Stock Yards Bancorp (SYBT)

• Market cap: $1.9B
• Sector: Financials
• Industry: State Commercial Banks

About: Stock Yards Bancorp Inc operates as a bank. The bank has two reportable operating segments namely Commercial Banking and Wealth Management and trust. Its services include loan and deposit services, cash management services, securities brokerage activities, mortgage origination, and others. It generates a majority of its revenue from the Commercial Banking segment.

Employees: 1,062

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

397% more call options, than puts

Call options by funds: $616K | Put options by funds: $124K

46% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 48

2% more capital invested

Capital invested by funds: $820M [Q1] → $836M (+$15.5M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

0% less ownership

Funds ownership: 57.19% [Q1] → 57.19% (-0%) [Q2]

4% less funds holding

Funds holding: 170 [Q1] → 164 (-6) [Q2]

27% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 22

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $64 1% downside
• Avg. target: $65 1% upside
• High target: $66 2% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

Piper Sandler Nathan Race 69% 1-year accuracy 11 / 16 met price target	1% upside $66	Neutral Assumed	10 Sept 2024
Stephens & Co. Terry McEvoy 89% 1-year accuracy 24 / 27 met price target	2% upside $66	Overweight Maintained	25 Jul 2024
Keefe, Bruyette & Woods Kelly Motta 73% 1-year accuracy 11 / 15 met price target	1% downside $64	Market Perform Reiterated	25 Jul 2024