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 1 sell rating and 2 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 1 year target prices 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 share price to reach $71.33 in the next year. This suggests a possible upside of 53.2% 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 28.3% and is now trading at $46.56.
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Stock Yards Bancorp saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 866,500 shares, an increase of 24.7% from the April 30th total of 694,800 shares. Based on an average daily volume of 124,300 shares, the short-interest ratio is currently 7.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our SYBT earnings forecast.

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) posted its earnings results on Tuesday, October, 26th. The bank reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.10. The bank earned $63.10 million during the quarter, compared to the consensus estimate of $62.60 million. Stock Yards Bancorp had a trailing twelve-month return on equity of 14.99% and a net margin of 30.58%.

Stock Yards Bancorp declared a quarterly dividend on Tuesday, May 16th. Stockholders of record on Tuesday, June 20th will be paid a dividend of $0.29 per share on Monday, July 3rd. This represents a $1.16 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Friday, June 16th.
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), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Invesco DWA SmallCap Momentum ETF (DWAS), First Trust Small Cap Growth AlphaDEX Fund (FYC),

Stock Yards Bancorp (NASDAQ:SYBT) pays an annual dividend of $1.16 per share and currently has a dividend yield of 2.77%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SYBT will have a dividend payout ratio of 32.58% 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 issued shares were distributed to shareholders after the closing bell 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.76%), Kayne Anderson Rudnick Investment Management LLC (5.17%), Stock Yards Bank & Trust Co. (3.92%), Dimensional Fund Advisors LP (2.65%), State Street Corp (2.13%) and Geode Capital Management LLC (1.96%). 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 $46.56.

Stock Yards Bancorp (NASDAQ:SYBT) has a market capitalization of $1.37 billion and generates $340.80 million in revenue each year. The bank earns $92.97 million in net income (profit) each year or $3.88 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.