
SYBT Stock Forecast & Price Target
SYBT Analyst Ratings
Bulls say
Stock Yards Bancorp Inc. has demonstrated a strong capital position, with key capital ratios showing notable improvements, including a CET1 ratio of 11.3% and tier-1 capital at 11.7%, which enhances its financial stability. The company's revenue from the Commercial Banking segment, coupled with a strong net interest margin (NIM) of 3.53%, indicates effective management of interest income and operational efficiency. Additionally, a significant increase in deposits by 12% over the last quarter, paired with controlled expenses leading to a 6% growth in PPNR, fosters a positive outlook for the bank's ongoing profitability and growth potential.
Bears say
Stock Yards Bancorp has experienced strong loan growth; however, the allowance for credit losses (ACL) decreased to 1.32% of loans, indicating potential vulnerability in loan performance despite the current coverage being above peers. Additionally, the decline in ACL coverage on non-performing loans (NPLs) to 5.0x raises concerns regarding the adequacy of reserves to cover credit risks as market conditions fluctuate. Lastly, the bank faces several risk factors, including reduced loan demand, margin pressure, and increasing credit costs, which suggest that its earnings outlook could be adversely impacted 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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