Stock Yards Bancorp (SYBT, Financial) recently received an upgraded price target from investment firm Stephens, which increased its projection to $80 from a previous $78. This adjustment follows the company's robust financial performance in the last quarter, where it surpassed earnings per share expectations.
The analyst at Stephens maintains an Equal Weight rating for SYBT, highlighting the bank's impressive results as a catalyst for potential merger and acquisition activities once market conditions stabilize. The premium valuation of Stock Yards Bancorp positions the company favorably for future growth opportunities in the banking sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Stock Yards Bancorp Inc (SYBT, Financial) is $77.40 with a high estimate of $81.00 and a low estimate of $70.00. The average target implies an upside of 2.56% from the current price of $75.47. More detailed estimate data can be found on the Stock Yards Bancorp Inc (SYBT) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Stock Yards Bancorp Inc's (SYBT, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Stock Yards Bancorp Inc (SYBT, Financial) in one year is $70.42, suggesting a downside of 6.69% from the current price of $75.47. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Stock Yards Bancorp Inc (SYBT) Summary page.
