StellarOne Corporation (STEL) news stock charts
StellarOne Corporation (STEL) Investment Summary:
StellarOne Corporation, through its subsidiaries, provides various financial and banking products and services to consumers and businesses in Virginia. The company offers various deposit products, including demand and time deposit accounts, money market accounts, checking accounts, individual retirement accounts, and savings accounts. Its loan portfolio comprises real estate construction and mortgage loans; commercial; home equity loans; financial; home equity loans; small business loans; agricultural; FHA and SBA guaranteed loans; and consumer loans for individuals, and small and middle-market businesses. The company also provides credit card, Internet banking, and online bill payment servi...STELLARONE CORP (STEL:NASDAQ)
Snapshot of STELLARONE CORP (STEL)
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OPEN
$13.45
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PREVIOUS CLOSE
$13.51
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DAY HIGH
$13.72
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DAY LOW
$13.43
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52 WEEK HIGH
08/12/09 - $15.76
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52 WEEK LOW
11/10/09 - $9.03
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MARKET CAP
312.9M
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AVERAGE VOLUME 10 D
34.6K
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EPS TTM
$-0.34
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SHARES OUTSTANDING
22.8M
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EX-DATE
02/4/10
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P/E TTM
--
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DIVIDEND
$0.16
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DIVIDEND YIELD
1.17%
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| K = Thousands M = Millions B = Billions | ||
Key developments for STELLARONE CORP (STEL)
William P. Heath, Jr. retired as Chairman of the Board of StellarOne Corporation and a director of the company effective February 28, 2010, and the Board of Directors has elected Raymond D. Smoot, Jr., a current member of the Board of Directors, to the additional role of the Chairman of the Board, effective March 1, 2010. Mr. Heath's decision to resign as a director comes after 45 years of service in the banking industry, and was not due to any disagreement with the Company on any matter relating to its operations, policies or practices.
StellarOne Corporation expected to Report Q1 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on February 2, 2010).
StellarOne Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2009. The company reported fourth quarter 2009 earnings of $0.54 million and net income available to common shareholders, which deducts from net income the dividends and discount accretion on preferred stock, of $0.08 million, or $0.00 per diluted common share. Those results compare to a net loss of $0.84 million and net loss available to common shareholders of $0.89 million or $0.04 loss per diluted common share during the same quarter in the prior year. Net interest margin expansion and reduced provisions for loan losses contributed to the improvement in earnings for the quarter as compared to same quarter in the prior year and third quarter of 2009. Interest income - taxable equivalent was $34.7 million against $40.2 million for the same period last year. Net interest income was $22.9 million against $24.6 million for the same period last year. Net interest income after provision for loan and lease losses was $19.4 million against $13.6 million for the same period last year. Return on average assets was 0.07% against negative of 0.11% for the same period last year. Return on average equity was 0.52% against negative of 0.83% for the same period last year. For the year ended December 31, 2009, the net loss was $8.5 million and the net loss available to common shareholders was $10.4 million, or $0.46 per common share, compared to net income of $9.4 million and the net income available to common shareholders was $9.3 million, or $0.45 per average common share in 2008. Key factors affecting full year 2009 results included contraction in net interest income associated with the lower interest rate environment, increased loan loss provision, related losses on foreclosed properties and securities impairments, and increased noninterest expense associated with significantly higher FDIC insurance expense. Interest income - taxable equivalent was $142.2 million against $158.6 million for the same period last year. Net interest income was $89.2 million against $97.5 million for the same period last year. Net interest income after provision for loan and lease losses was $51.4 million against $76.7 million for the same period last year. Return on average assets was negative of 0.28% against return on average assets of $0.33% for the same period last year. Return on average equity was negative of 1.99% against return on average equity of 2.59% for the same period last year. Book value per common share was $17.24 as on December 31, 2009 against $17.85 as on December 31, 2008. The Board of Directors approved a quarterly cash dividend in the amount of $0.04 per share payable on February 26, 2010 to shareholders of record on February 8, 2010.
StellarOne Corporation financial resources
STEL Competitors
| Company | Last | Change |
| C&F Financial Corp | $20.25 USD | +0.10 |
| Fidelity Southern Corp | $5.67 USD | +0.0238 |
| First Place Financial Corp/OH | $3.90 USD | 0.00 |
| Monarch Financial Holdings Inc | $8.04 USD | +0.89 |
| Sun Bancorp Inc/NJ | $3.85 USD | +0.09 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | STEL | Industry Range |
| Price/Earnings | -- | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | -- | Not Meaningful |
| Price/Cash Flow | -- | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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STEL |
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STEL transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About StellarOne Corporation
STELLARONE CORP Files SEC form 10-K, Annual Report
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STELLARONE CORP Files SEC form 8-K, Change in Directors or Principal Officers
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StellarOne Corporation Reports Fourth Quarter Earnings and Declares Dividend
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CORRECTING and REPLACING -- StellarOne Corporation Reports Fourth Quarter Earnings and Declares Dividend
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StellarOne Corporation Reports Fourth Quarter Earnings and Declares Dividend
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StellarOne Corporation Announces Earnings Call
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CORRECTING and REPLACING -- StellarOne Corporation Reports Fourth Quarter Earnings and Declares Dividend
Read article
StellarOne Corporation Reports Fourth Quarter Earnings and Declares Dividend
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CORRECTING and REPLACING -- StellarOne Corporation Reports Fourth Quarter Earnings and Declares Dividend
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Q4 2009 StellarOne Corporation Earnings Release - Before Market Open
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STELLARONE CORP Files SEC form 8-K, Results of Operations and Financial Condition, Other Events
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STELLARONE CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
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StellarOne Corporation Announces Earnings Call
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STELLARONE CORP Files SEC form 8-K, Results of Operations and Financial Condition
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Q3 2009 StellarOne Corporation Earnings Release - Before Market Open
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STELLARONE CORP Files SEC form 10-Q, Quarterly Report
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STELLARONE CORP Files SEC form 8-K, Other Events
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StellarOne Corporation Declares Cash Dividend
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STELLARONE CORP Files SEC form 8-K, Results of Operations and Financial Condition
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StellarOne Corporation Announces Change in Results for Third Quarter
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