Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Stock Yards Bancorp Inc (NASDAQ: SYBT) improved during the last several trading days. SYBT’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/9/24, Stock Yards Bancorp Inc (NASDAQ: SYBT) stock declined slightly by -0.6%, closing at $55.27. However, this decline was accompanied by unusually low trading volume at 61% of normal. The stock has performed in line with the market over the last nine months and has declined -6.9% during the last week.
Current PriceTarget Research Rating
SYBT is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Stock Yards Bancorp has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Stock Yards Bancorp has a neutral Appreciation Score of 58 but a good Power Rating of 71, and the Positive Value Trend Rating results.
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