Stock Yards Bancorp Inc [SYBT] stock is trading at $48.91, up 3.69%. An important factor to consider is whether the stock is rising or falling in short-term value. The SYBT shares have gain 4.89% over the last week, with a monthly amount glided 8.33%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 21, February 2024, Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.30 Per Common Share. In a post published today on Yahoo Finance, Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per common share. The dividend will be paid on April 1, 2024, to stockholders of record as of March 18, 2024.
From an analyst’s perspective:
On December 14, 2022, downgrade downgraded it’s rating to Underweight and revised its price target to $73 on the stock. Piper Sandler started tracking the stock assigning a Neutral rating and suggested a price target of $65 on July 13, 2022. Hovde Group initiated its recommendation with a Market Perform. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on October 28, 2021, and upped its price target to $67. In a note dated January 28, 2021, Keefe Bruyette upgraded an Outperform rating on this stock and boosted its target price from $43 to $51.
Stock Yards Bancorp Inc [SYBT] stock has fluctuated between $36.93 and $56.00 over the past year. Currently, Wall Street analysts expect the stock to reach $73 within the next 12 months. Stock Yards Bancorp Inc [NASDAQ: SYBT] shares were valued at $48.91 at the most recent close of the market. An investor can expect a potential return of 49.25% based on the average SYBT price forecast.
Analyzing the SYBT fundamentals
Stock Yards Bancorp Inc [NASDAQ:SYBT] reported sales of 438.74M for the trailing twelve months, which represents a growth of 24.70%. Gross Profit Margin for this corporation currently stands at -4.4% with Operating Profit Margin at -4.87%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is -0.94. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.46.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 47.40 points at the first support level, and at 45.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.74, and for the 2nd resistance point, it is at 50.57.
Stock Yards Bancorp Inc [SYBT] reported earnings per share of $0.82 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.86/share, meaning a difference of -$0.04 and a surprise factor of -4.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.92 per share as compared to estimates of $0.9 per share, a difference of $0.02 representing a surprise of 2.20%.
Ratios To Look Out For
For context, Stock Yards Bancorp Inc’s Current Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 3.27, the price to book ratio is 1.67 and price to earnings (TTM) ratio is 13.32.
Transactions by insiders
Recent insider trading involved Arvin Shannon Bishop, Director, that happened on Mar 27 ’24 when 200.0 shares were purchased. Director, HEINTZMAN DAVID P completed a deal on Feb 15 ’24 to sell 3000.0 shares. Meanwhile, Sr. Executive Vice President THOMPSON KATHY C sold 4000.0 shares on Dec 21 ’23.
