Stock Yards Bancorp, Inc. (NASDAQ:SYBT) Receives $81.50 Consensus Target Price from Brokerages

Shares of Stock Yards Bancorp, Inc. (NASDAQ:SYBT) have been given an average rating of “Hold” by the five research firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $79.00.

A number of equities research analysts have issued reports on SYBT shares. Piper Sandler reiterated a “neutral” rating and issued a $76.00 target price (up from $75.00) on shares of Stock Yards Bancorp in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Stock Yards Bancorp in a research report on Monday, December 29th. Hovde Group upped their target price on shares of Stock Yards Bancorp from $73.00 to $75.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, Wall Street Zen lowered shares of Stock Yards Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday.

Insiders Place Their Bets

In other Stock Yards Bancorp news, Director David L. Hardy purchased 2,000 shares of Stock Yards Bancorp stock in a transaction on Thursday, November 6th. The stock was bought at an average price of $66.53 per share, for a total transaction of $133,060.00. Following the transaction, the director owned 2,000 shares of the company’s stock, valued at $133,060. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Stock Yards Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in Stock Yards Bancorp by 47.4% in the first quarter. AQR Capital Management LLC now owns 7,143 shares of the bank’s stock worth $493,000 after purchasing an additional 2,297 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Stock Yards Bancorp by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,225 shares of the bank’s stock worth $1,051,000 after buying an additional 658 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Stock Yards Bancorp by 28.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 52,643 shares of the bank’s stock worth $3,636,000 after buying an additional 11,758 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Stock Yards Bancorp in the 1st quarter worth approximately $3,400,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Stock Yards Bancorp by 3.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,915 shares of the bank’s stock valued at $657,000 after acquiring an additional 275 shares in the last quarter. 56.46% of the stock is currently owned by institutional investors.

Stock Yards Bancorp Stock Up 1.1%

NASDAQ:SYBT opened at $67.69 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average of $67.40 and a 200-day moving average of $70.89. The firm has a market capitalization of $1.99 billion, a PE ratio of 14.25 and a beta of 0.69. Stock Yards Bancorp has a 52 week low of $60.75 and a 52 week high of $83.83.

Stock Yards Bancorp (NASDAQ:SYBT) last released its quarterly earnings data on Tuesday, January 27th. The bank reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The business had revenue of $104.47 million during the quarter, compared to analyst estimates of $102.42 million. Stock Yards Bancorp had a return on equity of 13.91% and a net margin of 24.83%. Analysts predict that Stock Yards Bancorp will post 4.16 EPS for the current year.

Stock Yards Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, December 15th. Stock Yards Bancorp’s dividend payout ratio (DPR) is currently 26.95%.

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.