Raymond James analyst David Feaster lowered the firm’s price target on Stellar Bancorp to $28 from $31 and keeps an Outperform rating on the shares. The firm continues to view the risk/reward favorably and remains confident in the long-term strategic merits of the MOE and management’s ability to unlock shareholder value over time, the analyst says in a research note.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on STEL:
- Stellar Bancorp, Inc. Announces First Quarter 2023 Earnings Release and Conference Call Date
- Charles Schwab CEO says he took advantage of the recent dip. Here are 3 other bank stocks insiders are buying now
- Stellar Bancorp director Swinbank buys 37,841 common shares
- Stellar Bancorp, Inc. Declares Quarterly Dividend
- Stellar Bank Completes Name Change and Launches New Brand