News stories about Park Sterling Corporation (NASDAQ:PSTB) have trended very positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Park Sterling Corporation earned a coverage optimism score of 0.53 on Accern’s scale. Accern also gave news articles about the bank an impact score of 85 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the next few days.
A number of equities research analysts have weighed in on PSTB shares. Brean Capital started coverage on Park Sterling Corporation in a report on Friday, February 24th. They issued a “hold” rating on the stock. Zacks Investment Research downgraded Park Sterling Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Finally, ValuEngine raised Park Sterling Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $10.38.
Park Sterling Corporation (NASDAQ:PSTB) traded down 1.00% during midday trading on Tuesday, hitting $11.89. The company had a trading volume of 147,278 shares. Park Sterling Corporation has a 52 week low of $6.68 and a 52 week high of $12.72. The firm has a market capitalization of $626.86 million, a P/E ratio of 25.30 and a beta of 0.85. The firm’s 50 day moving average is $11.87 and its 200-day moving average is $11.56.
Park Sterling Corporation (NASDAQ:PSTB) last issued its quarterly earnings results on Thursday, April 27th. The bank reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. Park Sterling Corporation had a net margin of 17.35% and a return on equity of 7.95%. The business had revenue of $32.53 million for the quarter, compared to analyst estimates of $31.95 million. During the same quarter in the prior year, the business posted $0.12 EPS. Park Sterling Corporation’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that Park Sterling Corporation will post $0.59 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Tuesday, May 9th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, May 5th. This represents a $0.16 dividend on an annualized basis and a yield of 1.35%. Park Sterling Corporation’s payout ratio is 34.04%.
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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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