
SYBT Stock Forecast & Price Target
SYBT Analyst Ratings
Bulls say
Stock Yards Bancorp Inc. has demonstrated robust financial health, with strengthening capital ratios, including a 11.3% CET1 and increased tier-1 leverage, reflecting the bank's solid capital position. The company experienced a notable growth in deposits, with end-of-period total and average deposits rising by 12% and 14% quarter-over-quarter, driven by a successful certificate of deposit campaign. Additionally, profitability metrics are strong, illustrated by a return on assets (ROA) of 1.5% and a return on tangible common equity (ROTCE) of 20.4% in the second quarter, indicating efficient management and effective revenue generation.
Bears say
Stock Yards Bancorp has experienced a decline in its Allowance for Credit Losses (ACL) to 1.32% of loans, reflecting potential vulnerabilities in credit quality amid strong loan growth. Additionally, the ACL coverage on non-performing loans has decreased to 5.0x, suggesting a reduction in the buffer against default risks, despite remaining above many peers. The bank faces significant risks from projected reductions in loan demand, potential margin pressure, and increasing credit costs, which could negatively impact future earnings.
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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