Stellarone (STEL) Expected to Announce Quarterly Earnings on Friday

Key Points

• Stellarone (STEL) is set to report quarterly results before the market opens on Friday, April 24; analysts expect $0.48 EPS and revenue of about $108.4 million.
• In the prior quarter STEL reported $0.51 EPS (meeting estimates) with revenue up 0.8% year-over-year, and analysts project about $2.00 EPS for the current and next fiscal years.
• Shares trade near $37.48 with a market cap of $1.90B and a P/E of 18.93; the company pays a quarterly dividend of $0.15 (annualized yield ~1.6%) and has a consensus rating of Moderate Buy with a $37 price target.

Stellarone (NYSE:STEL - Get Free Report) is projected to release its results before the market opens on Friday, April 24th. Analysts expect Stellarone to post earnings of $0.48 per share and revenue of $108.4130 million for the quarter.

Stellarone (NYSE:STEL - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. Stellarone had a net margin of 17.25% and a return on equity of 6.30%. During the same quarter in the prior year, the firm posted $0.52 earnings per share. Stellarone's revenue was up .8% compared to the same quarter last year. On average, analysts expect Stellarone to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Stellarone Stock Down 0.3%

STEL opened at $37.48 on Friday. The firm has a 50-day simple moving average of $37.27 and a two-hundred day simple moving average of $33.52. Stellarone has a 52 week low of $24.59 and a 52 week high of $40.21. The company has a market capitalization of $1.90 billion, a PE ratio of 18.93 and a beta of 0.75. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.02.

Stellarone Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, March 16th. Stellarone's dividend payout ratio is 30.30%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in STEL. Osaic Holdings Inc. bought a new position in shares of Stellarone in the 2nd quarter valued at about $62,000. iSAM Funds UK Ltd bought a new position in shares of Stellarone in the 3rd quarter valued at about $83,000. Aquatic Capital Management LLC bought a new position in shares of Stellarone in the 3rd quarter valued at about $112,000. Vident Advisory LLC bought a new position in shares of Stellarone in the 2nd quarter valued at about $202,000. Finally, DRW Securities LLC bought a new position in shares of Stellarone in the 4th quarter valued at about $220,000. Institutional investors own 54.15% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on STEL. Raymond James Financial downgraded shares of Stellarone from a "moderate buy" rating to a "hold" rating in a report on Thursday, January 29th. Keefe, Bruyette & Woods raised shares of Stellarone from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $33.00 to $44.00 in a report on Tuesday, February 3rd. Finally, Weiss Ratings began coverage on shares of Stellarone in a report on Tuesday, April 7th. They set a "buy (b-)" rating for the company. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

About Stellarone

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.