Stock Yards Bancorp (SYBT) AI Stock Analysis

• Market Cap: $2.38B
• Dividend Yield: 1.55%
• Average Volume (3M): 104.05K
• Price to Earnings (P/E): 18.5
• Beta (1Y): 1.12
• Revenue Growth: 13.28%
• EPS Growth: 22.43%
• Country: US
• Employees: 1,089
• Sector: Financial
• Sector Strength: 78
• Industry: Banks - Regional
• EPS (TTM): 1.15
• Shares Outstanding: 29,473,331
• 10 Day Avg. Volume: 96,575
• 30 Day Avg. Volume: 104,047
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.15
• Enterprise Value/Revenue: 5.29
• Enterprise Value/Gross Profit: 7.87
• Enterprise Value/Ebitda: 16.58
• 1Y Price Target: $83.33
• Price Target Upside: 3.97% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 73 Outperform
• Price Target: $84.00 ▲(4.80% Upside)

Stock Yards Bancorp's overall stock score is driven by strong financial performance and a stable valuation. The company's robust financial health, characterized by solid revenue growth and profitability, is a significant strength. Technical analysis indicates some short-term weakness, but overall stability. The recent dividend increase underscores the company's commitment to shareholder value, although it was not factored into the weighted 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. (SYBT) is a financial holding company based in the United States, primarily engaged in providing banking and financial services through its wholly owned subsidiary, Stock Yards Bank & Trust Company. The company operates primarily in the banking sector, offering a range of services including personal and commercial banking, trust and investment services, and mortgage banking. With a focus on serving the needs of individuals and businesses, Stock Yards Bancorp aims to deliver comprehensive financial solutions tailored to its clients' needs.

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 exhibits strong financial performance with robust revenue growth, profitability, and cash generation. The income statement shows impressive margins, while the balance sheet reflects financial stability and effective use of equity. Cash flow analysis underscores strong cash generation, supporting the company's operational needs.

Income Statement

Stock Yards Bancorp demonstrates strong revenue growth with a TTM revenue increase of 2.9% from the previous year. The gross profit margin is robust at 67.2%, and the net profit margin stands at a healthy 23.7%. The EBIT and EBITDA margins are 29.7% and 31.8%, respectively, indicating solid profitability. Overall, the company's income statement reflects stable and improving financial health, with consistent growth and profitability.

Balance Sheet

The balance sheet shows a solid equity ratio of 10.8%, indicating a stable financial structure with moderate leverage. The debt-to-equity ratio is 0.50, reflecting a balanced approach to leveraging debt. The return on equity is strong at 12.5%, suggesting effective use of equity to generate profits. Overall, the balance sheet is stable, with a healthy capital structure and effective equity utilization, though there is room for improving the equity ratio further.

Cash Flow

Cash flow analysis reveals a positive trajectory with a 1.7% growth in free cash flow. The operating cash flow to net income ratio is 1.19, indicating good cash generation relative to net income. The free cash flow to net income ratio is 1.11, suggesting efficient conversion of income to cash. Overall, the cash flow statement reflects strong cash generation and effective capital management, contributing to financial stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	515.22M	500.95M	432.46M	330.55M	238.51M	197.16M
Gross Profit	346.04M	335.38M	319.31M	302.02M	232.51M	166.31M
EBITDA	164.26M	157.72M	159.87M	141.14M	106.73M	77.49M
Net Income	121.92M	114.54M	107.75M	92.97M	74.64M	58.87M
Balance Sheet
Total Assets	9.00B	8.86B	8.17B	7.50B	6.65B	4.61B
Cash, Cash Equivalents and Short-Term Investments	953.22M	1.07B	1.13B	1.23B	1.24B	630.16M
Total Debt	484.77M	496.30M	392.58M	218.47M	85.84M	91.08M
Total Liabilities	8.02B	7.92B	7.31B	6.74B	5.97B	4.17B
Stockholders Equity	975.47M	940.48M	858.10M	760.43M	675.87M	440.70M
Cash Flow
Free Cash Flow	135.27M	133.02M	98.97M	90.30M	97.52M	71.67M
Operating Cash Flow	145.24M	142.87M	106.70M	108.74M	102.10M	77.13M
Investing Cash Flow	-631.81M	-677.06M	-424.05M	-384.43M	-78.87M	-804.72M
Financing Cash Flow	730.09M	559.25M	415.94M	-518.14M	620.02M	795.81M

Stock Yards Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 80.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Positive. The current price of 80.15 is above the 20-day moving average (MA) of 77.29, above the 50-day MA of 78.07, and above the 200-day MA of 73.78, indicating a bullish trend. The MACD of 1.29 indicates Negative momentum. The RSI at 56.59 is Neutral, neither overbought nor oversold. The STOCH value of 66.85 is Neutral, 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
NBTB	80 Outperform	$2.32B	15.94	8.16%	3.14%	10.00%	7.35%
TRMK	80 Outperform	$2.43B	11.30	10.99%	2.37%	17.17%	―
FBK	78 Outperform	$2.89B	27.66	5.81%	1.38%	-5.80%	-22.11%
SYBT	73 Outperform	$2.38B	18.54	13.51%	1.55%	13.28%	22.43%
HTH	73 Outperform	$2.21B	15.78	6.62%	2.03%	3.16%	27.33%
PPBI	72 Outperform	$2.38B	17.16	4.59%	5.39%	23.85%	―
Sector *	68 Neutral	$17.95B	11.54	10.27%	3.74%	9.64%	1.17%

Stock Yards Bancorp Corporate Events

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.

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.

Stock Yards Bancorp Announces New Stock Buyback Program

On July 15, 2025, Stock Yards Bancorp, Inc. announced a new stock repurchase program, authorizing the buyback of up to one million shares, which is approximately 3.4% of its total outstanding common stock. This plan replaces a previous one that expired in May 2025, with the last repurchase occurring in 2019. The company aims to manage the repurchase based on stock price, market conditions, and corporate considerations, while complying with regulatory requirements. The program is set to expire in two years, but it can be modified or terminated at any time, and there is no obligation to repurchase a specific amount or number of shares.