Shares of Stellarone Corp (NYSE:STEL - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $34.11 and traded as high as $37.71. Stellarone shares last traded at $37.5720, with a volume of 177,617 shares trading hands.
Wall Street Analyst Weigh In
Several analysts recently commented on STEL shares. Raymond James Financial lowered shares of Stellarone from a "moderate buy" rating to a "hold" rating in a research note on Thursday, January 29th. Weiss Ratings raised shares of Stellarone from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, April 27th. Finally, Keefe, Bruyette & Woods raised shares of Stellarone from a "market perform" rating to an "outperform" rating and increased their target price for the company from $33.00 to $44.00 in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Stellarone currently has an average rating of "Moderate Buy" and a consensus price target of $37.00.
Get Our Latest Analysis on Stellarone
Stellarone Trading Up 1.2%
The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 18.33 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 0.89. The company's 50 day simple moving average is $36.97 and its two-hundred day simple moving average is $34.11.
Stellarone (NYSE:STEL - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.08. Stellarone had a net margin of 17.56% and a return on equity of 6.54%. The firm had revenue of $111.04 million for the quarter, compared to analyst estimates of $108.41 million. During the same quarter in the prior year, the business earned $0.46 EPS. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts expect that Stellarone Corp will post 2.04 EPS for the current fiscal year.
Stellarone Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, March 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.6%. Stellarone's dividend payout ratio is 29.27%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of STEL. Royal Bank of Canada grew its stake in Stellarone by 26.9% in the 1st quarter. Royal Bank of Canada now owns 9,202 shares of the financial services provider's stock valued at $254,000 after buying an additional 1,948 shares during the last quarter. AQR Capital Management LLC grew its stake in Stellarone by 178.2% in the 1st quarter. AQR Capital Management LLC now owns 26,504 shares of the financial services provider's stock valued at $733,000 after buying an additional 16,977 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Stellarone by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,214 shares of the financial services provider's stock valued at $808,000 after buying an additional 1,281 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Stellarone by 21.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,535 shares of the financial services provider's stock valued at $2,394,000 after buying an additional 15,115 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in Stellarone by 105.0% in the 1st quarter. Jane Street Group LLC now owns 195,376 shares of the financial services provider's stock valued at $5,404,000 after buying an additional 100,067 shares during the last quarter. Institutional investors and hedge funds own 54.15% of the company's stock.
About Stellarone
(
Get Free Report)
StellarOne Corporation is a bank holding company of StellarOne Bank (the Bank). The Bank is an independent commercial bank holding company. It offers services provided by full-service banks, including individual and commercial demand and time deposit accounts, commercial and consumer loans, residential mortgages, credit card services and deposit services. The Bank, through its commercial banking segment, offers Internet banking access for banking services, mobile banking and online bill payment for both consumers and commercial customers.
See Also
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