Stellar Bancorp Inc (NYSE: STEL) stock enjoyed a major increase of 11.7% on 11/6/24. The shares closed at $30.54. Moreover, trading volume in this advance was exceptionally high at 424% of normal. The stock has been strong relative to the market over the last nine months and has risen 11.4% 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 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 68 and a slightly positive Appreciation Score of 69, triggering the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment