Park Sterling Corp. (PSTB) Trading Up 3.4%
Park Sterling Corp. (NASDAQ:PSTB) shares were up 3.4% during mid-day trading on Tuesday . The stock traded as high as $8.51 and last traded at $8.47, with a volume of 114,320 shares. The stock had previously closed at $8.19.
Several research analysts recently issued reports on PSTB shares. Zacks Investment Research lowered shares of Park Sterling Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Stephens raised shares of Park Sterling Corp. from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Park Sterling Corp. has an average rating of “Buy” and a consensus target price of $8.00.
The firm has a market cap of $444.05 million and a PE ratio of 24.44. The firm’s 50-day moving average price is $7.89 and its 200-day moving average price is $7.18.
Park Sterling Corp. (NASDAQ:PSTB) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. During the same quarter in the prior year, the business earned $0.10 earnings per share. On average, equities research analysts anticipate that Park Sterling Corp. will post $0.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 23rd. Stockholders of record on Tuesday, August 9th were issued a $0.04 dividend. This is an increase from Park Sterling Corp.’s previous quarterly dividend of $0.03. The ex-dividend date was Friday, August 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.89%.
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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