
SYBT Stock Forecast & Price Target
SYBT Analyst Ratings
Bulls say
Stock Yards Bancorp Inc has demonstrated robust capital strength with sequential improvements in key capital ratios, including a CET1 of 11.3% and tier-1 leverage of 10.2%, which indicate a solid financial foundation. The bank's growing net interest margin (NIM) of 3.53% reflects effective asset-liability management, while significant deposit growth of 12% to 14% underscores strong liquidity and customer confidence resulting from a successful certificate of deposit campaign. Additionally, a notable growth in pre-provision net revenue (PPNR) by 6% quarter-over-quarter, alongside improved profitability metrics with an ROA of 1.5% and ROTCE of 20.4%, supports a favorable outlook for the bank's financial performance going forward.
Bears say
Stock Yards Bancorp Inc exhibits potential vulnerabilities as its allowance for credit losses (ACL) has decreased to 1.32% of loans, signaling a possible weakening in loan demand amidst a competitive lending environment. Additionally, the coverage ratio on non-performing loans (NPLs) has declined to 5.0x, down from 5.5x, indicating a reduced buffer against potential loan defaults when compared to industry peers. The bank faces significant risks including margin pressure, softening fee income, and higher credit costs, which may negatively impact its earnings outlook moving forward.
This aggregate rating is based on analysts' research of Stock Yards Bancorp and is not a guaranteed prediction by Public.com or investment advice.
SYBT Analyst Forecast & Price Prediction
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