Piper Sandler raised the firm’s price target on Stock Yards Bancorp (SYBT) to $76 from $75 and keeps a Neutral rating on the shares. The firm notes the company again generated solid results in Q4 given 3% PPNR upside driven by stronger net interest income with mid-to-high single digit growth in both loans and core deposit.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SYBT:
- Stock Yards Bancorp announces all-stock Field & Main merger
- Stock Yards Bancorp reports Q4 EPS $1.24, consensus $1.20
- Stock Yards Bancorp to acquire Field & Main Bancorp for $105.7M
- SYBT Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Stock Yards Bancorp announces promotion of Otten to Chief Credit Officer