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LOUISVILLE, KY—Michael Croce, Executive Vice President at Stock Yards Bancorp, Inc. (NASDAQ:SYBT), a $2.3 billion regional bank that has shown impressive momentum with a 71% return over the past year, recently sold a significant portion of the company’s common stock. On June 10, Croce sold 4,100 shares at an average price of $77.062 per share, amounting to a total transaction value of $315,954. Following this sale, Croce holds 24,600 shares directly. This transaction was disclosed in a filing with the Securities and Exchange Commission. The stock, currently trading near its 52-week high, has caught analysts’ attention with targets ranging from $76 to $81. According to InvestingPro, the company has maintained 37 consecutive years of dividend payments and raised dividends for 15 straight years, demonstrating strong shareholder returns. For more detailed analysis and additional insights, subscribers can access 10+ more exclusive ProTips on the platform.
In other recent news, Stock Yards Bancorp reported financial results that exceeded expectations for the first quarter of 2025. The company saw growth in both earnings per share and pre-provision net revenue, partly due to interest recoveries totaling $0.6 million, which improved the net interest margin. Additionally, the company experienced an annualized growth in loans and deposits by 8% and 7%, respectively. Stock Yards Bancorp’s expansion efforts included opening a new branch in the Indian market, and a notable reduction in nonperforming assets by 27% contributed to a strong financial position.
Stephens analysts responded to these developments by raising the price target for Stock Yards Bancorp to $80, while maintaining an Equal Weight rating. They also revised their 2026 earnings per share estimate to $4.55, up from $4.50, reflecting confidence in the company’s consistent performance. In corporate governance news, Stock Yards Bancorp held its 2025 Annual Meeting of Shareholders, where all nominated directors were elected and executive compensation was approved. The meeting demonstrated strong shareholder support, with over 18 million votes in favor of the board nominees.
These recent developments highlight Stock Yards Bancorp’s strategic growth initiatives and financial health, positioning the company for potential future opportunities in the banking sector.
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