Stellar Bancorp downgraded to Equal Weight from Overweight at Stephens

Stephens downgraded Stellar Bancorp (STEL) to Equal Weight from Overweight with a $34 price target While “optimistic” Stellar can defend the core net interest margin in the face of lower Fed Funds rates due to the bank’s unique repricing benefits from its fixed/variable rate loan portfolio, the firm expects profitability levels to moderate in 2025, the analyst tells investors.