SunTrust Robinson Humphrey Upgrades StellarOne Financial (STEL) to Buy
More News related to STEL
- StellarOne (STEL) Reports Problem Asset Auction Results; Sees Q3 Loan Loss Provision of $6M
- StellarOne Corporation Announces Problem Asset Auction Results and Anticipated Loan Loss Provisioning for Third Quarter 2008
- Raymond James Downgrades StellarOne (STEL) to Market Perform
- Baird Downgrades StellarOne (STEL) to Underperform
- Baird Downgrades StellarOne (STEL) to Neutral
SunTrust Robinson Humphrey upgrades StellarOne Financial (NASDAQ: STEL) from Neutral to Buy with a $20 price target.
The firm believes StellarOne will at least trade in line with its peers because earnings should improve as the net interest margin stabilizes and increases over the near term while the dividend yield is now 4% compared to a small cap peer average of 2.7%. Also, SunTrust Robinson Humphrey analysts believe credit issues have been well identified and are well contained within the bank.
StellarOne Corporation is a traditional community bank, offering a full range of business and consumer banking services, including trust and asset management services, via its trust company affiliate.
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StellarOne
SPG on Jul 4, 2008 02:25 PMThis bank has never had a foreclousure at loss percentage. Am I the only one who can read a P@L...this Bank is worth more liquidated than its selling price...Huh?