Park Sterling Corporation (NASDAQ:PSTB)‘s stock had its “hold” rating reiterated by stock analysts at Brean Capital in a note issued to investors on Thursday.
Other research analysts have also issued reports about the company. BidaskClub lowered Park Sterling Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. ValuEngine raised Park Sterling Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered Park Sterling Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $10.38.
Shares of Park Sterling Corporation (NASDAQ PSTB) opened at 11.67 on Thursday. The stock has a 50 day moving average price of $11.78 and a 200 day moving average price of $11.81. The company has a market capitalization of $617.39 million, a PE ratio of 22.44 and a beta of 0.83. Park Sterling Corporation has a 52-week low of $7.50 and a 52-week high of $12.72.
Park Sterling Corporation (NASDAQ:PSTB) last posted its quarterly 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 firm had revenue of $34.03 million for the quarter, compared to analyst estimates of $33.30 million. Park Sterling Corporation had a return on equity of 8.73% and a net margin of 19.00%. During the same quarter in the previous year, the firm earned $0.12 EPS. On average, analysts predict that Park Sterling Corporation will post $0.61 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. Mendon Capital Advisors Corp increased its position in shares of Park Sterling Corporation by 41.2% in the first quarter. Mendon Capital Advisors Corp now owns 2,920,738 shares of the bank’s stock worth $35,955,000 after buying an additional 851,837 shares in the last quarter. RMB Capital Management LLC increased its position in shares of Park Sterling Corporation by 45.1% in the first quarter. RMB Capital Management LLC now owns 1,803,494 shares of the bank’s stock worth $22,201,000 after buying an additional 560,916 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. increased its position in shares of Park Sterling Corporation by 307.7% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 517,712 shares of the bank’s stock worth $6,373,000 after buying an additional 390,726 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Park Sterling Corporation during the second quarter worth $3,715,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Park Sterling Corporation by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,032,148 shares of the bank’s stock worth $37,326,000 after buying an additional 194,494 shares in the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.
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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