Stock fact sheet · data as of
Stock Yards Bancorp, Inc. (SYBT): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Defensive
Is SYBT undervalued?
Stock Yards Bancorp, Inc. (SYBT) closed at 75.27 on 16 Oct 2026, close to the GLS average fair value of 75.81 (0.7% below fair value). 4 of the 9 models that produced a number sit above the price, 5 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.
The 9 models disagree widely: DDM gives 18.98 while Payback Time gives 139.75. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files SYBT under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for SYBT
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 48.44 | -36% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 65.74 | -13% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 93.65 | +24% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 27.02 | -64% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 107.74 | +43% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 126.37 | +68% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 139.75 | +86% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 18.98 | -75% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 54.57 | -28% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -268.46 | -457% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 85.00 | +13% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: SYBT passes 4 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is 8.0 out of 10, built from ten years of revenue, earnings, margins, cash flow, share count and returns on capital scored for consistency - a high reading that points to a durable business.
Returns on capital are moderate - ROIC 9.2%, ROE 13.0%, ROA 1.5% - with debt at 0.42 times equity and a free-cash-flow yield of 6.3%.
The dividend yield is 1.71% at a payout ratio of 26%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Fiduciary and Trust 50%, Credit and Debit Card 21%, Treasury Management 13% (quarter Q2 FY2026).
Institutional ownership scores 9/10, insider activity 3/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 9.2% |
|---|---|---|---|
| GLS Moat | 8.0 / 10 | ROE | 13.0% |
| Debt / equity | 0.42 | ROA | 1.5% |
| Free-cash-flow yield | 6.3% | Payout ratio | 26% |
| Institutions | 9 / 10 | Insiders · Congress | 3 · 5 / 10 |
Wheel Score 63: Fair
SYBT scores 63 out of 100 on the Wheel Score (Fair band, 50-64): a usable but unremarkable fit for the wheel strategy. The parts: Value 13/25, Health 9/20, Moat 12/15, Premium 19/20, Stability 10/20. Health (9/20) is where the points are missing.
Implied volatility is 34% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (19 of 20 points). Chain open interest is thin - 79 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 131k shares a day on a market cap of $2.3B, with a beta of 0.67 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 10 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 13 / 25 | 1% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 12 / 15 | moat 8.0/10 | |
| Premium | 19 / 20 | implied volatility 34% | |
| Stability | 10 / 20 | 131k shares/day, $2.3B cap, beta 0.67 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Stock Yards Bancorp, Inc. reports earnings on 28 Oct 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Stock Yards Bancorp, Inc. by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| BBT Beacon Financial Corp. | 27.49 | 30.11 | +9% | 71Good | $2.3B |
| NTB The Bank of N.T. Butterfield & Son Limited | 58.28 | 119.02 | +51% | 73Good | $2.3B |
| FIISO Financial Institutions, Inc. 8.48% SRB1 PFD B | 115.65 | 77.38 | -49% | 31No options | $2.3B |
| MBINN Merchants Bancorp | 18.97 | 86.53 | +78% | 39No options | $2.3B |
| BUSE First Busey Corporation | 29.26 | 36.15 | +19% | 74Good | $2.4B |
| CLBK Columbia Financial, Inc. | 10.82 | 4.99 | -117% | 64Fair | $2.4B |
| MBINL Merchants Bancorp | 23.14 | 91.88 | +75% | 39No options | $2.3B |
| MBINM Merchants Bancorp | 24.92 | 94.16 | +74% | 39No options | $2.3B |
| MBIN Merchants Bancorp | 48.95 | 125.01 | +61% | 68Good | $2.2B |
| BANR Banner Corporation | 67.34 | 94.59 | +29% | 80Prime | $2.5B |
| FRMEP First Merchants Corporation | 25.22 | 59.08 | +57% | 39No options | $2.5B |
| FRME First Merchants Corporation | 39.48 | 71.94 | +45% | 79Good | $2.5B |
⚖ Compare SYBT with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about SYBT
Is SYBT undervalued right now?
Not meaningfully: at 75.27 the stock trades within a few percent of the GLS average fair value of 75.81 (0.7% below fair value, data as of 16 Oct 2026).
What is the Wheel Score of SYBT and what does it mean?
SYBT scores 63 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for SYBT?
75.81 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Stock Yards Bancorp, Inc. report earnings next?
The next earnings report is due on 28 Oct 2026 (before the open), 12 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does SYBT have listed options, and how liquid are they?
Yes. The nightly snapshot found 158 listed contracts with 79 open interest across all expiries and implied volatility of 34% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.