SYBT Stock Yards Bancorp Inc

This article focuses on Stock Yards Bank (NASDAQ:SYBT) in the context of regional bank stock performance during Q3. It indicates that further details would be provided, likely including earnings or operational highlights for the bank.

This article reviews the Q3 earnings season for regional banks, highlighting Stock Yards Bank (NASDAQ:SYBT) as a strong performer with increased revenues and loan growth. It also notes Customers Bancorp (NYSE:CUBI) for its impressive revenue beat, while The Bancorp (NASDAQ:TBBK) was identified as having the weakest performance against analyst estimates. The piece concludes with a brief market update discussing the impact of Fed rate hikes, recent rate cuts, and the U.S. Presidential Election on stock market performance.

Stock Yards Bancorp (SYBT) has shown recent share price stability, and its current valuation warrants a closer look. Despite a softer 90-day performance, the stock has gained 6.22% in the last month and delivered an 88.27% 5-year total shareholder return. The company's 14.9x Price-to-Earnings ratio appears attractive compared to some peers, and a Discounted Cash Flow model suggests a fair value significantly higher than its current share price.

Squarepoint Ops LLC drastically increased its holding in Stock Yards Bancorp, Inc. (NASDAQ:SYBT) by 412.3% in Q2, acquiring 25,845 additional shares to reach a total of 32,114 shares valued at $2.54 million. This move coincides with an insider purchase by Director David L. Hardy and strong institutional ownership of 56.46%. Stock Yards Bancorp has also reported solid quarterly earnings, beating estimates, and declared a quarterly dividend of $0.32, with analysts maintaining a "Hold" rating and a consensus price target of $83.67.

Stock Yards Bancorp (SYBT) has exhibited share price stability, prompting a re-evaluation of its valuation and earnings. The article examines the company's Price-to-Earnings ratio of 14.9x, suggesting it may be undervalued compared to peers despite appearing richer than the broader US banks industry average. A Discounted Cash Flow (DCF) model also indicates a potential undervaluation, with a fair value near $103.19 against the current share price of $68.27.

Stock Yards Bank & Trust is expanding into the Bowling Green market, a move the Louisville-based bank has considered for over a decade. Rick Seadler, formerly with Pinnacle, has been hired as the Bowling Green market president to spearhead this expansion into the rapidly growing area.