SYBT
Stock Yards Bancorp, Inc.Financial Services·Banks - Regional
$71.74
$2.1B market cap
Revenue
$288.5M
Free Cash Flow
$57.0M
Rev Growth
+0.0%
FCF Margin
19.8%
P/FCF
37.1x
EV/FCF
33.8x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Stock Yards Bancorp, Inc. operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States. It operates in two segments, Commercial Banking, and WM&T. The Commercial Banking segment offers mortgage banking and deposit services; retail, commercial, and commercial real estate lending services; and online banking, mobile banking, private banking, leasing, treasury management, merchant, internat
2-Year Price History
$71.22+61.0%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 142.2 | 46.2 | 46.2 | 36.6 | 12.3 | 9.5 | -2.7 | 609.1 | 421.7 | 29.5 | 18.5% | 1.2x | -- |
| Act | 2025-Q4 | 146.3 | 47.9 | 47.9 | 36.6 | 52.1 | 47.5 | -4.6 | 82.7 | 446.6 | 29.5 | 18.4% | 1.1x | -- |
Valuation & Metrics
Market Stats
Price$71.74
Market Cap$2.1B
Enterprise Value$1.9B
P/S Ratio7.3x
P/FCF37.1x
EV/FCF33.8x
FCF Margin (TTM)19.8%
FCF Yield2.7%
Dividend Yield (TTM)2.2%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$288.5M
Net Income$73.2M
Free Cash Flow$57.0M
Revenue Growth (YoY)+0.0%
EBITDA Margin32.6%
Net Margin25.4%
FCF Margin19.8%
CapEx % of Revenue2.5%
SBC % of Revenue0.8%
ROIC18.4%
WC Change % Rev0.1%
Interest Coverage1.2x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares1.6M
Days to Cover10.2
Change (vs Prior)-6.2%
Need at least 2 settlement dates for chart
Employees
Headcount1,089
Revenue / Employee$264,936
Gross Profit / Employee$187,436
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
37.3%(-0.6% YoY)
221 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
20.8%(-0.7% YoY)
11 filers
Vanguard, iShares, SPDR
Market makers
0.5%(+0.1% YoY)
6 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $129M | $60.44 | +$1.6M | −$4.1M | -0.2% | $5.69T |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $88.0M | $76.03 | −$4.0M | +$3.2M | -0.8% | $34.05B |
| STOCK YARDS BANK & TRUST CO | $87.4M | $58.43 | −$1.3M | +$18.7M | -0.2% | $3.21B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $77.3M | $66.29 | +$77.3M | +$77.3M | — | $4.04T |
| Neuberger Berman Group LLC | $68.6M | $62.25 | −$2.3M | −$33.0M | -0.3% | $131.37B |
| STATE STREET CORPPassive | $64.2M | $59.79 | +$4.1M | +$13.0M | -0.2% | $2.89T |
| VICTORY CAPITAL MANAGEMENT INC | $62.6M | $66.05 | −$7.7M | −$27.4M | -0.2% | $156.12B |
| DIMENSIONAL FUND ADVISORS LPPassive | $58.3M | $48.38 | −$939K | −$3.7M | -0.4% | $480.92B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $44.6M | $56.99 | +$1.5M | +$1.6M | +2.3% | $1.61T |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $30.8M | $66.29 | +$30.8M | +$30.8M | — | $1.91T |
| GOLDMAN SACHS GROUP INC | $21.7M | $54.49 | +$12.6M | +$12.9M | -0.2% | $760.93B |
| RMB Capital Management, LLC | $21.4M | $49.67 | +$2.0M | +$4.3M | +0.2% | $5.56B |
| Champlain Investment Partners, LLC | $21.4M | $46.05 | −$5.7M | −$30.9M | -2.5% | $7.75B |
| MORGAN STANLEY | $21.0M | $59.07 | −$4.2M | −$10.4M | -0.3% | $1.65T |
| NORTHERN TRUST CORPPassive | $16.8M | $60.65 | +$245K | −$902K | -0.2% | $755.34B |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $14.9M | $60.98 | −$151K | +$412K | +0.7% | $645.81B |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $13.8M | $67.82 | −$170K | −$1.2M | -0.2% | $113.45B |
| MARSHALL WACE, LLP | $12.8M | $55.75 | +$1.0M | +$12.8M | +0.6% | $92.71B |
| AMERIPRISE FINANCIAL INC | $12.8M | $51.68 | −$6K | −$1.3M | -0.1% | $430.96B |
| Aptus Capital Advisors, LLC | $12.6M | $63.72 | +$127K | +$2.8M | -0.1% | $11.84B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.30%
avg per quarter
Holders (ex-self)
-0.30%
excl. this stock
Buyers (this Q)
-0.28%
102 buyers · $0.21B in
Sellers (this Q)
-0.47%
81 sellers · $0.04B out
alpha coverage: 90% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+11.7%
how holders react when this stock falls
On quiet Qs
-3.1%
−10% to +10% baseline
On rallies (+10%+)
-3.2%
how they react when this stock rises
Holders' portfolio flow this Q
+0.4%
inflows — adds are organic
Sellers' portfolio flow this Q
-1.3%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-3.4%
Holder mid (any stock)
-1.1%
Holder rally (any stock)
-4.4%
Biggest decreases this quarter
VICTORY CAPITAL MANAGEMENT INC−$7.7Mα-0.2Champlain Investment Partners, LLC−$5.7Mα-2.5MORGAN STANLEY−$4.2Mα-0.3KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC−$4.0Mα-0.8Neuberger Berman Group LLC−$2.3Mα-0.3PRINCIPAL FINANCIAL GROUP INCexited−$1.7MSTOCK YARDS BANK & TRUST CO−$1.3Mα-0.2Beacon Pointe Advisors, LLCexited−$1.1MDIMENSIONAL FUND ADVISORS LP−$939Kα-0.4Aquatic Capital Management LLCexited−$763K
New buyers this quarter
Top-5 holders · 36.6%
BlackRock, Inc.--
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC--
STOCK YARDS BANK & TRUST CO--
VANGUARD CAPITAL MANAGEMENT LLC--
Neuberger Berman Group LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Neuberger Berman Group LLC1.0MKAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC1.3MVICTORY CAPITAL MANAGEMENT INC944KSTOCK YARDS BANK & TRUST CO1.3MChamplain Investment Partners, LLC322KCHARLES SCHWAB INVESTMENT MANAGEMENT INC224KMORGAN STANLEY316KMANUFACTURERS LIFE INSURANCE COMPANY, THE207KGOLDMAN SACHS GROUP INC328KRMB Capital Management, LLC321K
Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (2 analysts)$76.50660.0%
Last Year (3 analysts)$76.33640.0%
Current Price$71.74
Analyst Ratings
3
8
Buy: 3Hold: 8Consensus: Hold
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$140K
2 txns · 2 insiders · 2,100 sh
Sells ($, 12mo)
$1.11M
5 txns · 5 insiders · 14,285 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-21 | SELL | Poindexter Philip | officer: President | 1,221 | $70.68 | $86K | $3.77M |
| 2025-11-06 | BUY | Hardy David L. | director | 2,000 | $66.53 | $133K | $133K |
| 2025-09-29 | BUY | WOODS MICHAEL W | officer: Sr. Vice President | 100 | $69.95 | $7K | $77K |
| 2025-08-27 | SELL | Hillebrand James A | director, officer: Chairman & CEO | 2,162 | $83.32 | $180K | $8.94M |
| 2025-06-24 | SELL | Dishman William | officer: Executive Vice President | 2,802 | $78.10 | $219K | $2.47M |
| 2025-06-11 | SELL | Wells Laura L | director | 4,000 | $78.00 | $312K | $1.17M |
| 2025-06-10 | SELL | CROCE MICHAEL | officer: Executive Vice President | 4,100 | $77.06 | $316K | $1.90M |
Order Flow (FINRA, ~3w lag)
13.5%retail-0.8pp
28.6%dark+2.4pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Stock Yards Bancorp, Inc.: Routine Administrative Filing Lacks Evidence of Forensic Irregularity
Overall Risk
2/10
Fraud
1/10
Dilution
1/10
Insolvency
2/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
2/10
Contextually Acceptable
10/10