News coverage about Park Sterling Corporation (NASDAQ:PSTB) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Park Sterling Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.2148504472123 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Park Sterling Corporation (NASDAQ:PSTB) traded down $0.05 during midday trading on Friday, hitting $12.59. The stock had a trading volume of 45,320 shares, compared to its average volume of 134,450. Park Sterling Corporation has a 1-year low of $8.37 and a 1-year high of $13.07. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.17. The company has a market cap of $671.87, a P/E ratio of 20.31 and a beta of 0.85.
Park Sterling Corporation (NASDAQ:PSTB) last issued its quarterly earnings results on Thursday, October 26th. The bank reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The business had revenue of $33.21 million during the quarter, compared to the consensus estimate of $33.20 million. Park Sterling Corporation had a return on equity of 9.17% and a net margin of 20.24%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. research analysts forecast that Park Sterling Corporation will post 0.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Wednesday, November 8th will be paid a dividend of $0.04 per share. The ex-dividend date is Tuesday, November 7th. This represents a $0.16 dividend on an annualized basis and a yield of 1.27%. Park Sterling Corporation’s payout ratio is currently 28.57%.
A number of equities research analysts have recently weighed in on PSTB shares. Stephens downgraded Park Sterling Corporation from an “overweight” rating to an “equal weight” rating in a report on Friday, October 27th. BidaskClub downgraded Park Sterling Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. ValuEngine upgraded Park Sterling Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. Brean Capital reiterated a “hold” rating on shares of Park Sterling Corporation in a report on Friday, July 28th. Finally, Zacks Investment Research upgraded Park Sterling Corporation from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Friday, August 18th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $11.00.
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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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