Stock Yards Bancorp (SYBT) AI Stock Analysis

• Market Cap: $2.38B
• Dividend Yield: 1.57%
• Average Volume (3M): 130.94K
• Price to Earnings (P/E): 19.5
• Beta (1Y): 1.07
• Revenue Growth: 14.30%
• EPS Growth: 16.24%
• Country: US
• Employees: 1,089
• Sector: Financial
• Sector Strength: 79
• Industry: Banks - Regional
• EPS (TTM): 1.13
• Shares Outstanding: 29,468,916
• 10 Day Avg. Volume: 190,562
• 30 Day Avg. Volume: 130,941
• PEG Ratio: 2.50
• Price to Book (P/B): 2.45
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 20.63
• Enterprise Value/Market Cap: 0.78
• Enterprise Value/Revenue: 1.32
• Enterprise Value/Gross Profit: 5.38
• Enterprise Value/Ebitda: 4.39
• 1Y Price Target: $80.33
• Price Target Upside: -0.37% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 76 Outperform
• Price Target: $84.00 ▲(4.18%Upside)

Stock Yards Bancorp's overall stock score is bolstered primarily by its strong financial performance, characterized by solid revenue growth, profitability, and cash generation. The technical analysis indicates stable price trends, and the valuation suggests a fair market price with a reasonable dividend yield. The lack of notable earnings call data and corporate events means these components did not influence the overall score.

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 Business Overview & Revenue Model

Company Description

Stock Yards Bancorp, Inc. operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T. The Commercial Banking segment offers mortgage banking and deposit services; retail, commercial, and commercial real estate lending services; and online banking, mobile banking, private banking, leasing, treasury management, merchant, international banking, correspondent banking, and other banking services. This segment also provides securities brokerage services through an arrangement with a third party broker-dealer. The WM&T segment provides investment management, financial and retirement planning, and trust and estate services, as well as retirement plan management for businesses and corporations. The company operates through 73 full service banking center locations in Louisville, central, eastern and northern Kentucky, as well as Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets. Stock Yards Bancorp, Inc. was founded in 1904 and is headquartered in Louisville, Kentucky.

How the Company Makes Money

Stock Yards Bancorp generates revenue primarily through interest income derived from its lending activities, including personal loans, commercial loans, and mortgage loans. The company also earns non-interest income through fees and service charges related to deposit accounts, wealth management services, and treasury management solutions. Stock Yards Bancorp benefits from its community-focused banking model, which emphasizes strong customer relationships and local market knowledge. Additionally, the company's wealth management division contributes to revenue through investment advisory fees and fiduciary services. Overall, Stock Yards Bancorp's diversified financial services and commitment to community banking drive its earnings.

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.

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.

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	412.88M	324.46M	311.90M	232.51M	166.31M
Gross Profit	412.88M	-6.58B	311.90M	232.51M	166.31M
EBITDA	0.00	0.00	132.53M	101.06M	0.00
Net Income	114.54M	107.75M	92.97M	74.64M	58.87M
Balance Sheet
Total Assets	8.86B	8.17B	7.50B	6.65B	4.61B
Cash, Cash Equivalents and Short-Term Investments	1.07B	265.96M	1.23B	1.24B	630.16M
Total Debt	326.81M	226.74M	76.34M	102.25M	31.64M
Total Liabilities	7.92B	7.31B	6.74B	5.97B	4.17B
Stockholders Equity	940.48M	858.10M	760.43M	675.87M	440.70M
Cash Flow
Free Cash Flow	133.02M	98.97M	90.30M	97.52M	71.67M
Operating Cash Flow	142.87M	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

• Technical Analysis Sentiment: Positive
• Last Price: 80.63
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SYBT, the sentiment is Positive. The current price of 80.63 is above the 20-day moving average (MA) of 76.01, above the 50-day MA of 74.87, and above the 200-day MA of 70.59, indicating a bullish trend. The MACD of 1.41 indicates Negative momentum. The RSI at 70.02 is Negative, neither overbought nor oversold. The STOCH value of 87.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SYBT.

Stock Yards Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SYBT	76 Outperform	$2.38B	19.48	13.18%	1.57%	14.30%	16.24%
NBTB	76 Outperform	$2.24B	14.16	9.55%	3.27%	12.11%	16.58%
FBK	74 Outperform	$2.14B	17.19	8.27%	1.68%	2.70%	14.32%
PPBI	72 Outperform	$2.14B	14.44	4.94%	6.26%	23.09%	1086.91%
HTH	71 Outperform	$2.01B	15.91	5.89%	2.37%	0.59%	14.96%
TRMK	70 Neutral	$2.27B	347.87	3.28%	2.63%	-17.96%	-95.37%
Sector *	58 Neutral	$12.54B	5.84	-2.71%	5.27%	5.88%	-56.03%