STEL CEO Franklin Robert Jr. Sells Shares
On July 1, 2026, STEL's CEO, Franklin Robert Jr., sold 418,843 shares.
Key Points
- Franklin Robert Jr., CEO of STEL, sold 418,843 shares on July 1, 2026.
- STEL shares traded at $39.32 on Wednesday, with institutional investors adjusting their positions.
- Analysts from Keefe, Bruyette & Woods upgraded STEL to 'buy' with a $44 target in February 2026.
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Franklin Robert Jr., the CEO of STEL, sold 418,843 shares of the company on July 1, 2026. This transaction was not part of a pre-planned trading program. Shares of STEL were trading at $39.32 on the day of the sale.
Insider Buying and Selling at Stellar Bancorp, Inc.
Several insiders at STEL made significant transactions on July 1, 2026. Justin Long, the SEVP, GC & Secretary, sold 53,093 shares. Joe West, Senior Executive VP and CCO, sold 102,193 shares, while Okan Akin, Senior Executive VP and CRO, sold 85,951 shares. Additionally, Paul Egge, Senior Executive VP and CFO, sold 68,594 shares, and Laura Bellows sold 2,230 shares.
Other Institutional Activity in STEL
In recent institutional activity, BlackRock, Inc. increased its holdings by 10,111 shares, bringing its total to 6,747,686 shares valued at approximately $247.03 million. Dimensional Fund Advisors LP added 154,135 shares, now holding 2,499,218 shares worth about $91.49 million, marking a 6.6% increase. State Street Corp also grew its position by 54,797 shares to 2,128,169 shares, valued at $77.91 million, a 2.6% increase. Vanguard Capital Management LLC opened a new position with 2,034,503 shares valued at $74.48 million. Balyasny Asset Management L.P. significantly boosted its stake by 1,224,367 shares, a 1,754% increase, to a total of 1,294,172 shares worth $47.38 million.
Analysts Set New Price Targets
On February 3, 2026, Keefe, Bruyette & Woods upgraded their rating on STEL to 'buy' with a price target of $44. This reflects a positive outlook compared to previous targets. Piper Sandler, on the other hand, maintained a 'hold' rating with a $30 target since July 2025.
Bottom Line
Franklin Robert Jr.'s sale of STEL shares, alongside other insider transactions, could be of interest to investors monitoring insider activity. Institutional investors are actively adjusting their positions, with some increasing their stakes significantly. Analyst upgrades, such as Keefe, Bruyette & Woods' recent 'buy' rating, provide additional context for STEL's market performance. These insider and institutional activities, combined with analyst opinions, offer a comprehensive view of the current sentiment around STEL.
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