Stock Yards Bancorp - SYBT Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Stock Yards Bancorp in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SYBT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SYBT, but not buy additional shares or sell existing shares.
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3 brokers have issued twelve-month target prices for Stock Yards Bancorp's stock. Their SYBT share price forecasts range from $65.00 to $76.00. On average, they predict the company's share price to reach $70.50 in the next year. This suggests that the stock has a possible downside of 0.6%.
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Stock Yards Bancorp's stock was trading at $63.88 at the beginning of the year. Since then, SYBT shares have increased by 11.1% and is now trading at $70.95.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
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Stock Yards Bancorp, Inc. (NASDAQ:SYBT) issued its earnings results on Wednesday, October, 26th. The bank reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.04. The bank had revenue of $87.24 million for the quarter, compared to the consensus estimate of $81.73 million. Stock Yards Bancorp had a trailing twelve-month return on equity of 14.80% and a net margin of 28.43%.

Stock Yards Bancorp announced a quarterly dividend on Wednesday, November 16th. Shareholders of record on Monday, December 19th will be paid a dividend of $0.29 per share on Friday, December 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, December 16th.
Read our dividend analysis for SYBT.

Stock Yards Bancorp (NASDAQ:SYBT) pays an annual dividend of $1.16 per share and currently has a dividend yield of 1.63%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SYBT will have a dividend payout ratio of 29.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SYBT.

Shares of Stock Yards Bancorp 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 distributed 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 Trust (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 Vanguard Group Inc. (6.29%), BlackRock Inc. (6.12%), Neuberger Berman Group LLC (5.68%), Kayne Anderson Rudnick Investment Management LLC (5.61%), Stock Yards Bank & Trust Co. (3.79%) and Dimensional Fund Advisors LP (2.61%). Insiders that own company stock include Carl G Herde, David P Heintzman, David P Heintzman, Donna L Heitzman, Donna L Heitzman, James A Hillebrand, Kathy C Thompson, Michael Croce, Michael Rehm, Norman Tasman, Paul J Bickel III, Philip Poindexter, Richard A Lechleiter, 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 $70.95.

Stock Yards Bancorp (NASDAQ:SYBT) has a market capitalization of $2.08 billion and generates $242.93 million in revenue each year. The bank earns $74.64 million in net income (profit) each year or $3.09 on an earnings per share basis.

The company employs 997 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.