
SYBT Stock Forecast & Price Target
SYBT Analyst Ratings
Bulls say
Stock Yards Bancorp's continued strengthening of capital ratios, including a CET1 of 11.3% and tier-1 leverage of 10.2%, indicates a solid financial foundation and increased resilience. The bank's net interest margin (NIM) grew to 3.53%, along with significant deposit growth of 12% and 14% year-over-year, which suggests effective customer engagement and liquidity management. Furthermore, the bank delivered a notable quarter-over-quarter increase in pre-provision net revenue (PPNR) of 6%, while maintaining controlled expenses and achieving profitability metrics of 1.5% ROA and 20.4% ROTCE, underscoring its operational efficiency and ability to capitalize on revenue opportunities.
Bears say
Stock Yards Bancorp has experienced a decline in its Allowance for Credit Losses (ACL) as a percentage of loans, which fell to 1.32%, indicating potential concerns about credit quality amid strong loan growth. The ACL coverage on non-performing loans (NPLs) also decreased to 5.0x, down from 5.5x, raising questions about the bank's ability to manage credit risks effectively, although it remains higher than most peers. Furthermore, the bank faces several risk factors, including reduced loan demand, margin pressure, and higher credit costs, which could hinder future earnings performance.
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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