Park Sterling Corporation (PSTB) Receives Consensus Recommendation of “Hold” from Analysts

Park Sterling Corporation (NASDAQ:PSTB) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $9.83.

PSTB has been the topic of several analyst reports. BidaskClub cut Park Sterling Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. ValuEngine upgraded Park Sterling Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. Brean Capital reiterated a “hold” rating on shares of Park Sterling Corporation in a research note 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 objective on the stock in a research note on Friday, August 18th.

Shares of Park Sterling Corporation (PSTB) traded down 0.16% on Wednesday, hitting $12.79. The stock had a trading volume of 87,759 shares. The firm has a market cap of $676.64 million, a price-to-earnings ratio of 24.60 and a beta of 0.84. Park Sterling Corporation has a 12-month low of $8.00 and a 12-month high of $12.94. The stock has a 50 day moving average of $11.72 and a 200 day moving average of $11.79.

Park Sterling Corporation (NASDAQ:PSTB) last announced its quarterly earnings data on Thursday, July 27th. The bank reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $34.03 million for the quarter, compared to analysts’ expectations of $33.30 million. Park Sterling Corporation had a return on equity of 8.67% and a net margin of 19.00%. During the same period last year, the firm earned $0.12 earnings per share. Equities analysts predict that Park Sterling Corporation will post $0.63 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of PSTB. Mendon Capital Advisors Corp raised its stake in 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 valued at $35,955,000 after buying an additional 851,837 shares in the last quarter. RMB Capital Management LLC raised its stake in 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 valued at $22,201,000 after buying an additional 560,916 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Park Sterling Corporation in the second quarter valued at $5,474,000. Elizabeth Park Capital Advisors Ltd. raised its stake in 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 valued at $6,373,000 after buying an additional 390,726 shares in the last quarter. Finally, CNH Partners LLC acquired a new stake in Park Sterling Corporation in the second quarter valued at $4,563,000. Institutional investors own 82.11% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Park Sterling Corporation (PSTB) Receives Consensus Recommendation of “Hold” from Analysts” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/09/park-sterling-corporation-pstb-receives-consensus-recommendation-of-hold-fro

PSTB has been the topic of several analyst reports. BidaskClub cut Park Sterling Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. ValuEngine upgraded Park Sterling Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 27th. Brean Capital reiterated a “hold” rating on shares of Park Sterling Corporation in a research note 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 objective on the stock in a research note on Friday, August 18th.

Shares of Park Sterling Corporation (PSTB) traded down 0.16% on Wednesday, hitting $12.79. The stock had a trading volume of 87,759 shares. The firm has a market cap of $676.64 million, a price-to-earnings ratio of 24.60 and a beta of 0.84. Park Sterling Corporation has a 12-month low of $8.00 and a 12-month high of $12.94. The stock has a 50 day moving average of $11.72 and a 200 day moving average of $11.79.

Park Sterling Corporation (NASDAQ:PSTB) last announced its quarterly earnings data on Thursday, July 27th. The bank reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $34.03 million for the quarter, compared to analysts’ expectations of $33.30 million. Park Sterling Corporation had a return on equity of 8.67% and a net margin of 19.00%. During the same period last year, the firm earned $0.12 earnings per share. Equities analysts predict that Park Sterling Corporation will post $0.63 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of PSTB. Mendon Capital Advisors Corp raised its stake in 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 valued at $35,955,000 after buying an additional 851,837 shares in the last quarter. RMB Capital Management LLC raised its stake in 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 valued at $22,201,000 after buying an additional 560,916 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Park Sterling Corporation in the second quarter valued at $5,474,000. Elizabeth Park Capital Advisors Ltd. raised its stake in 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 valued at $6,373,000 after buying an additional 390,726 shares in the last quarter. Finally, CNH Partners LLC acquired a new stake in Park Sterling Corporation in the second quarter valued at $4,563,000. Institutional investors own 82.11% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Park Sterling Corporation (PSTB) Receives Consensus Recommendation of “Hold” from Analysts” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/09/park-sterling-corporation-pstb-receives-consensus-recommendation-of-hold-from-analysts.html.

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.

Analyst Recommendations for Park Sterling Corporation (NASDAQ:PSTB)

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