Okan Akin Sells 85,951 Shares of STEL
On July 1, 2026, Okan Akin, Senior Executive VP at STEL, sold 85,951 shares.
Key Points
- Okan Akin, a Senior Executive VP at STEL, sold 85,951 shares on July 1, 2026, without a pre-planned sale.
- STEL shares traded near $39.32 on Wednesday, with analysts setting price targets between $30 and $44.
- Peers like BlackRock and Vanguard adjusted their holdings, with BlackRock adding 10,111 shares.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
On July 1, 2026, Okan Akin, the Senior Executive Vice President and Chief Risk Officer at STEL, sold 85,951 shares of the company. This transaction was not part of a pre-planned sale.
Insider Buying and Selling at Stellar Bancorp, Inc.
Several insiders at STEL were active in the market on the same day. Justin Long, the Senior Executive VP, General Counsel, and Secretary, sold 53,093 shares. Joe West, another Senior Executive VP and Chief Compliance Officer, parted with 102,193 shares. Paul Egge, the Senior Executive VP and CFO, sold 68,594 shares. Robert Franklin Jr., the CEO, sold 418,843 shares, while Laura Bellows sold 2,230 shares.
Other Institutional Activity in STEL
BlackRock, Inc. grew its holdings by 10,111 shares, ending with 6,747,686 shares worth about $247.03 million. Dimensional Fund Advisors LP increased its position by 154,135 shares, now holding 2,499,218 shares valued at approximately $91.49 million, marking a 6.6% increase. State Street Corp added 54,797 shares, bringing its total to 2,128,169 shares worth around $77.91 million, a 2.6% rise. Vanguard Capital Management LLC opened a new position with 2,034,503 shares valued at $74.48 million. Balyasny Asset Management L.P. significantly increased its stake by 1,224,367 shares, now holding 1,294,172 shares valued at $47.38 million, a 1,754% increase.
Analysts Set New Price Targets
On February 3, 2026, Keefe, Bruyette & Woods upgraded STEL to a 'buy' rating with a price target of $44. Piper Sandler maintained a 'hold' rating with a $30 target on July 29, 2025. The consensus among analysts is mixed, with a range of price targets suggesting varying levels of confidence in the stock's future performance.
Bottom Line
Okan Akin's recent sale of 85,951 shares of STEL highlights ongoing insider activity in the company. Investors often monitor such transactions for potential insights, though they don't necessarily indicate future performance. Institutional investors like BlackRock have also adjusted their positions. As always, these insider transactions are disclosed after the fact and should be considered part of a broader investment analysis.
Get Stellar Bancorp, Inc. alerts
New 13F filings, insider trades, and analyst moves on $STEL, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.