Keefe, Bruyette & Woods Maintains Stock Yards Bancorp (SYBT) Market Perform Recommendation

Fintel reports that on April 6, 2023,
Keefe, Bruyette & Woods
maintained
coverage of Stock Yards Bancorp (NASDAQ:SYBT) with
a Market Perform recommendation.

Analyst Price Forecast Suggests 23.09% Upside

As of April 6, 2023,
the average one-year price target for Stock Yards Bancorp is $65.08.
The forecasts range from a low of $55.55 to a high of $71.40.
The average price target represents an increase of 23.09% from its latest reported closing price of $52.87.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Stock Yards Bancorp
is $358MM, an increase of 15.19%.

The projected annual non-GAAP EPS
is $4.00.

What are Other Shareholders Doing?

AE Wealth Management
holds 8K shares
representing 0.03% ownership of the company.

PACIFIC SELECT FUND – Small-Cap Index Portfolio Class I
holds 8K shares
representing 0.03% ownership of the company.

In it’s prior filing, the firm reported owning 8K shares, representing
a decrease
of 0.27%.

The firm

decreased

its portfolio allocation in SYBT by 9.26% over the last quarter.

VARIABLE INSURANCE PRODUCTS FUND II – Total Market Index Portfolio Initial Class
holds 0K shares
representing 0.00% ownership of the company.

In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 6.28%.

The firm

decreased

its portfolio allocation in SYBT by 1.38% over the last quarter.

Russell Investments Group
holds 0K shares
representing 0.00% ownership of the company.

No change in the last quarter.

Champlain Investment Partners
holds 47K shares
representing 0.16% ownership of the company.

In it’s prior filing, the firm reported owning 436K shares, representing
a decrease
of 832.86%.

The firm

decreased

its portfolio allocation in SYBT by 99.99% over the last quarter.

What is the Fund Sentiment?

There are 367 funds or institutions reporting positions in Stock Yards Bancorp.

This is an increase
of
15
owner(s) or 4.26% in the last quarter.

Average portfolio weight of all funds dedicated to SYBT is 0.17%,
a decrease
of 23.16%.

Total shares owned by institutions decreased
in the last three months by 0.98% to 18,835K shares.

Stock Yards Bancorp Background Information
(This description is provided by the company.)

Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $4.6 billion in assets, was incorporated in 1988 as a bank holding company. It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904.

See all Stock Yards Bancorp regulatory filings.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.