Park Sterling Corp. (PSTB) Hits New 1-Year High at $8.20
Park Sterling Corp. (NASDAQ:PSTB) reached a new 52-week high during trading on Friday . The company traded as high as $8.20 and last traded at $8.15, with a volume of 95,575 shares. The stock had previously closed at $8.16.
A number of equities research analysts recently commented on the company. Hovde Group lifted their target price on Park Sterling Corp. from $7.25 to $8.25 and gave the stock an “outperform” rating in a report on Monday, May 2nd. Zacks Investment Research downgraded Park Sterling Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Finally, Stephens raised Park Sterling Corp. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Park Sterling Corp. presently has a consensus rating of “Buy” and a consensus price target of $8.00.
The company has a market capitalization of $429.38 million and a P/E ratio of 23.63. The stock’s 50-day moving average price is $7.80 and its 200 day moving average price is $7.13.
Park Sterling Corp. (NASDAQ:PSTB) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. During the same period in the previous year, the company posted $0.10 EPS. On average, analysts predict that Park Sterling Corp. will post $0.51 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 23rd. Shareholders of record on Tuesday, August 9th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.16 annualized dividend and a yield of 1.95%. This is a boost 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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