<p>Stock Yards Bancorp (SYBT) 發佈了其第三季度和年初至今的財報，顯示出比去年更高的淨利息收入和淨收入。這些結果突顯了這家地區銀行的持續增長。</p>
<p>查看我們對 Stock Yards Bancorp 的最新分析。</p>
<p>Stock Yards Bancorp 的強勁財報更新正值其股價有所下滑之際，30 天的股價回報為 -7.17%，使年初至今的變動達到 -7.05%。儘管過去五年的總股東回報仍高達 72.87%，但隨着市場消化這一變化的增長和風險前景，近期的動能有所減緩。</p>
<p>如果您有興趣拓寬搜索範圍，超越最新的財務頭條，現在是發現高內部持股的快速增長股票的好時機。</p>
<p>在財務增長穩健但股價仍滯後的情況下，問題變成了 Stock Yards Bancorp 是否以折扣價交易，或者市場是否已經預期到進一步的改善。現在是買入的時機，還是一切都已反映在價格中？</p>
<h2>14.2 倍的市盈率：是否合理？</h2>
<p>Stock Yards Bancorp 的股票目前以 14.2 倍的市盈率（P/E）交易，這明顯低於其同行的平均水平，但高於行業基準。這一水平表明市場可能沒有充分認識到公司的盈利增長潛力，或者它可能在與更廣泛行業相比時定價了不同的預期。</p>
<p>市盈率衡量投資者願意為每一美元的收益支付多少。在銀行業，這一倍數反映了預期的盈利增長、風險前景和利潤流的穩定性。對於 Stock Yards Bancorp，其市盈率相對於類似銀行顯示出比較價值，即使該行業面臨增長前景的變化。</p>
<p>與同行相比，Stock Yards Bancorp 的估值顯得頗具吸引力，因為其 14.2 倍的市盈率低於同行組的平均水平 19.5 倍。這表明市場可能對其短期增長或風險前景更加謹慎。然而，與整體美國銀行業相比，其股票的交易價格高於行業平均倍數 11 倍，甚至高於估計的公允市盈率 10.3 倍。這一溢價表明投資者的預期可能超出基本面，或者對公司特定因素的信心使其與更廣泛的行業區分開來。</p>
<p>探索 Stock Yards Bancorp 的 SWS 公允比率</p>
<p><strong>結果：14.2 倍的市盈率（大致合理）</strong></p>
<p>然而，收入和淨收入增長放緩或持續的股價下跌可能會影響投資者情緒。這可能會對當前的估值故事構成挑戰。</p>
<p>瞭解 Stock Yards Bancorp 敍述的主要風險。</p>
<h2>另一種觀點：折現現金流模型描繪了不同的圖景</h2>
<p>通過我們的折現現金流（DCF）模型來看 Stock Yards Bancorp，結果與市盈率的故事有所不同。SWS DCF 模型估計每股公允價值為 105.13 美元，遠高於當前價格。這表明該股票在現金流基礎上可能被顯著低估。</p>
<p>瞭解 SWS DCF 模型如何得出其公允價值。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/fc994f3a-3f52-45cf-9ac4-09f84fe93c11/chart/dcf?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/fc994f3a-3f52-45cf-9ac4-09f84fe93c11/chart/dcf"/></p>
<p>截至 2025 年 11 月的 SYBT 折現現金流</p>
<p>Simply Wall St 每天對全球每隻股票進行折現現金流（DCF）分析（例如查看 Stock Yards Bancorp）。我們展示了完整的計算過程。您可以在您的觀察列表或投資組合中跟蹤結果，並在變化時收到提醒，或者使用我們的股票篩選器發現 842 只基於現金流的被低估股票。如果您保存篩選器，我們甚至會在新公司匹配時提醒您——這樣您就不會錯過潛在機會。</p>
<h2>構建您自己的 Stock Yards Bancorp 敍述</h2>
<p>如果您有不同的見解或想根據自己的條件探索數字，只需幾分鐘即可輕鬆塑造自己的觀點，盡在 Do it your way。</p>
<p>您對 Stock Yards Bancorp 研究的一個很好的起點是我們的分析，強調了 4 個關鍵收益和 1 個可能影響您投資決策的重要警示信號。</p>
<h2>尋找更多投資想法？</h2>
<p>通過立即採取行動，擴展您的投資組合，選擇高信念的股票，可能會改變您的回報。不要讓機會溜走。</p>
<ul>
<li>通過查看這 26 只推動自動化、神經網絡和數據分析進展的 AI 便士股票，獲取新的突破。</li>
<li>通過獲取這些 20 只收益率超過 3% 的高股息股票，提升您的收入流，這些股票的收益率高於市場平均水平。</li>
<li>通過審查這些 82 只專注於區塊鏈解決方案和數字資產的加密貨幣和區塊鏈股票，抓住明天去中心化技術的領導者。</li>
</ul>
<p><em>本文由 Simply Wall St 撰寫，內容具有一般性。<strong>我們提供基於歷史數據和分析師預測的評論，僅使用無偏見的方法，我們的文章並不旨在提供財務建議。</strong> 這並不構成買入或賣出任何股票的推薦，也不考慮您的目標或財務狀況。我們的目標是為您提供以基本數據驅動的長期分析。請注意，我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中沒有持倉。</em></p>

SYBT

<p>Stock Yards Bancorp (SYBT) 公佈了強勁的第三季度財報，淨利息收入和淨收入同比均有所增長。儘管最近股價在 30 天內下跌了 7.17%，但該公司五年的總股東回報率為 72.87%。當前的市盈率為 14.2 倍，低於同行但高於行業平均水平，顯示出潛在的低估。折現現金流模型顯示每股公允價值為 105.13 美元，表明該股票可能基於現金流被低估。投資者被鼓勵考慮公司的增長前景和風險</p>

<p>Stock Yards Bancorp (SYBT) released its third quarter and year-to-date earnings, showing higher net interest income and net income compared to last year. The results highlight continued growth for the regional bank.</p>
<div class="lb-trans"><p>Stock Yards Bancorp (SYBT) 發佈了其第三季度和年初至今的財報，顯示出比去年更高的淨利息收入和淨收入。這些結果突顯了這家地區銀行的持續增長。</p>
</div><p>See our latest analysis for Stock Yards Bancorp.</p>
<div class="lb-trans"><p>查看我們對 Stock Yards Bancorp 的最新分析。</p>
</div><p>Stock Yards Bancorp’s strong earnings update arrived at a time when its share price has lost some ground, with a 30-day share price return of -7.17% pushing the year-to-date move to -7.05%. While total shareholder return over the past five years still sits at an impressive 72.87%, recent momentum has slowed as the market digests this shifting growth and risk outlook.</p>
<div class="lb-trans"><p>Stock Yards Bancorp 的強勁財報更新正值其股價有所下滑之際，30 天的股價回報為 -7.17%，使年初至今的變動達到 -7.05%。儘管過去五年的總股東回報仍高達 72.87%，但隨着市場消化這一變化的增長和風險前景，近期的動能有所減緩。</p>
</div><p>If you’re interested in broadening your search beyond the latest financial headlines, now’s a great time to discover fast growing stocks with high insider ownership.</p>
<div class="lb-trans"><p>如果您有興趣拓寬搜索範圍，超越最新的財務頭條，現在是發現高內部持股的快速增長股票的好時機。</p>
</div><p>With solid financial growth but a share price still lagging, the question becomes whether Stock Yards Bancorp is trading at a discount or if the market already anticipates further improvements. Is now the moment to buy, or is everything priced in?</p>
<div class="lb-trans"><p>在財務增長穩健但股價仍滯後的情況下，問題變成了 Stock Yards Bancorp 是否以折扣價交易，或者市場是否已經預期到進一步的改善。現在是買入的時機，還是一切都已反映在價格中？</p>
</div><h2>Price-to-Earnings of 14.2x: Is it justified?</h2>
<div class="lb-trans"><h2>14.2 倍的市盈率：是否合理？</h2>
</div><p>Stock Yards Bancorp’s shares currently trade at a price-to-earnings (P/E) ratio of 14.2x, which is noticeably lower than the average of its peers but above the industry benchmark. This level suggests the market may not be fully recognizing the company’s earnings growth profile, or it could be pricing in different expectations compared to the broader sector.</p>
<div class="lb-trans"><p>Stock Yards Bancorp 的股票目前以 14.2 倍的市盈率（P/E）交易，這明顯低於其同行的平均水平，但高於行業基準。這一水平表明市場可能沒有充分認識到公司的盈利增長潛力，或者它可能在與更廣泛行業相比時定價了不同的預期。</p>
</div><p>The P/E ratio gauges what investors are willing to pay for each dollar of earnings. In the banking sector, this multiple reflects anticipated earnings growth, risk outlook, and the stability of profit streams. For Stock Yards Bancorp, its P/E signals comparative value relative to similar banks, even as the sector faces shifting growth prospects.</p>
<div class="lb-trans"><p>市盈率衡量投資者願意為每一美元的收益支付多少。在銀行業，這一倍數反映了預期的盈利增長、風險前景和利潤流的穩定性。對於 Stock Yards Bancorp，其市盈率相對於類似銀行顯示出比較價值，即使該行業面臨增長前景的變化。</p>
</div><p>Against its peers, Stock Yards Bancorp appears attractively valued, as its 14.2x P/E falls below the peer group average of 19.5x. This suggests that the market may be more cautious about its near-term growth or risk profile. Compared to the overall US Banks industry, however, its shares trade at a premium to the industry average multiple of 11x and sit even higher than the estimated Fair Price-to-Earnings Ratio of 10.3x. This premium points to investor expectations that may exceed underlying fundamentals, or perhaps confidence in company-specific factors that set it apart from the wider sector.</p>
<div class="lb-trans"><p>與同行相比，Stock Yards Bancorp 的估值顯得頗具吸引力，因為其 14.2 倍的市盈率低於同行組的平均水平 19.5 倍。這表明市場可能對其短期增長或風險前景更加謹慎。然而，與整體美國銀行業相比，其股票的交易價格高於行業平均倍數 11 倍，甚至高於估計的公允市盈率 10.3 倍。這一溢價表明投資者的預期可能超出基本面，或者對公司特定因素的信心使其與更廣泛的行業區分開來。</p>
</div><p>Explore the SWS fair ratio for Stock Yards Bancorp</p>
<div class="lb-trans"><p>探索 Stock Yards Bancorp 的 SWS 公允比率</p>
</div><p><strong>Result: Price-to-Earnings of 14.2x (ABOUT RIGHT)</strong></p>
<div class="lb-trans"><p><strong>結果：14.2 倍的市盈率（大致合理）</strong></p>
</div><p>However, slower revenue and net income growth or continued share price declines could weigh on investor sentiment. This could potentially challenge the current valuation story.</p>
<div class="lb-trans"><p>然而，收入和淨收入增長放緩或持續的股價下跌可能會影響投資者情緒。這可能會對當前的估值故事構成挑戰。</p>
</div><p>Find out about the key risks to this Stock Yards Bancorp narrative.</p>
<div class="lb-trans"><p>瞭解 Stock Yards Bancorp 敍述的主要風險。</p>
</div><h2>Another View: Discounted Cash Flow Model Paints a Different Picture</h2>
<div class="lb-trans"><h2>另一種觀點：折現現金流模型描繪了不同的圖景</h2>
</div><p>Looking at Stock Yards Bancorp through the lens of our DCF model, the results diverge from the P/E story. The SWS DCF model estimates a fair value of $105.13 per share, which is well above the current price. This suggests the stock may be meaningfully undervalued on a cash flow basis.</p>
<div class="lb-trans"><p>通過我們的折現現金流（DCF）模型來看 Stock Yards Bancorp，結果與市盈率的故事有所不同。SWS DCF 模型估計每股公允價值為 105.13 美元，遠高於當前價格。這表明該股票在現金流基礎上可能被顯著低估。</p>
</div><p>Look into how the SWS DCF model arrives at its fair value.</p>
<div class="lb-trans"><p>瞭解 SWS DCF 模型如何得出其公允價值。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/fc994f3a-3f52-45cf-9ac4-09f84fe93c11/chart/dcf" alt="" original-src="https://images.simplywall.st/company/fc994f3a-3f52-45cf-9ac4-09f84fe93c11/chart/dcf"/></p>
<p>SYBT Discounted Cash Flow as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 SYBT 折現現金流</p>
</div><p>Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Stock Yards Bancorp for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 842 undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.</p>
<div class="lb-trans"><p>Simply Wall St 每天對全球每隻股票進行折現現金流（DCF）分析（例如查看 Stock Yards Bancorp）。我們展示了完整的計算過程。您可以在您的觀察列表或投資組合中跟蹤結果，並在變化時收到提醒，或者使用我們的股票篩選器發現 842 只基於現金流的被低估股票。如果您保存篩選器，我們甚至會在新公司匹配時提醒您——這樣您就不會錯過潛在機會。</p>
</div><h2>Build Your Own Stock Yards Bancorp Narrative</h2>
<div class="lb-trans"><h2>構建您自己的 Stock Yards Bancorp 敍述</h2>
</div><p>If you have different insights or want to explore the numbers on your terms, it's easy to shape your own perspective in just a few minutes with Do it your way.</p>
<div class="lb-trans"><p>如果您有不同的見解或想根據自己的條件探索數字，只需幾分鐘即可輕鬆塑造自己的觀點，盡在 Do it your way。</p>
</div><p>A great starting point for your Stock Yards Bancorp research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.</p>
<div class="lb-trans"><p>您對 Stock Yards Bancorp 研究的一個很好的起點是我們的分析，強調了 4 個關鍵收益和 1 個可能影響您投資決策的重要警示信號。</p>
</div><h2>Looking for More Investment Ideas?</h2>
<div class="lb-trans"><h2>尋找更多投資想法？</h2>
</div><p>Expand your portfolio by acting now on high-conviction stock picks that could transform your returns. Don’t let opportunity pass you by.</p>
<div class="lb-trans"><p>通過立即採取行動，擴展您的投資組合，選擇高信念的股票，可能會改變您的回報。不要讓機會溜走。</p>
</div><ul>
<li>Tap into fresh breakthroughs by checking out these 26 AI penny stocks that are propelling progress in automation, neural networks, and data analytics.</li>
<li>Boost your income stream by accessing these 20 dividend stocks with yields &gt; 3% with attractive yields above the market average.</li>
<li>Capitalize on tomorrow’s leaders in decentralized tech by reviewing these 82 cryptocurrency and blockchain stocks focused on blockchain solutions and digital assets.</li>
</ul>
<div class="lb-trans"><ul>
<li>通過查看這 26 只推動自動化、神經網絡和數據分析進展的 AI 便士股票，獲取新的突破。</li>
<li>通過獲取這些 20 只收益率超過 3% 的高股息股票，提升您的收入流，這些股票的收益率高於市場平均水平。</li>
<li>通過審查這些 82 只專注於區塊鏈解決方案和數字資產的加密貨幣和區塊鏈股票，抓住明天去中心化技術的領導者。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>本文由 Simply Wall St 撰寫，內容具有一般性。<strong>我們提供基於歷史數據和分析師預測的評論，僅使用無偏見的方法，我們的文章並不旨在提供財務建議。</strong> 這並不構成買入或賣出任何股票的推薦，也不考慮您的目標或財務狀況。我們的目標是為您提供以基本數據驅動的長期分析。請注意，我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中沒有持倉。</em></p>
</div>

SY Bancorp (SYBT)：在第三季度強勁的收益增長後評估其估值