Stellarone (NYSE:STEL) Stock Price Passes Above 200-Day Moving Average – Should You Sell?
by Renee Jackson · The Cerbat GemShares of Stellarone Corp (NYSE:STEL – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.55 and traded as high as $38.87. Stellarone shares last traded at $38.8390, with a volume of 424,719 shares changing hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded Stellarone from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.
Read Our Latest Analysis on Stellarone
Stellarone Price Performance
The company has a market capitalization of $1.98 billion, a P/E ratio of 18.95 and a beta of 0.70. The company’s 50-day simple moving average is $37.40 and its 200 day simple moving average is $35.55. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.02.
Stellarone (NYSE:STEL – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. The company had revenue of $111.04 million during the quarter, compared to the consensus estimate of $108.41 million. Stellarone had a return on equity of 6.54% and a net margin of 17.56%.The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS. As a group, sell-side analysts expect that Stellarone Corp will post 2.1 earnings per share for the current fiscal year.
Stellarone Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th. Stellarone’s dividend payout ratio is currently 29.27%.
Institutional Trading of Stellarone
Several large investors have recently modified their holdings of STEL. Vanguard Group Inc. boosted its stake in Stellarone by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 3,275,827 shares of the financial services provider’s stock valued at $101,354,000 after purchasing an additional 18,749 shares during the period. North Reef Capital Management LP boosted its holdings in Stellarone by 57.1% in the 4th quarter. North Reef Capital Management LP now owns 2,875,245 shares of the financial services provider’s stock valued at $88,960,000 after purchasing an additional 1,045,308 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Stellarone by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,499,218 shares of the financial services provider’s stock valued at $91,494,000 after purchasing an additional 154,135 shares during the period. Millennium Management LLC boosted its holdings in Stellarone by 34.6% in the 3rd quarter. Millennium Management LLC now owns 1,237,830 shares of the financial services provider’s stock valued at $37,556,000 after purchasing an additional 318,011 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in Stellarone by 8.1% in the 3rd quarter. William Blair Investment Management LLC now owns 1,154,945 shares of the financial services provider’s stock valued at $35,041,000 after purchasing an additional 86,363 shares during the period. 54.15% of the stock is owned by institutional investors.
Stellarone Company Profile
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.