Fred Robertson Sells Shares of STEL
Fred Robertson sold 100,461 shares of STEL on July 1, 2026.
Key Points
- Fred Robertson sold 100,461 shares of STEL on July 1, 2026, with the stock trading at $39.32 on Wednesday.
- Other insiders, including STEL's CEO Robert Franklin Jr., also sold shares on the same day.
- Keefe, Bruyette & Woods upgraded STEL to a 'buy' rating with a $44 target on February 3, 2026.
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On July 1, 2026, Fred Robertson sold 100,461 shares of STEL. The transaction wasn't part of a pre-arranged trading plan. Shares of STEL traded at $39.32 on Wednesday.
Insider Buying and Selling at Stellar Bancorp, Inc.
In addition to Fred Robertson, several other insiders at STEL sold shares on July 1, 2026. Justin Long, SEVP, GC & Secretary, sold 53,093 shares, while Joe West, Senior Executive VP, CCO, sold 102,193 shares. Okan Akin, Senior Executive VP, CRO, sold 85,951 shares, and Paul Egge, Senior Executive VP, CFO, sold 68,594 shares. The CEO, Robert Franklin Jr., also sold a substantial 418,843 shares.
Other Institutional Activity in STEL
BlackRock, Inc. increased its holdings in STEL by 10,111 shares, bringing its total to 6,747,686 shares valued at about $247.03 million, a modest 0.2% increase. Dimensional Fund Advisors LP added 154,135 shares, ending with 2,499,218 shares worth approximately $91.49 million, marking a 6.6% increase. State Street Corp boosted its position by 54,797 shares to a total of 2,128,169 shares, valued at $77.91 million, reflecting 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 increased its stake by 1,224,367 shares to 1,294,172 shares, a 1754% jump, valued at $47.38 million.
Analysts Set New Price Targets
On February 3, 2026, Keefe, Bruyette & Woods upgraded STEL to a 'buy' rating, setting a price target of $44. The firm had previously maintained a 'hold' rating with various targets in 2025. Piper Sandler maintained its 'hold' rating with a $30 target on July 29, 2025. The consensus among analysts is a 'hold' rating, with an average target price around the $30 mark.
Bottom Line
Fred Robertson's sale of STEL shares is part of a broader pattern of insider selling on July 1, 2026. Investors often track insider transactions for clues about a company's future, though sales can occur for many reasons. Institutional activity shows modest increases by major funds, and recent analyst upgrades suggest varied opinions on STEL's outlook.
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