Stock Yards Bancorp, Inc. (SYBT) stock analysis

P/E below its 5-year median

Stock Yards Bancorp's P/E of 15.2 is below its own 5-year median of 16.6.

P/E above the industry

Stock Yards Bancorp's P/E of 15.2 is above the Commercial Banks median of 12.0.

P/S above the industry

Stock Yards Bancorp's price-to-sales of 5.55 is above the Commercial Banks median of 3.61.

P/B above the industry

Stock Yards Bancorp's price-to-book of 1.94 is above the Commercial Banks median of 1.28.

Trading above fair value

The share price of $79.04 is above our fair value estimate of $71.07.

Margin of safety under 20%

The price is 11.2% above fair value, so there is no margin of safety.

Revenue growing under 10% a year

Revenue grew 7.2% a year over the last three fiscal years, short of the 10% we look for.

EPS growing 10%+ a year

Diluted EPS grew 14.0% a year over the last three fiscal years.

Earnings acceleration

Needs positive net income now, a year ago and five years ago.

Growing faster than the industry

Revenue grew 14.5% over the last twelve months; the Commercial Banks median is 11.3%.

Company guidance

No outlook found in earnings releases from the last twelve months.

Gross margin trend

Banks and insurers do not report gross profit.

Return on equity

Needs positive equity and five years of results.

Return on assets over 1%

Return on assets was 1.6%; for a bank or insurer, 1% or more is considered good.

Return on equity above the industry

Stock Yards Bancorp's return on equity of 13.6% is above the Commercial Banks median of 11.5%.

Earnings over 5 years

Needs positive net income five years ago and in the latest year.

Net margin against its history

Needs five years of revenue and net income.

Net margin above the industry

Stock Yards Bancorp's net margin of 35.5% is above the Commercial Banks median of 30.3%.

Well capitalized

Equity is 12.4% of total assets; 8% or more is a comfortable cushion.

Loans funded by deposits

Loans equal 93.9% of deposits, so lending is funded by customer deposits.

Adequate loan-loss reserve

The allowance for credit losses is 1.4% of loans; we look for at least 1%.

Efficient operations

Non-interest expense takes 53.8% of revenue; under 60% is efficient for a bank.

Deposits growing

Deposits grew 9.8% over the past year.

Borrowings

Needs debt and equity figures.

Pays a dividend

Stock Yards Bancorp paid dividends worth 1.6% of the share price over the last twelve months.

Yield below Treasuries

The 1.6% yield is below the 4.6% on a 1-year Treasury.

Yield below the top quarter

The top quarter of US dividend payers yield 3.9% or more; Stock Yards Bancorp yields 1.6%.

Dividend not cut

The dividend per share has not fallen by more than 10% in any of the last 6 fiscal years.

Covered by earnings

Dividends take 24.9% of net income.

Covered by free cash flow

Dividends take 20.1% of free cash flow.