Park Sterling Corporation (PSTB) Receives Consensus Rating of “Hold” from Analysts
Park Sterling Corporation (NASDAQ:PSTB) has been given an average recommendation of “Hold” by the ten research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $9.83.
Several analysts have recently issued reports on the stock. ValuEngine raised shares of Park Sterling Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research cut shares of Park Sterling Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. BidaskClub cut shares of Park Sterling Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Brean Capital reissued a “hold” rating on shares of Park Sterling Corporation in a research report on Thursday, August 3rd.
Shares of Park Sterling Corporation (NASDAQ:PSTB) traded down 0.95% during midday trading on Tuesday, reaching $11.45. 91,064 shares of the company were exchanged. The firm has a 50-day moving average of $11.70 and a 200 day moving average of $11.84. Park Sterling Corporation has a 52 week low of $7.50 and a 52 week high of $12.72. The firm has a market capitalization of $605.75 million, a P/E ratio of 22.02 and a beta of 0.83.
Park Sterling Corporation (NASDAQ:PSTB) last announced its earnings results on Thursday, July 27th. The bank reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The company had revenue of $34.03 million during the quarter, compared to analyst estimates of $33.30 million. Park Sterling Corporation had a net margin of 19.00% and a return on equity of 8.67%. During the same quarter last year, the firm posted $0.12 earnings per share. On average, equities research analysts expect that Park Sterling Corporation will post $0.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.16 annualized dividend and a dividend yield of 1.40%. Park Sterling Corporation’s dividend payout ratio is presently 30.77%.
Several hedge funds have recently modified their holdings of PSTB. American International Group Inc. boosted its stake in shares of Park Sterling Corporation by 7.1% in the first quarter. American International Group Inc. now owns 31,745 shares of the bank’s stock valued at $391,000 after buying an additional 2,097 shares in the last quarter. AlphaOne Investment Services LLC boosted its stake in shares of Park Sterling Corporation by 1.2% in the first quarter. AlphaOne Investment Services LLC now owns 344,977 shares of the bank’s stock valued at $4,246,000 after buying an additional 4,072 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of Park Sterling Corporation during the first quarter valued at about $257,000. Karp Capital Management Corp acquired a new stake in shares of Park Sterling Corporation during the first quarter valued at about $145,000. Finally, Teza Capital Management LLC acquired a new stake in shares of Park Sterling Corporation during the first quarter valued at about $162,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.
Park Sterling Corporation Company Profile
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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