Park Sterling Corporation (NASDAQ:PSTB) has earned a consensus rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $10.63.
Several research firms recently issued reports on PSTB. Brean Capital reissued a “hold” rating on shares of Park Sterling Corporation in a research report on Friday, July 28th. BidaskClub downgraded shares of Park Sterling Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Park Sterling Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday, August 18th. Finally, ValuEngine raised shares of Park Sterling Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
A number of large investors have recently modified their holdings of PSTB. Teachers Advisors LLC lifted its stake in Park Sterling Corporation by 18.0% during the 4th quarter. Teachers Advisors LLC now owns 103,205 shares of the bank’s stock valued at $1,114,000 after acquiring an additional 15,741 shares in the last quarter. LSV Asset Management lifted its stake in Park Sterling Corporation by 325.9% during the 1st quarter. LSV Asset Management now owns 87,300 shares of the bank’s stock valued at $1,074,000 after acquiring an additional 66,800 shares in the last quarter. Boston Partners lifted its stake in Park Sterling Corporation by 2.1% during the 1st quarter. Boston Partners now owns 227,817 shares of the bank’s stock valued at $2,804,000 after acquiring an additional 4,783 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Park Sterling Corporation by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 323,461 shares of the bank’s stock valued at $3,982,000 after acquiring an additional 17,291 shares in the last quarter. Finally, Suntrust Banks Inc. bought a new position in Park Sterling Corporation during the 1st quarter valued at $131,000. Institutional investors and hedge funds own 82.20% of the company’s stock.
Shares of Park Sterling Corporation (NASDAQ:PSTB) traded up 1.32% during mid-day trading on Friday, hitting $11.50. 156,154 shares of the stock were exchanged. The stock’s 50 day moving average price is $11.44 and its 200-day moving average price is $11.76. The stock has a market capitalization of $608.40 million, a P/E ratio of 22.12 and a beta of 0.83. Park Sterling Corporation has a 12-month low of $7.50 and a 12-month high of $12.72.
Park Sterling Corporation (NASDAQ:PSTB) last posted its quarterly earnings results on Thursday, July 27th. The bank reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. Park Sterling Corporation had a net margin of 19.00% and a return on equity of 8.67%. The business had revenue of $34.03 million during the quarter, compared to the consensus estimate of $33.30 million. During the same quarter last year, the firm posted $0.12 EPS. On average, equities research analysts expect that Park Sterling Corporation will post $0.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Wednesday, August 9th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Monday, August 7th. Park Sterling Corporation’s dividend payout ratio (DPR) is presently 30.77%.
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Park Sterling Corporation Company Profile
Park Sterling Corporation is a holding company for Park Sterling Bank (the Bank). The Bank is a North Carolina-chartered commercial non-member bank. The Company provides banking services to small and medium-sized businesses, real estate owners, residential builders, institutions, professionals and consumers doing business or residing within its target markets.
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