
SYBT Stock Forecast & Price Target
SYBT Analyst Ratings
Bulls say
Stock Yards Bancorp's financial position showcases a robust strengthening of capital ratios, with an increase in CET1 to 11.3%, tier-1 capital to 11.7%, and tier-1 leverage to 10.2%. The bank has experienced commendable growth in its net interest margin (NIM), which rose to 3.53%, alongside a significant 12% growth in total and average deposits, primarily driven by an effective certificate of deposit campaign. Additionally, the growth in pre-provision net revenue (PPNR) by 6% and strong profitability metrics, with a return on assets (ROA) of 1.5% and return on tangible common equity (ROTCE) of 20.4%, further underlines a favorable outlook for the institution.
Bears say
Stock Yards Bancorp has experienced a reduction in its allowance for credit losses (ACL), which fell to 1.32% of loans, indicating potential concerns regarding future credit quality as coverage on non-performing loans (NPLs) decreased to 5.0x from 5.5x. The bank faces significant risks that could negatively impact its earnings, including reduced loan demand, margin pressure, and elevated credit costs. Strong loan growth over the previous quarters is projected to slow, which may further exacerbate financial performance challenges 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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