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Stock Yards Bancorp (SYBT)
NASDAQ:SYBT
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Stock Yards Bancorp
(NASDAQ:SYBT)
60Neutral
Positive Factors
Financial Performance
Stock Yards delivered peer-leading year-to-date financial results, with EPS and PPNR exceeding consensus expectations.
Loan and Deposit Growth
Year-to-date loan growth of 8.8% at Stock Yards is more than double that of peers, and deposit trends also outperformed.
Negative Factors
Valuation Concerns
Stock Yards' P/E ratio is currently high, trading at the 83rd percentile of its valuation range, which suggests caution in future valuation forecasting.
Stock Yards Bancorp (SYBT) vs. S&P 500 (SPY)
Market Cap
$1.97B
Dividend Yield1.82%
Average Volume (3M)142.02K
Price to Earnings (P/E)17.8
Beta (1Y)1.37
Revenue Growth15.78%
EPS Growth6.02%
CountryUS
Employees1,075
SectorFinancial
Sector Strength77
IndustryBanking
Share Statistics
EPS (TTM)3.89
Shares Outstanding29,437,553
10 Day Avg. Volume122,538
30 Day Avg. Volume142,019
Financial Highlights & Ratios
PEG Ratio2.96
Price to Book (P/B)N/A
Price to Sales (P/S)5.92
Price to Cash Flow (P/CF)26.90
P/FCF Ratio4.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$82.50Price Target Upside22.99% Upside
Rating ConsensusHold
Number of Analyst Covering3
Stock Yards Bancorp Business Overview & Revenue Model
Company DescriptionStock Yards Bancorp, Inc. (SYBT) is a financial holding company headquartered in Louisville, Kentucky. The company operates primarily through its subsidiary, Stock Yards Bank & Trust Company, providing a comprehensive range of banking and financial services. Stock Yards Bancorp serves both individual and business clients with products including commercial and personal banking, wealth management, investment services, and mortgage lending. The bank has a strong regional presence with numerous branches across Kentucky, Indiana, and Ohio.
How the Company Makes MoneyStock Yards Bancorp generates revenue through a diversified range of financial services. Its primary revenue streams include interest income from loans and leases, which encompass commercial, real estate, and consumer lending. The company also earns non-interest income through service charges on deposit accounts, wealth management fees, investment advisory services, and fees from mortgage origination and servicing. Additionally, Stock Yards Bancorp benefits from its strategic focus on community banking, which fosters strong customer relationships and local market expertise. The company's financial performance is supported by prudent risk management and a diversified portfolio of financial products tailored to meet the needs of its clients.
Stock Yards Bancorp Financial Statement Overview
Summary
Stock Yards Bancorp shows a solid performance overall, with strong revenue growth and a healthy balance sheet with no debt in 2024. The income statement reflects improving profitability despite some inconsistencies. Cash flow generation is generally positive, but the company should focus on maintaining steady free cash flow growth to sustain long-term investments and expansion opportunities.Income Statement
Stock Yards Bancorp has demonstrated a strong revenue growth trajectory, with significant growth from $185.21M in 2020 to $412.88M in 2024. However, the gross profit margin is inconsistent, with a major negative gross profit recorded in 2023, likely due to extraordinary items. The EBIT margin shows improvement, with a strong TTM EBIT margin of 73.89%. The net profit margin remains stable but slightly lower due to higher expenses in recent years.65
Positive
Balance Sheet
The balance sheet is robust with no total debt recorded in 2024, indicating a strong equity position. The equity ratio has improved over the years, reaching 10.61% in 2024, suggesting a stable financial structure. Return on Equity (ROE) is healthy, reflecting efficient management of shareholders' equity. However, equity growth could be stronger.70
Positive
Cash Flow
The cash flow statement shows fluctuating free cash flow, with significant growth in 2024. Operating cash flow to net income ratio indicates efficient cash generation from operations, though free cash flow growth has been inconsistent. The company needs to maintain positive cash flow trends to support its growth trajectory.60
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 412.88M | 324.46M | 311.90M | 232.06M | 185.21M | Gross Profit |
| 412.88M | -6.58B | 311.90M | 232.06M | 185.21M | EBIT |
| 305.11M | -6.65B | 138.43M | 95.40M | 67.74M | EBITDA |
| 0.00 | 0.00 | 132.53M | 101.06M | 77.51M | Net Income Common Stockholders |
| 114.54M | 107.75M | 92.97M | 74.64M | 58.87M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.07B | 265.96M | 1.23B | 1.24B | 630.16M | Total Assets |
| 8.86B | 8.17B | 7.50B | 6.65B | 4.61B | Total Debt |
| 326.81M | 226.74M | 76.34M | 102.25M | 31.64M | Net Debt |
| 247.88M | 132.27M | -6.17M | 39.94M | -11.54M | Total Liabilities |
| 7.92B | 7.31B | 6.74B | 300.00K | 4.17B | Stockholders Equity |
| 940.48M | 858.10M | 760.43M | 675.87M | 440.70M |
| Cash Flow | Free Cash Flow | |||
| 36.72M | 98.97M | 90.30M | 97.52M | 71.67M | Operating Cash Flow |
| 36.72M | 106.70M | 108.74M | 102.10M | 77.13M | Investing Cash Flow |
| -677.06M | -424.05M | -384.43M | -78.87M | -804.72M | Financing Cash Flow |
| 559.25M | 415.94M | -518.14M | 620.02M | 795.81M |
Stock Yards Bancorp Technical Analysis
Negative
67.08
Price Trends
72.68
Negative
72.35
Negative
63.53
Positive
Market Momentum
-1.56
Positive
31.81
Neutral
12.03
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SYBT, the sentiment is Negative. The current price of 67.08 is below the 20-day moving average (MA) of 72.39, below the 50-day MA of 72.68, and above the 200-day MA of 63.53, indicating a neutral trend. The MACD of -1.56 indicates Positive momentum. The RSI at 31.81 is Neutral, neither overbought nor oversold. The STOCH value of 12.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SYBT.
Stock Yards Bancorp Risk Analysis
Stock Yards Bancorp disclosed 31 risk factors in its most recent earnings report. Stock Yards Bancorp reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Stock Yards Bancorp Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $5.50B | 14.04 | 10.38% | 2.71% | 8.83% | 3.77% | |
73 Outperform | $4.51B | 20.53 | 14.87% | 1.49% | 16.28% | 9.61% | |
64 Neutral | $13.80B | 10.64 | 9.23% | 4.22% | 17.66% | -7.66% | |
62 Neutral | $3.18B | 11.71 | 9.69% | 3.95% | 21.10% | -4.20% | |
61 Neutral | $4.87B | 12.51 | 7.62% | 4.30% | 6.80% | 1.48% | |
61 Neutral | $5.00B | 22.79 | 14.39% | 2.02% | 18.54% | 12.22% | |
60 Neutral | $1.97B | 17.80 | 12.74% | 1.82% | 15.78% | 6.02% |
* Financial Sector Average
Performance Comparison
SYBT
Stock Yards Bancorp
67.21
23.52
53.83%
FFIN
First Financial Bankshares
34.98
4.02
12.98%
FULT
Fulton Financial
17.24
2.57
17.52%
HOMB
Home Bancshares
27.68
4.54
19.62%
UBSI
United Bankshares
34.04
0.70
2.10%
SFBS
ServisFirst Bancshares
81.18
18.26
29.02%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.