SYBT Stock Overview
Stock Yards Bancorp, Inc. operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States.
Stock Yards Bancorp Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$59.48|
|52 Week High||US$67.40|
|52 Week Low||US$45.92|
|1 Month Change||1.05%|
|3 Month Change||10.60%|
|1 Year Change||17.50%|
|3 Year Change||64.04%|
|5 Year Change||48.70%|
|Change since IPO||4,117.82%|
Recent News & Updates
|SYBT||US Banks||US Market|
Return vs Industry: SYBT exceeded the US Banks industry which returned -17.7% over the past year.
Return vs Market: SYBT exceeded the US Market which returned -18.4% over the past year.
|SYBT Average Weekly Movement||3.8%|
|Banks Industry Average Movement||3.8%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.6%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: SYBT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SYBT's weekly volatility (4%) has been stable over the past year.
About the Company
Stock Yards Bancorp, Inc. operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T. The Commercial Banking segment offers mortgage banking and deposit services; retail, commercial, and commercial real estate lending services; and online banking, mobile banking, private banking, leasing, treasury management, merchant, international banking, correspondent banking, and other banking services.
Stock Yards Bancorp Fundamentals Summary
|SYBT fundamental statistics|
Is SYBT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SYBT income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||2.05|
|Net Profit Margin||24.02%|
How did SYBT perform over the long term?See historical performance and comparison
1.9%Current Dividend Yield
Is SYBT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SYBT?
Other financial metrics that can be useful for relative valuation.
|What is SYBT's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does SYBT's PE Ratio compare to its peers?
|SYBT PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
NWBI Northwest Bancshares
VBTX Veritex Holdings
HTLF Heartland Financial USA
EFSC Enterprise Financial Services
SYBT Stock Yards Bancorp
Price-To-Earnings vs Peers: SYBT is expensive based on its Price-To-Earnings Ratio (29x) compared to the peer average (10.7x).
Price to Earnings Ratio vs Industry
How does SYBT's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: SYBT is expensive based on its Price-To-Earnings Ratio (29x) compared to the US Banks industry average (9.6x)
Price to Earnings Ratio vs Fair Ratio
What is SYBT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||29x|
|Fair PE Ratio||19.7x|
Price-To-Earnings vs Fair Ratio: SYBT is expensive based on its Price-To-Earnings Ratio (29x) compared to the estimated Fair Price-To-Earnings Ratio (19.7x).
Share Price vs Fair Value
What is the Fair Price of SYBT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SYBT ($59.48) is trading below our estimate of fair value ($92.88)
Significantly Below Fair Value: SYBT is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: SYBT is good value based on its PEG Ratio (0.9x)
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How is Stock Yards Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SYBT's forecast earnings growth (32.4% per year) is above the savings rate (1.9%).
Earnings vs Market: SYBT's earnings (32.4% per year) are forecast to grow faster than the US market (13.9% per year).
High Growth Earnings: SYBT's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SYBT's revenue (13.8% per year) is forecast to grow faster than the US market (8.4% per year).
High Growth Revenue: SYBT's revenue (13.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SYBT's Return on Equity is forecast to be high in 3 years time
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How has Stock Yards Bancorp performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SYBT has a large one-off loss of $38.7M impacting its March 31 2022 financial results.
Growing Profit Margin: SYBT's current net profit margins (24%) are lower than last year (37.9%).
Past Earnings Growth Analysis
Earnings Trend: SYBT's earnings have grown by 10.5% per year over the past 5 years.
Accelerating Growth: SYBT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SYBT had negative earnings growth (-12.4%) over the past year, making it difficult to compare to the Banks industry average (20.7%).
Return on Equity
High ROE: SYBT's Return on Equity (7.9%) is considered low.
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How is Stock Yards Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: SYBT's Assets to Equity ratio (10.2x) is moderate.
Allowance for Bad Loans: SYBT has a sufficient allowance for bad loans (524%).
Low Risk Liabilities: 96% of SYBT's liabilities are made up of primarily low risk sources of funding.
Loan Level: SYBT has an appropriate level of Loans to Assets ratio (61%).
Low Risk Deposits: SYBT's Loans to Deposits ratio (71%) is appropriate.
Level of Bad Loans: SYBT has an appropriate level of bad loans (0.3%).
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What is Stock Yards Bancorp current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SYBT's dividend (1.88%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: SYBT's dividend (1.88%) is low compared to the top 25% of dividend payers in the US market (4.23%).
Stability and Growth of Payments
Stable Dividend: SYBT's dividends per share have been stable in the past 10 years.
Growing Dividend: SYBT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (48.3%), SYBT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ja Hillebrand (53 yo)
Mr. James A. Hillebrand, also known as Ja, has been Chairman of Stock Yards Bancorp, Inc. and Stock Yards Bank & Trust Company since January 1, 2021. Mr. Hillebrand has been Chief Executive Officer of Stoc...
CEO Compensation Analysis
Compensation vs Market: Ja's total compensation ($USD1.55M) is below average for companies of similar size in the US market ($USD5.46M).
Compensation vs Earnings: Ja's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: SYBT's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: SYBT's board of directors are considered experienced (8.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SYBT insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.9%.
Stock Yards Bancorp, Inc.'s employee growth, exchange listings and data sources
- Name: Stock Yards Bancorp, Inc.
- Ticker: SYBT
- Exchange: NasdaqGS
- Founded: 1904
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$1.738b
- Shares outstanding: 29.22m
- Website: https://www.syb.com
Number of Employees
- Stock Yards Bancorp, Inc.
- 1040 East Main Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/27 00:00|
|End of Day Share Price||2022/06/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.