Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT – Get Free Report) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $76.75.
Several equities analysts have recently commented on SYBT shares. Stephens upped their price target on shares of Stock Yards Bancorp from $67.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Zacks Research lowered shares of Stock Yards Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. Keefe, Bruyette & Woods upped their price target on shares of Stock Yards Bancorp from $80.00 to $81.00 and gave the stock a “market perform” rating in a research report on Thursday, April 23rd. Piper Sandler restated a “neutral” rating and set a $81.00 price target (up from $78.00) on shares of Stock Yards Bancorp in a research report on Friday. Finally, Weiss Ratings upgraded shares of Stock Yards Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, April 13th.
View Our Latest Stock Report on Stock Yards Bancorp
Insiders Place Their Bets
Institutional Trading of Stock Yards Bancorp
A number of hedge funds have recently bought and sold shares of SYBT. Quarry LP purchased a new stake in Stock Yards Bancorp during the third quarter valued at about $28,000. Brown Brothers Harriman & Co. purchased a new stake in Stock Yards Bancorp during the third quarter valued at about $45,000. GAMMA Investing LLC lifted its stake in 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 buying an additional 396 shares in the last quarter. Empowered Funds LLC purchased a new stake in Stock Yards Bancorp during the fourth quarter valued at about $60,000. Finally, Covestor Ltd lifted its stake in Stock Yards Bancorp by 138.4% during the fourth quarter. Covestor Ltd now owns 1,168 shares of the bank’s stock valued at $76,000 after buying an additional 678 shares in the last quarter. 56.46% of the stock is owned by hedge funds and other institutional investors.
Stock Yards Bancorp Stock Up 0.6%
SYBT stock opened at $76.31 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. Stock Yards Bancorp has a 1-year low of $61.51 and a 1-year high of $83.83. The firm has a fifty day moving average price of $72.11 and a two-hundred day moving average price of $68.91. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 15.70 and a beta of 0.69.
Stock Yards Bancorp (NASDAQ:SYBT – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.24 EPS for the quarter, topping the consensus estimate of $1.17 by $0.07. The business had revenue of $102.63 million during 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 13.58%. Research analysts predict that Stock Yards Bancorp will post 5.1 EPS for the current year.
Stock Yards Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, June 15th. Stock Yards Bancorp’s dividend payout ratio is presently 26.34%.
Stock Yards Bancorp Company Profile
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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