Senior Executive Vice President and Chief Financial Officer Paul Egge sold 6,730 shares of Stellar Bancorp Inc (STEL, Financial) on October 30, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 60,155 shares of the company.
Stellar Bancorp Inc operates as a financial institution primarily engaged in offering banking services including personal and commercial banking products. The company's services cater to a broad range of customers, providing loans, deposits, and other essential financial services.
Over the past year, Paul Egge has sold a total of 10,730 shares and has not purchased any shares. This recent transaction follows a pattern observed within the company, where there have been 4 insider sells and no insider buys over the same timeframe.
Shares of Stellar Bancorp Inc were trading at $27.98 on the day of the transaction. The company has a market cap of approximately $1.454 billion. The price-earnings ratio of the stock stands at 12.43, which is above the industry median of 10.55.
The stock's valuation according to the GF Value is $25.11, leading to a price-to-GF-Value ratio of 1.11, indicating that the stock is Fairly Valued.
The GF Value is calculated considering historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might be of interest to current and potential investors, as insider transactions can provide insights into how the company's top executives view the stock's valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
