Stock Rating Downgrade
In the last week the Value Trend Rating for Stellar Bancorp Inc (NYSE: STEL) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Stellar Bancorp Inc (NYSE: STEL) stock declined slightly by -0.8% on 5/20/24. The stock closed at $23.11. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has risen 1.0% during the last week.
Current PriceTarget Research Rating
STEL is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Stellar Bancorp has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Stellar Bancorp has a good Appreciation Score of 74 but a neutral Power Rating of 46, triggering the High Neutral Value Trend Rating.
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