Shares of StellarOne Corp. (STEL) of Charlottesville, Va., closed at $13.23 Monday, returning 18% year-to-date, following a 21% decline during 2011.
The shares trade just below their June 30 tangible book value, and for 14 times the consensus 2013 EPS estimate of 97 cents. The consensus 2012 EPS estimate is 92 cents.
Based on a quarterly payout of six cents, the shares have a dividend yield of 1.81%.
StellarOne's ROA for 12 months ending June 30 0.66%, while the company's ROE was 4.62%.The company reported second-quarter 2012 net income available to common shareholders of $4.9 million, or 0.21 cents a share, declining from $5.5 million, or 24 cents a share, in the first quarter, but increasing from $3.3 million, or 14 cents a share, in the second quarter of 2011. The second-quarter results included $824,000, or three cents a share, in severance costs. The second-quarter provision for loan losses was $1.4 million, increasing from $850,000 the previous quarter, but declining sharply from $3.2 million a year earlier. KBW analyst Catherine Mealor rates StellarOne "Market Perform," with a price target of $13, saying in July after the company reported its second-quarter results that the company's better-than-expected results "came on a stable
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