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Stock Yards Bancorp Inc (NASDAQ:SYBT), with a market capitalization of $2.33 billion, has reached a significant milestone with its stock hitting an all-time high of 79.95 USD. According to InvestingPro data, the company maintains a P/E ratio of 19.08 and offers a dividend yield of 1.57%. This achievement underscores a robust performance over the past year, as the company’s stock has seen a remarkable 63.26% increase. The Louisville-based banking institution has experienced consistent growth, maintaining dividend payments for 37 consecutive years and achieving revenue growth of 8.97%. With a "GOOD" Financial Health Score and 12 additional InvestingPro Tips available, this upward trend highlights the company’s resilience and strategic positioning in the financial sector, contributing to its impressive market performance.
In other recent news, Stock Yards Bancorp reported financial results for the first quarter of 2025 that exceeded expectations. The company saw improvements in both earnings per share and pre-provision net revenue, with interest recoveries of $0.6 million positively impacting the net interest margin. Loan and deposit growth was strong, showing annualized increases of 8% and 7%, respectively. Stephens analysts responded by raising the stock’s price target to $80, while maintaining an Equal Weight rating, and revised their 2026 earnings per share estimate to $4.55. The company also held its 2025 Annual Meeting of Shareholders, where all nominated directors were elected and executive compensation was approved. A notable development is the upcoming retirement of board member David P. Heintzman, effective July 15, 2025, after 40 years of service. Additionally, Stock Yards Bancorp reduced its nonperforming assets by 27% from the previous quarter, ending at 0.18% of total assets. The company’s ongoing strategic investments, including a new branch in the Indian market, are expected to support future financial performance.
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