Stock Yards Bancorp (NASDAQ:SYBT) Price Target Raised to $81.00 at Keefe, Bruyette & Woods

Stock Yards Bancorp (NASDAQ:SYBTFree Report) had its target price raised by Keefe, Bruyette & Woods from $80.00 to $81.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a market perform rating on the bank’s stock.

A number of other equities analysts have also recently commented on the company. Wall Street Zen upgraded Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Hovde Group upgraded Stock Yards Bancorp from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a report on Friday, March 6th. Zacks Research cut Stock Yards Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. 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 report on Friday, January 30th. Finally, Stephens lifted their target price on Stock Yards Bancorp from $67.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Stock Yards Bancorp presently has a consensus rating of “Hold” and a consensus target price of $75.50.

View Our Latest Report on SYBT

Stock Yards Bancorp Price Performance

Shares of Stock Yards Bancorp stock opened at $70.44 on Thursday. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 14.49 and a beta of 0.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day moving average price of $66.97 and a 200-day moving average price of $67.26. Stock Yards Bancorp has a one year low of $61.51 and a one year high of $83.83.

Stock Yards Bancorp (NASDAQ:SYBTGet Free Report) last announced its earnings results on Wednesday, April 22nd. The bank reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.07. The firm had revenue of $102.63 million during the quarter, compared to analysts’ expectations of $108.18 million. Stock Yards Bancorp had a return on equity of 13.78% and a net margin of 25.06%. Equities analysts expect that Stock Yards Bancorp will post 4.96 EPS for the current year.

Stock Yards Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 16th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, March 16th. Stock Yards Bancorp’s dividend payout ratio (DPR) is currently 26.95%.

Institutional Investors Weigh In On Stock Yards Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank lifted its stake in shares of Stock Yards Bancorp by 15.0% during the 3rd quarter. Huntington National Bank now owns 1,247 shares of the bank’s stock worth $87,000 after acquiring an additional 163 shares during the last quarter. Guidance Capital Inc. raised its position in Stock Yards Bancorp by 1.9% during the 3rd quarter. Guidance Capital Inc. now owns 9,982 shares of the bank’s stock valued at $678,000 after purchasing an additional 186 shares in the last quarter. Raymond James Financial Inc. raised its position in Stock Yards Bancorp by 1.3% during the 3rd quarter. Raymond James Financial Inc. now owns 18,664 shares of the bank’s stock valued at $1,306,000 after purchasing an additional 237 shares in the last quarter. ProShare Advisors LLC raised its position in Stock Yards Bancorp by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 4,809 shares of the bank’s stock valued at $312,000 after purchasing an additional 310 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in Stock Yards Bancorp by 1.5% during the 2nd quarter. California State Teachers Retirement System now owns 25,710 shares of the bank’s stock valued at $2,031,000 after purchasing an additional 383 shares in the last quarter. 56.46% of the stock is owned by institutional investors.

Stock Yards Bancorp News Roundup

Here are the key news stories impacting Stock Yards Bancorp this week:

About Stock Yards Bancorp

(Get Free Report)

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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Analyst Recommendations for Stock Yards Bancorp (NASDAQ:SYBT)

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