Recent significant positive changes in fundamentals have benefitted Stock Yards Bancorp Inc (NASDAQ: SYBT): the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, and the consensus estimate for December, 2025 increased significantly.
Stock Yards Bancorp Inc (NASDAQ: SYBT) has benefited from meaningful positive changes in investment behavior: positive upside/downside volume developed.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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 C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Stock Yards Bancorp has a neutral Appreciation Score of 56 and a slightly positive Power Rating of 68, leading to the High Neutral Value Trend Rating.
Recent Price Action
Stock Yards Bancorp Inc (NASDAQ: SYBT) stock closed at $54.96 on 8/7/24 after a slight decline of -0.4%. However, trading volume in this decline was unusually low at 53% of normal. The stock has performed in line with the market over the last nine months and has declined -12.1% during the last week.
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