Stock Yards Bancorp (NASDAQ:SYBT) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Stock Yards Bancorp (NASDAQ:SYBT) announced its earnings results on Wednesday. The bank reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.07, FiscalAI reports. The business had revenue of $120.32 million during the quarter, compared to the consensus estimate of $119.31 million. Stock Yards Bancorp had a net margin of 25.41% and a return on equity of 13.39%.

Stock Yards Bancorp Trading Up 2.4%

SYBT traded up $1.86 on Thursday, hitting $78.67. 19,844 shares of the company were exchanged, compared to its average volume of 165,999. The stock has a market capitalization of $2.44 billion, a PE ratio of 15.66 and a beta of 0.74. The firm has a fifty day simple moving average of $78.42 and a two-hundred day simple moving average of $73.70. Stock Yards Bancorp has a 12 month low of $61.51 and a 12 month high of $89.21. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.01 and a current ratio of 1.01.

Stock Yards Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, September 21st were given a dividend of $0.33 per share. The ex-dividend date was Monday, September 21st. This is a positive change from Stock Yards Bancorp’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a yield of 1.7%. Stock Yards Bancorp’s dividend payout ratio (DPR) is currently 26.29%.

Stock Yards Bancorp News Summary

Here are the key news stories impacting Stock Yards Bancorp this week:

• Positive Sentiment: Record profitability: Third-quarter net income reached a record $43.5 million, or $1.40 per diluted share, up from $1.23 a year earlier and above analyst estimates of $1.33-$1.34. The earnings beat indicates stronger-than-expected operating performance. Stock Yards Bancorp Reports Record Third Quarter Earnings
• Positive Sentiment: Revenue also beat expectations: Revenue was $120.32 million versus the $119.31 million consensus estimate. The combination of revenue and EPS beats may be encouraging investors that earnings momentum remains intact. Stock Yards Bank Beats Q3 2026 Sales Expectations
• Positive Sentiment: Improving banking fundamentals: Management highlighted net interest margin expansion and record non-interest income, suggesting improved profitability from lending operations and fee-based businesses. The company reported a 25.41% net margin and 13.39% return on equity. Stock Yards Bancorp Q3 Earnings on Margin Expansion
• Neutral Sentiment: SYBT opened near its 50-day moving average but remains below its 12-month high of $89.21. With a price-to-earnings ratio of about 15.5, investors may continue weighing the earnings momentum against the valuation and broader interest-rate outlook.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings upgraded shares of Stock Yards Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 6th. Hovde Group lowered shares of Stock Yards Bancorp from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $82.00 to $90.00 in a report on Thursday, July 30th. Wall Street Zen upgraded shares of Stock Yards Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Raymond James Financial started coverage on shares of Stock Yards Bancorp in a research note on Wednesday, July 8th. They issued a “hold” rating for the company. Finally, Piper Sandler reissued a “neutral” rating and issued a $87.00 price objective (down from $90.00) on shares of Stock Yards Bancorp in a report on Thursday. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Stock Yards Bancorp currently has a consensus rating of “Hold” and an average price target of $89.50.

Stock Yards Bancorp Company Profile

Stock Yards Bancorp, Inc (NASDAQ:SYBT) is a financial holding company headquartered in Louisville, Kentucky. It is the parent company of Stock Yards Bank & Trust Company, a full-service community bank founded in 1904.

Through Stock Yards Bank & Trust, the company provides commercial and retail banking services to individuals, businesses, and institutions. Its offerings include deposit accounts, commercial and consumer lending, residential mortgage lending, treasury management, online and mobile banking, and other traditional banking products.

The company also provides wealth management, trust, investment management, and brokerage services.