Several other equities analysts also recently weighed in on PSTB. Zacks Investment Research upgraded Park Sterling Corp. from a sell rating to a hold rating in a research report on Friday, September 23rd. Stephens upgraded Park Sterling Corp. from an equal weight rating to an overweight rating in a report on Tuesday, July 5th. Finally, ING Group downgraded Park Sterling Corp. from an outperform rating to a market perform rating in a report on Thursday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $8.00.
Shares of Park Sterling Corp. (NASDAQ:PSTB) traded down 0.061% during trading on Thursday, reaching $8.135. The company had a trading volume of 28,441 shares. The company has a market capitalization of $425.98 million, a P/E ratio of 23.444 and a beta of 0.92. The firm has a 50-day moving average price of $8.24 and a 200-day moving average price of $7.50. Park Sterling Corp. has a 52-week low of $5.90 and a 52-week high of $8.59.
Park Sterling Corp. (NASDAQ:PSTB) last released its earnings results on Thursday, July 28th. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ 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 in the prior year, the firm earned $0.10 EPS. On average, analysts predict that Park Sterling Corp. will post $0.51 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. Airain ltd bought a new stake in shares of Park Sterling Corp. during the second quarter valued at approximately $111,000. Bank of Montreal Can bought a new stake in shares of Park Sterling Corp. during the second quarter valued at approximately $125,000. Bremer Trust National Association increased its stake in shares of Park Sterling Corp. by 3.3% in the third quarter. Bremer Trust National Association now owns 17,797 shares of the company’s stock valued at $145,000 after buying an additional 564 shares during the last quarter. BlackRock Advisors LLC increased its stake in shares of 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 during the last quarter. Finally, American International Group Inc. increased its stake in shares of 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 during the last quarter. Institutional investors own 77.24% of the company’s stock.
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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