Somewhat Positive Press Coverage Somewhat Unlikely to Affect Park Sterling Corporation (NASDAQ:PSTB) Stock Price
Headlines about Park Sterling Corporation (NASDAQ:PSTB) have been trending somewhat positive on Sunday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Park Sterling Corporation earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 45.9679608948089 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of analysts recently issued reports on PSTB shares. Brean Capital restated a “hold” rating on shares of Park Sterling Corporation in a research report on Thursday, August 3rd. ValuEngine upgraded shares of Park Sterling Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 27th. BidaskClub lowered shares of Park Sterling Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research lowered shares of Park Sterling Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.38.
Shares of Park Sterling Corporation (NASDAQ PSTB) traded down 1.39% during mid-day trading on Friday, reaching $11.35. 381,570 shares of the company were exchanged. The company’s 50 day moving average price is $11.70 and its 200 day moving average price is $11.84. Park Sterling Corporation has a 12 month low of $7.50 and a 12 month high of $12.72. The firm has a market capitalization of $600.46 million, a PE ratio of 21.83 and a beta of 0.83.
Park Sterling Corporation (NASDAQ:PSTB) last released its quarterly earnings results on Thursday, July 27th. The bank reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. Park Sterling Corporation had a net margin of 19.00% and a return on equity of 8.67%. The business had revenue of $34.03 million for the quarter, compared to analyst estimates of $33.30 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. Equities analysts anticipate that Park Sterling Corporation will post $0.62 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Wednesday, August 9th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, August 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.41%. Park Sterling Corporation’s dividend payout ratio is currently 30.77%.
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About Park Sterling Corporation
Park Sterling Corporation is a holding company for Park Sterling Bank (the Bank). The Bank is a North Carolina-chartered commercial non-member bank. The Company provides banking services to small and medium-sized businesses, real estate owners, residential builders, institutions, professionals and consumers doing business or residing within its target markets.
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