Stock Yards Bancorp Inc (NASDAQ: SYBT) has reported earnings for its first fiscal quarter (ending March 31) of $0.89 versus $1.00 for the same period a year ago. E.P.S. were $3.59 for the latest four quarters through March 31 versus $3.92 for the same period a year ago.
Recent Price Action
Stock Yards Bancorp Inc (NASDAQ: SYBT) stock enjoyed a very large increase of 5.3% on 4/24/24. The shares closed at $48.11. Moreover, above average trading volume at 138% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 11.9% during the last week.
Current PriceTarget Research Rating
SYBT is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Stock Yards Bancorp has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Stock Yards Bancorp has a slightly positive Appreciation Score of 63 and a slightly positive Power Rating of 68, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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