Stock Yards Bancorp Inc (NASDAQ: SYBT) stock closed at $74.85 on 11/6/24 after a major increase of 11.4%. Moreover, this advance was accompanied by exceptionally high trading volume at 223% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 13.5% 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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Stock Yards Bancorp has a neutral Appreciation Score of 55 but a very high Power Rating of 88, resulting in the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment