Stock Yards Bancorp (NASDAQ:SYBT) Price Target Raised to $80.00
by Amy Steele · The Cerbat GemStock Yards Bancorp (NASDAQ:SYBT – Free Report) had its target price lifted by Keefe, Bruyette & Woods from $79.00 to $80.00 in a research note released on Thursday,Benzinga reports. They currently have a market perform rating on the bank’s stock.
Other analysts have also issued reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Stock Yards Bancorp in a research note on Monday, December 29th. Hovde Group raised shares of Stock Yards Bancorp from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research note on Friday, March 6th. Wall Street Zen raised shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Zacks Research lowered shares of Stock Yards Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Piper Sandler reissued a “neutral” rating and set a $76.00 target price (up from $75.00) on shares of Stock Yards Bancorp in a research note on Friday, January 30th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $77.75.
View Our Latest Stock Analysis on SYBT
Stock Yards Bancorp Price Performance
Shares of Stock Yards Bancorp stock opened at $71.20 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $66.60 and its two-hundred day moving average price is $67.16. Stock Yards Bancorp has a 52 week low of $61.51 and a 52 week high of $83.83. The stock has a market cap of $2.10 billion, a PE ratio of 14.99 and a beta of 0.67.
Stock Yards Bancorp (NASDAQ:SYBT – Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. Stock Yards Bancorp had a net margin of 24.83% and a return on equity of 13.68%. The firm had revenue of $104.47 million for the quarter, compared to analysts’ expectations of $102.42 million. As a group, sell-side analysts anticipate that Stock Yards Bancorp will post 4.16 EPS for the current fiscal year.
Stock Yards Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 16th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, March 16th. Stock Yards Bancorp’s dividend payout ratio is 26.95%.
Institutional Investors Weigh In On Stock Yards Bancorp
Hedge funds have recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Stock Yards Bancorp in the 3rd quarter valued at approximately $28,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Stock Yards Bancorp in the 3rd quarter valued at approximately $45,000. GAMMA Investing LLC lifted its position in shares of Stock Yards Bancorp by 92.1% in the 4th quarter. GAMMA Investing LLC now owns 826 shares of the bank’s stock valued at $54,000 after acquiring an additional 396 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Stock Yards Bancorp in the 4th quarter valued at approximately $60,000. Finally, Covestor Ltd lifted its position in shares of Stock Yards Bancorp by 138.4% in the 4th quarter. Covestor Ltd now owns 1,168 shares of the bank’s stock valued at $76,000 after acquiring an additional 678 shares in the last quarter. Hedge funds and other institutional investors own 56.46% of the company’s stock.
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.