Park Sterling Corp. (PSTB) Hits New 52-Week High at $8.20
Shares of Park Sterling Corp. (NASDAQ:PSTB) reached a new 52-week high on Thursday . The company traded as high as $8.20 and last traded at $8.18, with a volume of 19,879 shares traded. The stock had previously closed at $8.12.
A number of research firms recently weighed in on PSTB. Hovde Group upped their target price on shares of Park Sterling Corp. from $7.25 to $8.25 and gave the stock an “outperform” rating in a research note on Monday, May 2nd. Zacks Investment Research lowered shares of Park Sterling Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Finally, Stephens upgraded shares of Park Sterling Corp. from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 5th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $8.00.
The company’s 50-day moving average is $7.61 and its 200 day moving average is $7.06. The company has a market cap of $425.98 million and a P/E ratio of 23.444.
Park Sterling Corp. (NASDAQ:PSTB) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. During the same period last year, the business earned $0.10 earnings per share. Equities research analysts anticipate that Park Sterling Corp. will post $0.51 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 23rd. Stockholders of record on Tuesday, August 9th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.97%. This is a positive change from Park Sterling Corp.’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Friday, August 5th.
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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