Park Sterling Corp. (PSTB) Reaches New 52-Week High at $8.56
Park Sterling Corp. (NASDAQ:PSTB)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $8.56 and last traded at $8.43, with a volume of 42,639 shares. The stock had previously closed at $8.48.
A number of research firms have recently issued reports on PSTB. Zacks Investment Research upgraded Park Sterling Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday. Stephens upgraded Park Sterling Corp. from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $8.00.
The stock’s 50 day moving average price is $7.93 and its 200 day moving average price is $7.19. The stock has a market capitalization of $447.19 million and a PE ratio of 24.61.
Park Sterling Corp. (NASDAQ:PSTB) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. During the same quarter last year, the company posted $0.10 earnings per share. Equities research analysts expect 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. Shareholders of record on Tuesday, August 9th were issued a $0.04 dividend. The ex-dividend date was Friday, August 5th. This represents a $0.16 dividend on an annualized basis and a yield of 1.87%. This is an increase 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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