Park Sterling Corp. (PSTB) Sets New 52-Week High at $8.20
Park Sterling Corp. (NASDAQ:PSTB)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $8.20 and last traded at $8.15, with a volume of 95,575 shares changing hands. The stock had previously closed at $8.16.
PSTB has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Park Sterling Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Stephens raised shares of Park Sterling Corp. from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 5th. Finally, Hovde Group raised their price objective on shares of Park Sterling Corp. from $7.25 to $8.25 and gave the company an “outperform” rating in a research note on Monday, May 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $8.00.
The firm has a 50 day moving average of $7.77 and a 200-day moving average of $7.11. The stock has a market cap of $427.29 million and a P/E ratio of 23.52.
Park Sterling Corp. (NASDAQ:PSTB) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. During the same quarter last year, the firm earned $0.10 EPS. Equities research analysts anticipate that Park Sterling Corp. will post $0.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Tuesday, August 9th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Friday, August 5th. This is a positive change from Park Sterling Corp.’s previous quarterly dividend of $0.03.
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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