According to Zacks, “Park Sterling Corp, formerly known as Park Sterling Bank, is engaged in providing banking products and services. The Bank offers personal and commercial banking products including regular checking, sterling checking, sterling money market, sterling savings, certificates of deposit and IRA’s, loans, Visa debit cards, online banking and bill pay, IOLTA checking, sweep accounts, merchant capture, merchant point of sale and various other products and services. Park Sterling Corp is headquartered in Charlotte, North Carolina. “
Separately, Stephens raised Park Sterling Corp. from an equal weight rating to an overweight rating in a research report on Tuesday, July 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $8.00.
Park Sterling Corp. (NASDAQ:PSTB) opened at 8.17 on Friday. Park Sterling Corp. has a 52 week low of $5.90 and a 52 week high of $8.59. The firm has a 50-day moving average of $8.23 and a 200 day moving average of $7.44. The stock has a market capitalization of $427.81 million, a price-to-earnings ratio of 23.54 and a beta of 1.05.
Park Sterling Corp. (NASDAQ:PSTB) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Park Sterling Corp. had a return on equity of 7.23% and a net margin of 13.58%. During the same quarter last year, the firm posted $0.10 EPS. On average, analysts anticipate that Park Sterling Corp. will post $0.51 EPS for the current year.
Several institutional investors have recently made changes to their positions in PSTB. Airain ltd acquired a new position in shares of Park Sterling Corp. during the second quarter worth about $111,000. Bank of Montreal Can purchased a new stake in Park Sterling Corp. during the second quarter valued at about $125,000. BlackRock Advisors LLC raised its stake in Park Sterling Corp. by 3.7% in the second quarter. BlackRock Advisors LLC now owns 26,280 shares of the company’s stock valued at $186,000 after buying an additional 945 shares in the last quarter. American International Group Inc. raised its stake in Park Sterling Corp. by 12.3% in the second quarter. American International Group Inc. now owns 29,680 shares of the company’s stock valued at $210,000 after buying an additional 3,249 shares in the last quarter. Finally, FDx Advisors Inc. raised its stake in Park Sterling Corp. by 10.5% in the second quarter. FDx Advisors Inc. now owns 30,864 shares of the company’s stock valued at $219,000 after buying an additional 2,943 shares in the last quarter. 77.24% of the stock is currently owned by institutional investors.
Park Sterling Corp. Company Profile
Park Sterling Corporation is a holding company for Park Sterling Bank (the Bank). The Bank is a North Carolina-chartered commercial nonmember bank. The Company provides banking services to small and mid-sized businesses, real estate owners, residential builders, institutions, professionals and consumers doing business or residing within its target markets.
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