Park Sterling Corporation (PSTB) – Investment Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Park Sterling Corporation (NASDAQ: PSTB) in the last few weeks:

  • 8/3/2017 – Park Sterling Corporation had its “hold” rating reaffirmed by analysts at Brean Capital.
  • 7/28/2017 – Park Sterling Corporation had its “hold” rating reaffirmed by analysts at Brean Capital.
  • 7/27/2017 – Park Sterling Corporation was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/19/2017 – Park Sterling Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Park Sterling Corporation (NASDAQ:PSTB) traded down 0.77% on Wednesday, reaching $11.61. The company’s stock had a trading volume of 97,231 shares. The stock has a 50 day moving average price of $11.74 and a 200-day moving average price of $11.81. The company has a market capitalization of $614.22 million, a price-to-earnings ratio of 22.33 and a beta of 0.83. Park Sterling Corporation has a 1-year low of $7.50 and a 1-year high of $12.72.

Park Sterling Corporation (NASDAQ:PSTB) last released its earnings results on Thursday, July 27th. The bank reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.03. The firm 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 in the previous year, the business earned $0.12 EPS. Equities analysts predict that Park Sterling Corporation will post $0.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Monday, August 7th. Park Sterling Corporation’s dividend payout ratio is 30.77%.

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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