Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Receives Consensus Rating of “Hold” from Analysts

Stock Yards Bancorp, Inc. (NASDAQ:SYBT) has received an average rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $79.00.

Several equities analysts have recently commented on the company. Wall Street Zen cut Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Zacks Research upgraded Stock Yards Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Hovde Group raised their price objective on Stock Yards Bancorp from $73.00 to $75.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stock Yards Bancorp in a research report on Monday, December 29th. Finally, Piper Sandler restated a “neutral” rating and set a $76.00 price objective (up previously from $75.00) on shares of Stock Yards Bancorp in a research report on Friday, January 30th.

Stock Yards Bancorp Stock Up 1.5%

Shares of NASDAQ SYBT opened at $69.33 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.31. Stock Yards Bancorp has a 12-month low of $60.75 and a 12-month high of $83.83. The company has a market cap of $2.04 billion, a P/E ratio of 14.60 and a beta of 0.72. The stock has a fifty day moving average price of $68.04 and a 200 day moving average price of $70.03.

Stock Yards Bancorp (NASDAQ:SYBT) last announced its earnings results on Tuesday, January 27th. The bank reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. Stock Yards Bancorp had a return on equity of 13.91% and a net margin of 24.83%.The company had revenue of $104.47 million during the quarter, compared to the consensus estimate of $102.42 million. Research analysts anticipate that Stock Yards Bancorp will post 4.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quarry LP acquired a new position in Stock Yards Bancorp during the 3rd quarter valued at about $28,000. Brown Brothers Harriman & Co. bought a new position in shares of Stock Yards Bancorp in the third quarter valued at approximately $45,000. GAMMA Investing LLC increased its stake in shares of Stock Yards Bancorp by 92.1% during the fourth quarter. GAMMA Investing LLC now owns 826 shares of the bank’s stock valued at $54,000 after acquiring an additional 396 shares during the period. Empowered Funds LLC bought a new stake in Stock Yards Bancorp during the fourth quarter worth approximately $60,000. Finally, Covestor Ltd boosted its stake in Stock Yards Bancorp by 138.4% during the 4th quarter. Covestor Ltd now owns 1,168 shares of the bank’s stock valued at $76,000 after purchasing an additional 678 shares in the last quarter. 56.46% of the stock is owned by institutional investors and hedge funds.

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.