Stellar Bancorp Inc (NYSE: STEL) has reported earnings for its second fiscal quarter (ending June 30) of $0.56 versus $0.66 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.14 compared to $1.91 a year ago.
Recent Price Action
On 7/26/24, Stellar Bancorp Inc (NYSE: STEL) stock increased 1.5%, closing at $27.93. Moreover, this advance was accompanied by exceptionally high trading volume at 337% of normal. The stock has been weak relative to the market over the last nine months but has risen 7.1% 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 (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Stellar Bancorp has a slightly positive Appreciation Score of 68 but a slightly negative Power Rating of 37, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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