Stock Yards Bancorp (SYBT) AI Stock Analysis

• Market Cap: $1.93B
• Dividend Yield: 1.94%
• Average Volume (3M): 125.62K
• Price to Earnings (P/E): 14.3
• Beta (1Y): 1.07
• Revenue Growth: 11.74%
• EPS Growth: 26.27%
• Country: US
• Employees: 1,089
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.23
• Shares Outstanding: 29,473,331
• 10 Day Avg. Volume: 101,438
• 30 Day Avg. Volume: 125,620
• PEG Ratio: 3.07
• Price to Book (P/B): 2.23
• Price to Sales (P/S): 4.19
• P/FCF Ratio: 15.77
• Enterprise Value/Market Cap: 1.41
• Enterprise Value/Revenue: 4.98
• Enterprise Value/Gross Profit: 7.30
• Enterprise Value/Ebitda: 15.45
• 1Y Price Target: $79.00
• Price Target Upside: 19.53% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: $73.00 ▲(10.46% Upside)

Stock Yards Bancorp's overall score reflects strong financial performance, particularly in revenue growth and profitability, which is the most significant factor. Technical analysis indicates a bearish trend, which slightly offsets the positive financials. Valuation is reasonable but not compelling enough to significantly influence the score.

Positive Factors

Loan Growth

Consistent loan growth indicates strong demand and effective market penetration, supporting long-term revenue expansion and market position.

Credit Quality

Maintaining strong credit quality ensures financial stability and reduces the risk of loan defaults, supporting sustainable profitability.

Revenue Growth

Steady revenue growth reflects effective business strategies and market demand, contributing to long-term financial health and shareholder value.

Negative Factors

Debt Levels

Rising debt levels may increase financial risk and limit flexibility, potentially impacting future investment and growth opportunities.

Free Cash Flow Decline

A decline in free cash flow growth can constrain the company's ability to reinvest in business operations and reduce financial resilience.

Gross Profit Margin Decline

Decreasing gross profit margins suggest rising costs or pricing pressures, which could erode profitability if not managed effectively.

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 from loans and investments, as well as non-interest income from various banking services. Key revenue streams include interest earned on commercial and consumer loans, mortgage loans, and investment securities. Additionally, the bank earns fees from services such as wealth management, trust services, and mortgage origination. Significant partnerships with local businesses and real estate developers also contribute to its revenue through collaborative lending and investment opportunities. The company’s focus on customer service and community engagement enhances client retention and attracts new customers, ultimately driving earnings.

Stock Yards Bancorp Financial Statement Overview

Summary

Stock Yards Bancorp demonstrates solid revenue growth and profitability, with strong gross and net profit margins. However, the negative equity position raises concerns about financial stability. Cash flow generation is robust, but liquidity management needs attention. Overall, the company is performing well but must address balance sheet weaknesses to ensure long-term stability.

Income Statement

Stock Yards Bancorp shows consistent revenue growth with a 3.34% increase in TTM, indicating a positive trajectory. Gross profit margin remains strong at 67.45%, and net profit margin is healthy at 24.11%. However, there is a slight decline in EBIT and EBITDA margins compared to previous years, which could indicate rising operational costs.

Balance Sheet

The balance sheet reveals a concerning negative stockholders' equity in the TTM period, leading to a negative debt-to-equity ratio. This indicates potential financial instability. However, the return on equity remains positive at 18.50%, suggesting effective use of equity despite the negative balance.

Cash Flow

Cash flow analysis shows a positive free cash flow growth rate of 4.15% in TTM, indicating improved cash generation. The free cash flow to net income ratio is strong at 93.89%, demonstrating efficient conversion of income to cash. However, the operating cash flow to net income ratio is low, suggesting potential liquidity concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	546.47M	500.95M	432.46M	330.55M	238.51M	197.16M
Gross Profit	373.03M	335.38M	319.31M	302.02M	233.26M	166.80M
EBITDA	176.36M	157.72M	159.87M	141.14M	106.73M	77.49M
Net Income	135.23M	114.54M	107.75M	92.97M	74.64M	58.87M
Balance Sheet
Total Assets	9.31B	8.86B	8.17B	7.50B	6.65B	4.61B
Cash, Cash Equivalents and Short-Term Investments	821.88M	1.07B	1.13B	1.23B	1.24B	630.16M
Total Debt	406.68M	496.30M	392.58M	218.47M	85.84M	91.08M
Total Liabilities	8.27B	7.92B	7.31B	6.74B	5.97B	4.17B
Stockholders Equity	1.04B	940.48M	858.10M	760.43M	675.87M	440.70M
Cash Flow
Free Cash Flow	122.14M	133.02M	98.97M	90.30M	97.52M	71.67M
Operating Cash Flow	132.87M	142.87M	106.70M	108.74M	102.10M	77.13M
Investing Cash Flow	-406.02M	-677.06M	-424.05M	-384.43M	-78.87M	-804.72M
Financing Cash Flow	776.37M	559.25M	415.94M	-518.14M	620.02M	795.81M

Stock Yards Bancorp Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 66.09
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SYBT, the sentiment is Neutral. The current price of 66.09 is above the 20-day moving average (MA) of 65.89, below the 50-day MA of 68.04, and below the 200-day MA of 72.40, indicating a neutral trend. The MACD of -0.76 indicates Negative momentum. The RSI at 48.22 is Neutral, neither overbought nor oversold. The STOCH value of 67.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SYBT.

Stock Yards Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NBTB	74 Outperform	$2.13B	13.55	8.87%	3.37%	11.63%	5.58%
BANR	73 Outperform	$2.21B	11.79	10.28%	3.04%	6.98%	15.08%
FBNC	70 Outperform	$2.13B	21.53	6.39%	1.75%	-5.72%	-3.86%
CUBI	70 Outperform	$2.36B	13.97	8.99%	―	-0.37%	-20.30%
SYBT	69 Neutral	$1.93B	14.25	13.69%	1.94%	11.74%	26.27%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
EFSC	60 Neutral	$2.04B	10.71	10.25%	2.19%	6.59%	9.36%

Stock Yards Bancorp Corporate Events

Stock Yards Bancorp Achieves Record Q3 Earnings

Stock Yards Bancorp, Inc., headquartered in Louisville, Kentucky, operates as a bank holding company primarily engaged in providing a range of financial services through its subsidiary, Stock Yards Bank & Trust Company, across Kentucky, Indiana, and Ohio.

Stock Yards Bancorp Appoints New Principal Accounting Officer

On September 3, 2025, Stock Yards Bancorp announced the appointment of Michael W. Woods as Senior Vice President and Principal Accounting Officer. Woods, a seasoned CPA with over 25 years of experience, will oversee accounting, reporting, and treasury functions. His compensation package includes a base salary, bonus eligibility, and stock awards. The previous Principal Accounting Officer, T. Clay Stinnett, will continue as Executive Vice President and CFO.

The most recent analyst rating on (SYBT) stock is a Buy with a $84.00 price target. To see the full list of analyst forecasts on Stock Yards Bancorp stock, see the SYBT Stock Forecast page.

Stock Yards Bancorp Increases Quarterly Cash Dividend

On August 20, 2025, Stock Yards Bancorp‘s Board of Directors announced an increase in the company’s quarterly cash dividend to $0.32 per common share, payable on October 1, 2025, to stockholders of record as of September 15, 2025. This decision reflects the company’s consistent profitability and strong capital position, marking the 18th dividend increase since 2011, with a cumulative rise of 167%, demonstrating a commitment to enhancing long-term shareholder value.

The most recent analyst rating on (SYBT) stock is a Buy with a $85.00 price target. To see the full list of analyst forecasts on Stock Yards Bancorp stock, see the SYBT Stock Forecast page.