Stellar Bancorp Shares Jump 18.2% Quarterly, EPS Estimate Raised to $2.03
Stellar Bancorp shares climbed 18.21% over the past quarter and 32.15% year-to-date, outpacing the S&P 500’s 3.87% and 15.04% gains. The bank earns a Momentum Style Score of B, Zacks Rank 2 (Buy), with monthly shares up 15.67% versus the industry’s 2.22% and EPS consensus rising from $1.99 to $2.03.
1. Momentum Performance
Stellar Bancorp shares have outperformed peers and benchmarks, rising 0.96% over the past week versus a 0.31% gain for the Southeast banking industry. Monthly gains of 15.67% dwarf the industry’s 2.22%, while quarter-to-date returns of 18.21% and a 32.15% year-to-date surge surpass the S&P 500’s 3.87% and 15.04%, respectively. Trading activity remains robust, with a 20-day average volume of 1,037,565 shares.
2. Estimate Revisions
Analysts have lifted full-year EPS estimates for Stellar Bancorp from $1.99 to $2.03 over the past 60 days, driven by one upward revision and no downward changes. For the next fiscal year, consensus estimates have seen one upward adjustment, maintaining a positive revision trend.
3. Ratings and Outlook
Stellar Bancorp holds a Momentum Style Score of B and a Zacks Rank 2 (Buy), reflecting strong short-term price trends and favorable earnings estimate revisions. Historically, stocks with Zacks Rank 1 or 2 combined with an A or B Style Score have outperformed the market over the following one-month period, highlighting STEL’s potential for further near-term gains.