Stock Yards Bancorp (SYBT) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Stock Yards Bancorp in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" SYBT shares.
View SYBT analyst ratings or view top-rated stocks.

3 brokerages have issued 1-year price targets for Stock Yards Bancorp's stock. Their SYBT share price forecasts range from $65.00 to $76.00. On average, they anticipate the company's stock price to reach $71.33 in the next year. This suggests a possible upside of 77.2% from the stock's current price.
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Stock Yards Bancorp's stock was trading at $64.98 on January 1st, 2023. Since then, SYBT shares have decreased by 38.1% and is now trading at $40.25.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our SYBT earnings forecast.

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) issued its earnings results on Wednesday, July, 26th. The bank reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $0.96 by $0.02. The bank earned $84.16 million during the quarter, compared to analyst estimates of $85.27 million. Stock Yards Bancorp had a trailing twelve-month return on equity of 14.82% and a net margin of 28.87%.

Stock Yards Bancorp announced a quarterly dividend on Tuesday, August 15th. Investors of record on Monday, September 18th will be given a dividend of $0.30 per share on Monday, October 2nd. This represents a $1.20 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, September 15th. This is a positive change from the stock's previous quarterly dividend of $0.29.
Read our dividend analysis for SYBT.

ETFs with the largest weight of Stock Yards Bancorp (NASDAQ:SYBT) stock in their portfolio include Opus Small Cap Value Plus ETF (OSCV).First Trust NASDAQ ABA Community Bank Index Fund (QABA).

Stock Yards Bancorp (NASDAQ:SYBT) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.95%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 30.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SYBT will have a dividend payout ratio of 34.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SYBT.

Stock Yards Bancorp shares split before market open on Monday, May 30th 2016. The 3-2 split was announced on Monday, May 2nd 2016. The newly created shares were issued to shareholders after the market closes on Friday, May 27th 2016. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

22 employees have rated Stock Yards Bancorp Chief Executive Officer David P. Heintzman on Glassdoor.com. David P. Heintzman has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Stock Yards Bancorp investors own include Invesco QQQ (QQQ), SEA (SE), PayPal (PYPL), AT&T (T), Wells Fargo & Company (WFC), Dominion Energy (D), Mastercard (MA), 3M (MMM), Pfizer (PFE) and Verizon Communications (VZ).

Stock Yards Bancorp trades on the NASDAQ under the ticker symbol "SYBT."

Stock Yards Bancorp's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.84%), Kayne Anderson Rudnick Investment Management LLC (4.94%), Stock Yards Bank & Trust Co. (4.18%), Champlain Investment Partners LLC (2.91%), Dimensional Fund Advisors LP (2.73%) and State Street Corp (2.60%). Insiders that own company stock include Carl G Herde, David P Heintzman, David P Heintzman, Donna L Heitzman, Donna L Heitzman, James A Hillebrand, John Schutte, Kathy C Thompson, Michael Croce, Michael Rehm, Norman Tasman, Philip Poindexter, Richard A Lechleiter, Shannon Bishop Arvin, Stephen M Priebe and William Dishman.
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Shares of SYBT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SYBT stock can currently be purchased for approximately $40.25.

Stock Yards Bancorp (NASDAQ:SYBT) has a market capitalization of $1.18 billion and generates $340.80 million in revenue each year. The bank earns $92.97 million in net income (profit) each year or $3.91 on an earnings per share basis.

The company employs 1,040 workers across the globe.

Stock Yards Bancorp's mailing address is 1040 EAST MAIN STREET, LOUISVILLE KY, 40206. The official website for the company is www.syb.com. The bank can be reached via phone at (502) 582-2571, via email at onlinecustomerservice@syb.com, or via fax at 502-625-2295.