Piper Sandler assumed coverage of Stock Yards Bancorp with a Neutral rating and $65.50 price target. The firm says Stock Yards as one of the highest quality Smid-cap banks citing its consistently above average profitability profile and earrings growth, relatively “more benign” through-cycle credit quality track-record, and solid organic growth tendency. However, Piper sees limited near-term catalysts to drive a greater premium valuation and would become more constructive with a relative valuation pullback.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SYBT:
- Stock Yards Bancorp to Participate in the Raymond James 2024 U.S. Bank and Banking on Tech Conferences
- Stock Yards Bancorp Increases Quarterly Cash Dividend to $0.31 Per Common Share
- Stock Yards Bancorp increases quarterly dividend to 31c per share
- Stock Yards Bancorp reports Q2 EPS 94c, consensus 84c
- SYBT Earnings Report this Week: Is It a Buy, Ahead of Earnings?
Questions or Comments about the article? Write to editor@tipranks.com