Stock Yards Bancorp (SYBT) AI Stock Analysis

• Market Cap: $1.88B
• Dividend Yield: 1.92%
• Average Volume (3M): 107.23K
• Price to Earnings (P/E): 16.4
• Beta (1Y): 1.17
• Revenue Growth: 15.78%
• EPS Growth: 6.02%
• Country: US
• Employees: 1,080
• Sector: Financial
• Sector Strength: 86
• Industry: Banks - Regional
• EPS (TTM): 3.89
• Shares Outstanding: 29,464,632
• 10 Day Avg. Volume: 130,347
• 30 Day Avg. Volume: 107,229
• PEG Ratio: 2.73
• Price to Book (P/B): N/A
• Price to Sales (P/S): 5.90
• Price to Cash Flow (P/CF): 26.90
• P/FCF Ratio: 4.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $82.50
• Price Target Upside: 29.07% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

Stock Yards Bancorp displays a mixed outlook with solid financial performance driven by strong revenue growth and a healthy balance sheet. However, technical indicators suggest some short-term bearish sentiment, and the valuation appears reasonable but not overly attractive. The absence of recent earnings call insights and significant corporate events limits additional context for future performance expectations.

Positive Factors

Financial Performance

Stock Yards delivered peer-leading year-to-date financial results, with EPS and PPNR exceeding consensus expectations.

Loan and Deposit Growth

Year-to-date loan growth of 8.8% at Stock Yards is more than double that of peers, and deposit trends also outperformed.

Negative Factors

Valuation Concerns

Stock Yards' P/E ratio is currently high, trading at the 83rd percentile of its valuation range, which suggests caution in future valuation forecasting.

Stock Yards Bancorp Business Overview & Revenue Model

Company Description

Stock Yards Bancorp, Inc. (SYBT) is a financial holding company headquartered in Louisville, Kentucky. The company operates primarily through its subsidiary, Stock Yards Bank & Trust Company, providing a comprehensive range of banking and financial services. Stock Yards Bancorp serves both individual and business clients with products including commercial and personal banking, wealth management, investment services, and mortgage lending. The bank has a strong regional presence with numerous branches across Kentucky, Indiana, and Ohio.

How the Company Makes Money

Stock Yards Bancorp generates revenue through a diversified range of financial services. Its primary revenue streams include interest income from loans and leases, which encompass commercial, real estate, and consumer lending. The company also earns non-interest income through service charges on deposit accounts, wealth management fees, investment advisory services, and fees from mortgage origination and servicing. Additionally, Stock Yards Bancorp benefits from its strategic focus on community banking, which fosters strong customer relationships and local market expertise. The company's financial performance is supported by prudent risk management and a diversified portfolio of financial products tailored to meet the needs of its clients.

Stock Yards Bancorp Financial Statement Overview

Summary

Stock Yards Bancorp shows a solid performance overall, with strong revenue growth and a healthy balance sheet with no debt in 2024. The income statement reflects improving profitability despite some inconsistencies. Cash flow generation is generally positive, but the company should focus on maintaining steady free cash flow growth to sustain long-term investments and expansion opportunities.

Income Statement

Stock Yards Bancorp has demonstrated a strong revenue growth trajectory, with significant growth from $185.21M in 2020 to $412.88M in 2024. However, the gross profit margin is inconsistent, with a major negative gross profit recorded in 2023, likely due to extraordinary items. The EBIT margin shows improvement, with a strong TTM EBIT margin of 73.89%. The net profit margin remains stable but slightly lower due to higher expenses in recent years.

Balance Sheet

The balance sheet is robust with no total debt recorded in 2024, indicating a strong equity position. The equity ratio has improved over the years, reaching 10.61% in 2024, suggesting a stable financial structure. Return on Equity (ROE) is healthy, reflecting efficient management of shareholders' equity. However, equity growth could be stronger.

Cash Flow

The cash flow statement shows fluctuating free cash flow, with significant growth in 2024. Operating cash flow to net income ratio indicates efficient cash generation from operations, though free cash flow growth has been inconsistent. The company needs to maintain positive cash flow trends to support its growth trajectory.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
412.88M	324.46M	311.90M	232.06M	185.21M
	Gross Profit
412.88M	-6.58B	311.90M	232.06M	185.21M
	EBIT
305.11M	-6.65B	138.43M	95.40M	67.74M
	EBITDA
0.00	0.00	132.53M	101.06M	77.51M
	Net Income Common Stockholders
114.54M	107.75M	92.97M	74.64M	58.87M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.07B	265.96M	1.23B	1.24B	630.16M
	Total Assets
8.86B	8.17B	7.50B	6.65B	4.61B
	Total Debt
326.81M	226.74M	76.34M	102.25M	31.64M
	Net Debt
247.88M	132.27M	-6.17M	39.94M	-11.54M
	Total Liabilities
7.92B	7.31B	6.74B	300.00K	4.17B
	Stockholders Equity
940.48M	858.10M	760.43M	675.87M	440.70M
Cash Flow		Free Cash Flow
36.72M	98.97M	90.30M	97.52M	71.67M
	Operating Cash Flow
36.72M	106.70M	108.74M	102.10M	77.13M
	Investing Cash Flow
-677.06M	-424.05M	-384.43M	-78.87M	-804.72M
	Financing Cash Flow
559.25M	415.94M	-518.14M	620.02M	795.81M

Stock Yards Bancorp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 63.92
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SYBT, the sentiment is Negative. The current price of 63.92 is below the 20-day moving average (MA) of 67.66, below the 50-day MA of 70.43, and below the 200-day MA of 65.74, indicating a bearish trend. The MACD of -0.62 indicates Negative momentum. The RSI at 44.67 is Neutral, neither overbought nor oversold. The STOCH value of 27.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SYBT.

Stock Yards Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NBTB	73 Outperform	$1.83B	13.04	9.53%	3.46%	18.58%	11.39%
HTH	68 Neutral	$1.82B	16.11	5.25%	2.46%	1.39%	3.30%
PPBI	66 Neutral	$1.82B	11.36	5.34%	7.05%	26.76%	455.85%
FBK	66 Neutral	$1.90B	16.48	7.68%	1.72%	1.71%	-3.44%
Sector *	64 Neutral	$13.21B	9.26	9.39%	4.87%	16.14%	-8.87%
TRMK	61 Neutral	$2.00B	10.05	2.68%	2.83%	-11.99%	-103.10%
SYBT	60 Neutral	$1.88B	16.42	12.74%	1.92%	15.78%	6.02%