Stellarone Corp (STEL) To Go Ex-Dividend on June 15th

Stellarone Corp (NYSE:STEL) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.15 per share by the financial services provider on Friday, June 26th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, June 15th.

Stellarone has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Stellarone has a payout ratio of 30.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Stellarone to earn $2.35 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 25.5%.

Stellarone Trading Up 0.0%

Shares of NYSE STEL opened at $37.43 on Friday. The business’s 50 day moving average is $36.86 and its two-hundred day moving average is $34.74. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.89 and a quick ratio of 0.89. Stellarone has a 1-year low of $26.08 and a 1-year high of $40.21. The stock has a market capitalization of $1.91 billion, a P/E ratio of 18.26 and a beta of 0.72.

Stellarone (NYSE:STEL) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. Stellarone had a return on equity of 6.54% and a net margin of 17.56%.The company had revenue of $111.04 million for the quarter, compared to analysts’ expectations of $108.41 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, research analysts expect that Stellarone will post 2.04 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Stellarone by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 3,275,827 shares of the financial services provider’s stock valued at $101,354,000 after buying an additional 18,749 shares during the period. Americana Partners LLC purchased a new stake in shares of Stellarone in the fourth quarter valued at approximately $611,000. MQS Management LLC boosted its holdings in shares of Stellarone by 49.1% in the fourth quarter. MQS Management LLC now owns 18,432 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 6,069 shares during the period. UBS Group AG boosted its holdings in shares of Stellarone by 2.2% in the fourth quarter. UBS Group AG now owns 172,890 shares of the financial services provider’s stock valued at $5,349,000 after purchasing an additional 3,687 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Stellarone by 2.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 54,907 shares of the financial services provider’s stock valued at $1,697,000 after purchasing an additional 1,196 shares during the period. Hedge funds and other institutional investors own 54.15% of the company’s stock.

About Stellarone

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.