For its first fiscal quarter (ending March 31), Stellar Bancorp Inc (NYSE: STEL) has reported a -30% decline in E.P.S. from $0.70 a year ago to $0.49 in the current quarter. This performance was $-0.01 short of the consensus estimate of $0.50. E.P.S. were $2.24 for the latest four quarters through March 31 versus $1.82 for the same period a year ago — an increase of 23%.
Recent Price Action
On 4/26/24, Stellar Bancorp Inc (NYSE: STEL) stock suffered a large decline of -5.8%, closing at $22.49. Moreover, above average trading volume at 131% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, STEL is expected to continue to be a modest Value Builder.
Stellar Bancorp has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Stellar Bancorp has a neutral Power Rating of 59 but a good Appreciation Score of 75, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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