Stellar Bancorp Inc (NYSE: STEL) has reported earnings for its third fiscal quarter (ending September 30) of $0.63 versus $0.58 for the same period a year ago — an increase of 9%. For the latest four quarters through September 30, E.P.S. were $2.19 versus $1.98 for the same period a year ago — an increase of 11%.
Recent Price Action
Stellar Bancorp Inc (NYSE: STEL) stock rose modestly by 0.5% on 10/25/24. The stock closed at $26.36. NORMAL trading volume accompanied the advance. The stock has declined -3.2% during the last week but has been strong relative to the market over the last nine months.
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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Stellar Bancorp has a slightly positive Power Rating of 63 and a slightly positive Appreciation Score of 69, with the Positive Value Trend Rating the result.
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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