Alert: Rating Upgrade (9/11/20)-Stock Yards Bancorp Inc (NASDAQ: SYBT).


Stock Rating Upgrade

In the last week the Value Trend Rating for Stock Yards Bancorp Inc (NASDAQ: SYBT) improved from D to C reflecting improving fundamentals and high Appreciation Potential.


Recent Price Action

Stock Yards Bancorp Inc (NASDAQ: SYBT) stock closed at $41.18 on 9/11/20 after a decline of -1.2%. However, unusually low trading volume at 58% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -6.2% during the last week.

Current PriceTarget Research Rating

SYBT is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Stock Yards Bancorp has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Stock Yards Bancorp has a poor Appreciation Score of 26 but a neutral Power Rating of 55, and the Low Neutral Value Trend Rating results.

About John Lafferty 97001 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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