SYBT Intrinsic Value Calculation – Stock Yards Bancorp Hits Record High in Trading, Continuing Strong Year for Company

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Stock Yards Bancorp ($NASDAQ:SYBT), Inc. is a publicly traded bank holding company based in Louisville, Kentucky. It offers a full range of banking services including personal and business banking, wealth management, and mortgage lending. Its stock is listed on the NASDAQ under the ticker symbol SYBT. The recent surge in Stock Yards Bancorp’s stock price has been met with excitement from investors and analysts alike. On Tuesday, the company hit a new 52-week high during mid-day trading, reaching a record high for the past year. This achievement is a testament to the company’s strong performance and continued growth in the market. One of the key factors contributing to Stock Yards Bancorp’s success is its strategic focus on expanding its customer base and diversifying its revenue streams. The company has made several acquisitions in recent years, allowing it to enter new markets and offer a wider range of products and services. This has not only increased its overall market share but also improved its financial stability and profitability.

Moreover, Stock Yards Bancorp’s conservative approach to risk management and sound business practices have also played a significant role in its continued success. The company has maintained strong credit quality and a low level of nonperforming assets, which has instilled confidence in investors and helped to drive up its stock price. Looking ahead, Stock Yards Bancorp shows no signs of slowing down. The company’s strong financial performance and solid management team make it well-positioned for continued growth and success in the future. Its recent record high in trading is just one example of the company’s strong year and reflects the confidence that investors have in its potential. With its solid financials, strategic acquisitions, and commitment to sound business practices, the company is well on its way to becoming one of the top-performing banks in the region. As such, it remains a promising investment option for those looking to add stability and growth potential to their portfolio.

Market Price

Stock Yards Bancorp had a strong showing in trading on Wednesday, with its stock hitting a record high and continuing a successful year for the company. The stock opened at $76.35 and closed at $75.23, slightly down by 0.32% from the previous day’s closing price of $75.47. Stock Yards Bancorp has seen steady growth throughout the year, reflecting its solid financial standing and market position. The company’s success can be attributed to several factors, including its strong financial management, strategic acquisitions, and expansion into new markets.

Additionally, its focus on providing exceptional customer service and maintaining strong relationships with its clients has helped drive its growth. Stock Yards Bancorp has also been able to weather the challenges of the past year, thanks to its strong balance sheet and proactive measures taken by the company to mitigate any potential risks. This has instilled confidence in investors and contributed to the company’s strong stock performance. Looking ahead, Stock Yards Bancorp shows no signs of slowing down. With a solid foundation and a proven track record of success, the company is well-positioned for continued growth in the future. Investors can expect to see continued positive performance from this thriving company. The company’s success can be attributed to its strategic management, customer-centric approach, and ability to adapt to changing market conditions. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for SYBT. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for SYBT. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for SYBT. More…

Key Ratios Snapshot

Some of the financial key ratios for SYBT are shown below. More…

Analysis – SYBT Intrinsic Value Calculation

As a financial analysis firm, GoodWhale has thoroughly examined the financials of STOCK YARDS BANCORP and we have some key insights to share. After carefully reviewing their financial statements, we have determined that the fair value of STOCK YARDS BANCORP’s share is approximately $63.7. This valuation was calculated using our proprietary Valuation Line, which takes into account various financial metrics and market trends. According to our analysis, the current market price for STOCK YARDS BANCORP’s stock is $75.23. This means that the stock is currently overvalued by 18.0%, based on our fair value calculation. This indicates that investors are paying more for the stock than what it is truly worth. As a result, we would recommend caution when considering investing in STOCK YARDS BANCORP at its current price. It’s important to note that our valuation is not a guaranteed indicator of future performance or stock prices. However, it does provide valuable insights into the potential value of STOCK YARDS BANCORP’s stock and can be used as a tool in making investment decisions. In conclusion, our analysis shows that STOCK YARDS BANCORP’s stock may be overvalued at its current market price. We believe that investors should carefully consider the fair value of the stock before making any investment decisions. As always, we recommend conducting thorough research and seeking professional advice before making any investment decisions. More…

Peers

In the banking industry, Stock Yards Bancorp Inc competes with PT Bank Mayapada Internasional Tbk, Wesbanco Inc, and Pioneer Bankcorp Inc. All four companies offer similar products and services, such as checking and savings accounts, loans, and credit cards.

However, each company differentiates itself in some way, whether it’s through customer service, interest rates, or fees.

– PT Bank Mayapada Internasional Tbk ($IDX:MAYA)

As of 2022, PT Bank Mayapada Internasional Tbk has a market cap of 8.16T. The company is a leading Indonesian bank that provides a wide range of banking products and services to personal, corporate, and institutional customers. It has a strong focus on retail and SME banking, and offers a variety of deposit, loan, and investment products. The bank has a network of over 500 branches and 4,000 ATMs across Indonesia.

– Wesbanco Inc ($NASDAQ:WSBC)

Wesbanco Inc is a regional bank holding company headquartered in Wheeling, West Virginia. As of December 31, 2019, Wesbanco operated 184 banking offices in the states of Ohio, Pennsylvania, and West Virginia. The company had $13.2 billion in assets and $9.7 billion in deposits. Wesbanco’s primary subsidiaries are Wesbanco Bank, Inc. and Union Bank, Inc.

Wesbanco Inc has a market cap of $2.32 billion as of 2022. The company operates 184 banking offices in the states of Ohio, Pennsylvania, and West Virginia. As of December 31, 2019, the company had $13.2 billion in assets and $9.7 billion in deposits.

Summary

The stock price of Stock Yards Bancorp, Inc. reached a new 52-week high during mid-day trading on Tuesday, indicating positive momentum for the company. Investors may want to take note of this development and conduct further analysis before making any investment decisions. This could include looking at the company’s financial performance, market trends, and potential for growth.

It is important to also consider factors such as industry competition and overall economic conditions. While reaching a high may be a positive sign, it is still important for investors to thoroughly evaluate all aspects of the company before making any investment decisions.