Press coverage about Park Sterling (NASDAQ:PSTB) has trended somewhat positive on Friday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Park Sterling earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.5662993143507 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
PSTB has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Park Sterling from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Friday, August 18th. BidaskClub upgraded shares of Park Sterling from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. ValuEngine downgraded shares of Park Sterling from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Stephens cut shares of Park Sterling from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 27th. Finally, Brean Capital reaffirmed a “hold” rating on shares of Park Sterling in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Park Sterling currently has a consensus rating of “Hold” and a consensus price target of $13.00.
Shares of Park Sterling (NASDAQ:PSTB) traded down $0.14 during trading on Friday, hitting $12.87. 631,700 shares of the stock were exchanged, compared to its average volume of 237,913. The company has a market capitalization of $686.80, a PE ratio of 20.76 and a beta of 0.85. Park Sterling has a 52 week low of $9.60 and a 52 week high of $13.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 0.90.
Park Sterling (NASDAQ:PSTB) last announced its earnings results on Thursday, October 26th. The bank reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. Park Sterling had a net margin of 20.24% and a return on equity of 9.08%. The company had revenue of $33.21 million during the quarter, compared to analysts’ expectations of $33.20 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. Park Sterling’s quarterly revenue was up 6.2% on a year-over-year basis. equities analysts anticipate that Park Sterling will post 0.6 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Wednesday, November 8th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, November 7th. This represents a $0.16 annualized dividend and a yield of 1.24%. Park Sterling’s dividend payout ratio is 28.57%.
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About Park Sterling
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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