Stock Yards Bancorp (NASDAQ:SYBT) Lowered to “Market Perform” Rating by Hovde Group

Stock Yards Bancorp (NASDAQ:SYBT) was downgraded by analysts at Hovde Group from an “outperform” rating to a “market perform” rating in a report issued on Thursday, MarketBeat reports. They currently have a $90.00 price objective on the bank’s stock. Hovde Group’s price target suggests a potential upside of 2.24% from the company’s previous close.

A number of other analysts have also weighed in on SYBT. Piper Sandler reaffirmed a “neutral” rating and issued a $81.00 price objective (up from $78.00) on shares of Stock Yards Bancorp in a research note on Friday, June 26th. Keefe, Bruyette & Woods boosted their price target on shares of Stock Yards Bancorp from $80.00 to $81.00 and gave the company a “market perform” rating in a report on Thursday, April 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stock Yards Bancorp in a research report on Friday, July 10th. Wall Street Zen lowered shares of Stock Yards Bancorp from a “sell” rating to a “strong sell” rating in a report on Sunday, July 12th. Finally, Raymond James Financial assumed coverage on shares of Stock Yards Bancorp in a research note on Wednesday, July 8th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $80.50.

Stock Yards Bancorp Trading Up 3.1%

SYBT opened at $88.03 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average is $75.86 and its two-hundred day moving average is $70.88. The company has a market capitalization of $2.60 billion, a P/E ratio of 18.11 and a beta of 0.68. Stock Yards Bancorp has a 52 week low of $61.51 and a 52 week high of $89.22.

Stock Yards Bancorp (NASDAQ:SYBT) last issued its earnings results on Wednesday, July 29th. The bank reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.23. Stock Yards Bancorp had a return on equity of 13.58% and a net margin of 25.06%.The business had revenue of $114.67 million during the quarter, compared to analysts’ expectations of $111.66 million. Analysts forecast that Stock Yards Bancorp will post 5 earnings per share for the current year.

Insider Buying and Selling

In other Stock Yards Bancorp news, President Philip Poindexter sold 1,221 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $70.68, for a total value of $86,300.28. Following the completion of the sale, the president directly owned 53,376 shares in the company, valued at $3,772,615.68. This trade represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by insiders.

Institutional Trading of Stock Yards Bancorp

A number of institutional investors have recently made changes to their positions in the business. Stock Yards Bank & Trust Co. grew its stake in Stock Yards Bancorp by 37.7% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 1,338,377 shares of the bank’s stock worth $86,928,000 after buying an additional 366,475 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in Stock Yards Bancorp by 0.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 187,691 shares of the bank’s stock valued at $12,191,000 after buying an additional 816 shares during the last quarter. Bank of America Corp DE boosted its holdings in Stock Yards Bancorp by 47.2% in the third quarter. Bank of America Corp DE now owns 183,724 shares of the bank’s stock worth $12,859,000 after acquiring an additional 58,942 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Stock Yards Bancorp by 691.5% during the fourth quarter. Marshall Wace LLP now owns 178,002 shares of the bank’s stock worth $11,561,000 after acquiring an additional 155,512 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in Stock Yards Bancorp by 8.9% in the 4th quarter. Natixis Advisors LLC now owns 158,189 shares of the bank’s stock worth $10,274,000 after purchasing an additional 12,976 shares in the last quarter. Institutional investors and hedge funds own 56.46% of the company’s stock.

Key Stock Yards Bancorp News

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

• Positive Sentiment: Record quarterly earnings: Stock Yards Bancorp reported net income of $40.1 million, or $1.31 per diluted share, for the quarter ended June 30, 2026. Earnings exceeded analyst estimates ranging from $1.08 to $1.17 per share and increased from $1.15 per share a year earlier. Stock Yards Bancorp Reports Record Second Quarter Earnings
• Positive Sentiment: Revenue also beat expectations: Quarterly revenue totaled $114.67 million, ahead of the $111.66 million consensus estimate. The company reported a 25.06% net margin and 13.58% return on equity, indicating solid profitability and operating performance. Stock Yards Bancorp Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Positive momentum and valuation interest: Coverage highlights SYBT’s strengthening share-price momentum and considers whether the stock remains attractively valued. Its price is above both its 50-day and 200-day moving averages, while its price-to-earnings ratio is approximately 18. Is Stock Yards Bancorp A Bargain As Its Share Price Momentum Builds?
• Neutral Sentiment: Additional reports reviewed the quarter’s key operating metrics against Wall Street estimates and prior-year results, while a separate filing disclosed three insider transactions on July 28. The available reports do not establish whether those transactions were purchases or sales, limiting their immediate signal for investors. Stock Yards Q2 Earnings Key Metrics

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.