Park Sterling Corp. (PSTB) Shares Up 3.4%
Park Sterling Corp. (NASDAQ:PSTB) shot up 3.4% during trading on Tuesday . The stock traded as high as $8.51 and last traded at $8.47, with a volume of 114,320 shares changing hands. The stock had previously closed at $8.19.
Several brokerages recently commented on PSTB. Hovde Group boosted their price target on Park Sterling Corp. from $7.25 to $8.25 and gave the company an “outperform” rating in a research note on Monday, May 2nd. Zacks Investment Research cut Park Sterling Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Finally, Stephens raised 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 company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $8.00.
The firm has a 50 day moving average of $7.83 and a 200-day moving average of $7.15. The company has a market capitalization of $440.90 million and a PE ratio of 24.27.
Park Sterling Corp. (NASDAQ:PSTB) last released its earnings results on Thursday, July 28th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. During the same period last year, the business posted $0.10 earnings per share. Equities research analysts predict that Park Sterling Corp. will post $0.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 23rd. Shareholders of record on Tuesday, August 9th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.90%. This is a positive change from Park Sterling Corp.’s previous quarterly dividend of $0.03. 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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