Stock Yards Bancorp Inc (NASDAQ: SYBT) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent meaningful positive changes in fundamentals have benefitted Stock Yards Bancorp Inc (NASDAQ: SYBT): significant quarterly sales acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
SYBT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Stock Yards Bancorp has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Stock Yards Bancorp has a slightly positive Power Rating of 64 and a slightly positive Appreciation Score of 65, producing the Positive Value Trend Rating.
Recent Price Action
Stock Yards Bancorp Inc (NASDAQ: SYBT) stock enjoyed a large increase of 3.2% on 5/1/24. The stock closed at $45.99. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and has risen 0.7% during the last week.
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