Park Sterling Corp. (PSTB) Sets New 1-Year High at $8.20
Park Sterling Corp. (NASDAQ:PSTB) shares hit 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. The stock had previously closed at $8.12.
A number of research analysts recently weighed in on PSTB shares. Zacks Investment Research lowered Park Sterling Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Stephens raised Park Sterling Corp. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 5th. Finally, Hovde Group upped their price objective on Park Sterling Corp. from $7.25 to $8.25 and gave the stock an “outperform” rating in a report on Monday, May 2nd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Park Sterling Corp. currently has an average rating of “Buy” and an average price target of $8.00.
The stock has a market cap of $426.77 million and a P/E ratio of 23.49. The firm’s 50 day moving average is $7.68 and its 200-day moving average is $7.07.
Park Sterling Corp. (NASDAQ:PSTB) last issued its earnings results 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 period last year, the business posted $0.10 earnings per share. On average, equities research analysts forecast that Park Sterling Corp. will post $0.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 23rd. Stockholders of record on Tuesday, August 9th will be given a $0.04 dividend. This is a boost from Park Sterling Corp.’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Friday, August 5th. This represents a $0.16 annualized dividend and a dividend yield of 1.96%.
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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