
SYBT Stock Forecast & Price Target
SYBT Analyst Ratings
Bulls say
Stock Yards Bancorp Inc. has demonstrated improving capital ratios, with CET1, tier-1 capital, TRBC, and tier-1 leverage strengthening sequentially, indicating solid financial health and resilience. The bank also reported a notable increase in net interest margin (NIM) to 3.53%, alongside a significant rise in total and average deposits driven by a successful CD campaign, showcasing effective asset growth strategies. Coupled with controlled expenses and a 6% quarter-over-quarter growth in pre-provision net revenue (PPNR), Stock Yards Bancorp's profitability metrics, highlighted by a return on assets (ROA) of 1.5% and return on tangible common equity (ROTCE) of 20.4%, reinforce a positive outlook for the institution's financial performance.
Bears say
Stock Yards Bancorp's potential for continued earnings growth may be hindered by a forecasted slowdown in loan demand, following a period of strong loan growth, which could adversely affect revenues. The bank's Allowance for Credit Losses (ACL) coverage ratio on non-performing loans has decreased to 5.0x, indicating a reduction in their ability to absorb potential loan losses, albeit remaining above many peers. Additionally, the potential for margin pressure, softening fee income, and elevated credit costs could further complicate the bank's financial trajectory, solidifying a negative outlook.
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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