and gave the company an "equal weight" rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their price target on Stock Yards Bancorp from $80.00 to $81.00 and gave the company a "market perform" rating in a report on Thursday. Finally, Zacks Research lowered Stock Yards Bancorp from a "strong-buy" rating to a "hold" rating in a report on Monday, March 30th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Stock Yards Bancorp presently has an average rating of "Hold" and an average target price of $75.50.

Stock Yards Bancorp Stock Up 0.1%

Stock Yards Bancorp stock opened at $70.49 on Friday. The firm has a market cap of $2.08 billion, a PE ratio of 14.50 and a beta of 0.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.99 and a current ratio of 0.99. The firm's 50 day moving average price is $66.98 and its two-hundred day moving average price is $67.26. Stock Yards Bancorp has a twelve month low of $61.51 and a twelve month high of $83.83.

Stock Yards Bancorp (NASDAQ:SYBT - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.07. The firm had revenue of $102.63 million for the quarter, compared to analyst estimates of $108.18 million. Stock Yards Bancorp had a net margin of 25.06% and a return on equity of 13.78%. On average, research analysts predict that Stock Yards Bancorp will post 5.07 EPS for the current fiscal year.

Institutional Trading of Stock Yards Bancorp

Several large investors have recently added to or reduced their stakes in SYBT. Quarry LP bought a new stake in Stock Yards Bancorp in the third quarter worth approximately $28,000. Brown Brothers Harriman & Co. bought a new stake in Stock Yards Bancorp in the third quarter worth approximately $45,000. GAMMA Investing LLC grew its position in Stock Yards Bancorp by 92.1% in the fourth quarter. GAMMA Investing LLC now owns 826 shares of the bank's stock worth $54,000 after acquiring an additional 396 shares in the last quarter. Empowered Funds LLC bought a new stake in Stock Yards Bancorp in the fourth quarter worth approximately $60,000. Finally, Covestor Ltd grew its position in Stock Yards Bancorp by 138.4% in the fourth quarter. Covestor Ltd now owns 1,168 shares of the bank's stock worth $76,000 after acquiring an additional 678 shares in the last quarter. 56.46% of the stock is owned by institutional investors.

About Stock Yards Bancorp

Stock Yards Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, operating through its principal subsidiary, Stock Yards Bank & Trust Co As a community-oriented financial institution, the company offers a full suite of banking services tailored to individual consumers, small to mid-sized businesses, and municipalities. Its mission centers on fostering long-term client relationships through personalized service, local decision-making, and a commitment to sustainable growth in the markets it serves.

The bank's core products include a variety of deposit accounts ranging from personal checking and savings to commercial money market and time deposit offerings.

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