Park Sterling Corp. (PSTB) Reaches New 12-Month High at $8.56
Shares of Park Sterling Corp. (NASDAQ:PSTB) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $8.56 and last traded at $8.43, with a volume of 42,639 shares traded. The stock had previously closed at $8.48.
PSTB has been the topic of several analyst reports. Zacks Investment Research lowered shares of Park Sterling Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Stephens raised shares of Park Sterling Corp. from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $8.00.
The company’s 50-day moving average is $7.89 and its 200-day moving average is $7.18. The company has a market cap of $440.38 million and a PE ratio of 24.24.
Park Sterling Corp. (NASDAQ:PSTB) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. During the same quarter last year, the company posted $0.10 EPS. Analysts predict 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. Stockholders of record on Tuesday, August 9th were given a dividend of $0.04 per share. This is a boost from Park Sterling Corp.’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was 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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