Zacks Downgrades StellarOne Corp. to Neutral (STEL)
StellarOne Corp. (NASDAQ:STEL) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday, Analyst Ratings Network reports. They currently have a $23.80 price target on the stock. Zacks‘ price objective points to a potential upside of 6.77% from the company’s current price.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of StellarOne Corp. from $19.50 to $23.00 in a research note to investors on Wednesday, August 7th. They now have a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $20.96.
StellarOne Corp. (NASDAQ:STEL) traded up 1.44% during mid-day trading on Tuesday, hitting $22.61. The stock had a trading volume of 59,495 shares. StellarOne Corp. has a one year low of $12.42 and a one year high of $22.84. The stock’s 50-day moving average is $21.7 and its 200-day moving average is $18.8. The company has a market cap of $513.9 million and a P/E ratio of 21.43.
StellarOne Corp. (NASDAQ:STEL) last announced its earnings results on Thursday, July 25th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.06. During the same quarter last year, the company posted $0.21 earnings per share.
StellarOne Corporation is a bank holding company of StellarOne Bank (NASDAQ:STEL).
To view Zacks’ full report, visit www.zacks.com
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