For its third fiscal quarter (ending September 30), Stock Yards Bancorp Inc (NASDAQ: SYBT) has reported E.P.S. of $1.00 compared to $0.93 a year ago. For the latest four quarters through September 30, E.P.S. were $3.65 versus $3.89 for the same period a year ago.
Recent Price Action
Stock Yards Bancorp Inc (NASDAQ: SYBT) stock increased 1.9% on 10/23/24. The shares closed at $65.95. However, trading volume in this advance was unusually low at 64% of normal. The stock has risen 1.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Stock Yards Bancorp has a neutral Appreciation Score of 54 but a good Power Rating of 84, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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