
SYBT Stock Forecast & Price Target
SYBT Analyst Ratings
Bulls say
Stock Yards Bancorp Inc has demonstrated a robust financial position, highlighted by strengthening capital ratios including a CET1 of 11.3% and a tier-1 leverage ratio of 10.2%, indicating enhanced stability and risk management. The bank's net interest margin (NIM) increased to 3.53%, complementing a notable rise in end-of-period total and average deposits by 12% and 14% respectively, driven by a successful certificate of deposit campaign. Additionally, a 6% quarter-over-quarter growth in pre-provision net revenue (PPNR), alongside strong profitability metrics of 1.5% ROA and 20.4% ROTCE in Q2, underscores the bank's effective operational efficiency and revenue generation capabilities.
Bears say
Stock Yards Bancorp Inc. has observed a decrease in its Allowance for Credit Losses (ACL) to 1.32% of loans due to strong loan growth, indicating potential concerns regarding credit risk management as the ACL coverage on Non-Performing Loans (NPLs) has also fallen to 5.0x from 5.5x. Key risk factors impacting the bank's earnings outlook include anticipated reduced loan demand, margin pressure, and softening fee income, which could negatively influence profitability. Furthermore, the potential for increased credit costs may exacerbate these challenges, suggesting that the bank's financial stability could be at risk if loan growth does not continue to meet prior levels.
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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