Stephens & Co.
Upgrade grade
A
Downgrade grade
B
Stephens Inc. was founded in 1933 as a regional investment bank headquartered in Little Rock, Arkansas, and has grown into a mid-market powerhouse serving institutional and retail clients across the United States. The firm maintains a lean but highly regarded research operation, with their approximately 3,716 analyst ratings calls covering US equities demonstrating consistent engagement with the market. Stephens is particularly known for deep expertise in specialized sectors including healthcare, industrials, consumer discretionary, and telecommunications, where the firm has built strong relationships with corporate management teams and institutional investors. The firm has cultivated a distinctive reputation for independent, thoughtful research driven by fundamental analysis rather than market consensus, often earning respect from both companies and investors for maintaining rigorous standards and providing contrarian perspectives when warranted.
Upgrades
348
79.02% win rate
· avg +3.04% D1
Downgrades
328
76.52% win rate
· avg -3.23% D1
Avg Gap — Upgrades
+2.43%
open vs prev close
Avg Gap — Downgrades
-3.10%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Financial Services | 71.13% (97) | +1.53% | 69.15% (94) | -2.09% |
| Industrials | 88.68% (53) | +3.36% | 83.33% (66) | -3.47% |
| Consumer Cyclical | 78.85% (52) | +2.76% | 74.36% (39) | -2.85% |
| Consumer Defensive | 92.31% (39) | +5.00% | 89.66% (29) | -4.98% |
| Healthcare | 75.00% (28) | +5.61% | 75.76% (33) | -4.70% |
| Technology | 77.42% (31) | +3.11% | 69.23% (26) | -4.35% |
| Energy | 71.43% (21) | +1.49% | 66.67% (12) | -2.84% |
| Basic Materials | 81.25% (16) | +3.70% | 87.50% (16) | -1.64% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2025 | 100.0% | 18 | 70.0% | 10 |
| 2024 | 77.8% | 18 | 85.7% | 21 |
| 2023 | 90.0% | 20 | 72.7% | 22 |
| 2022 | 73.3% | 15 | 72.2% | 36 |
| 2021 | 77.3% | 44 | 88.0% | 25 |
| 2020 | 65.1% | 43 | 72.5% | 40 |
| 2019 | 80.6% | 31 | 75.9% | 29 |
| 2018 | 75.0% | 24 | 83.3% | 24 |
| 2017 | 65.2% | 23 | 75.0% | 16 |
| 2016 | 82.1% | 28 | 80.6% | 31 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| Apr 30, 2026 | PRG | PROG Holdings, Inc. | Industrials | Maintains | Overweight → Overweight | — | -1.0% | -0.0% |
| Apr 30, 2026 | BUSE | First Busey Corporation | Financial Services | Maintains | Equal Weight → Equal Weight | — | -0.5% | +1.7% |
| Apr 30, 2026 | TENB | Tenable Holdings, Inc. | Technology | Maintains | Equal Weight → Equal Weight | — | -5.5% | -2.7% |
| Apr 30, 2026 | RUSHA | Rush Enterprises, Inc. | Consumer Cyclical | Maintains | Overweight → Overweight | — | +0.0% | +2.8% |
| Apr 30, 2026 | SOFI | SoFi Technologies, Inc. | Financial Services | Maintains | Overweight → Overweight | — | +1.5% | +3.7% |
| Apr 30, 2026 | VMC | Vulcan Materials Company | Basic Materials | Maintains | Overweight → Overweight | — | -0.1% | +1.9% |
| Apr 30, 2026 | ODFL | Old Dominion Freight Line, Inc. | Industrials | Maintains | Overweight → Overweight | — | +0.2% | +1.5% |
| Apr 30, 2026 | CMG | Chipotle Mexican Grill, Inc. | Consumer Cyclical | Maintains | Equal Weight → Equal Weight | — | +6.4% | +3.0% |
| Apr 29, 2026 | FSBC | Five Star Bancorp | Financial Services | Maintains | Equal Weight → Equal Weight | — | +0.0% | +0.4% |
| Apr 29, 2026 | FSUN | FirstSun Capital Bancorp | Financial Services | Maintains | Overweight → Overweight | — | -3.2% | -4.9% |
| Apr 29, 2026 | GABC | German American Bancorp, Inc. | Financial Services | Maintains | Overweight → Overweight | — | -0.5% | -0.4% |
| Apr 29, 2026 | VRNS | Varonis Systems, Inc. | Technology | Maintains | Equal Weight → Equal Weight | — | +16.8% | +7.3% |
| Apr 29, 2026 | GBCI | Glacier Bancorp, Inc. | Financial Services | Maintains | Overweight → Overweight | — | -0.2% | -2.6% |
| Apr 29, 2026 | CBC | Central Bancompany, Inc. Class A Common Stock | Financial Services | Maintains | Overweight → Overweight | — | +0.6% | +1.2% |
| Apr 29, 2026 | WSO | Watsco, Inc. | Industrials | Maintains | Overweight → Overweight | — | +4.1% | -2.3% |
| Apr 28, 2026 | LC | LendingClub Corporation | Financial Services | Maintains | Overweight → Overweight | — | +6.7% | -1.8% |
| Apr 28, 2026 | UCB | United Community Banks, Inc. | Financial Services | Maintains | Overweight → Overweight | — | +1.2% | -0.1% |
| Apr 28, 2026 | SSD | Simpson Manufacturing Co., Inc. | Industrials | Maintains | Equal Weight → Equal Weight | — | +1.9% | +2.5% |
| Apr 27, 2026 | MZTI | The Marzetti Company | Consumer Defensive | Maintains | Equal Weight → Equal Weight | — | -0.2% | +0.1% |
| Apr 27, 2026 | WSFS | WSFS Financial Corporation | Financial Services | Maintains | Overweight → Overweight | — | +0.3% | +0.4% |
| Apr 27, 2026 | ABCB | Ameris Bancorp | Financial Services | Maintains | Equal Weight → Equal Weight | — | +0.5% | +0.3% |
| Apr 27, 2026 | FAF | First American Financial Corporation | Financial Services | Maintains | Overweight → Overweight | — | -0.2% | -2.0% |
| Apr 27, 2026 | BLDR | Builders FirstSource, Inc. | Industrials | Maintains | Equal Weight → Equal Weight | — | -0.2% | -0.2% |
| Apr 27, 2026 | HCA | HCA Healthcare, Inc. | Healthcare | Maintains | Overweight → Overweight | — | +1.4% | +3.1% |
| Apr 24, 2026 | TCBX | Third Coast Bancshares, Inc. | Financial Services | Maintains | Overweight → Overweight | — | -0.9% | -2.9% |