News articles about Park Sterling (NASDAQ:PSTB) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Park Sterling earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media stories about the bank an impact score of 45.5618329020099 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several brokerages have issued reports on PSTB. Brean Capital reissued a “hold” rating on shares of Park Sterling in a research note on Friday, October 27th. Stephens cut shares of Park Sterling from an “overweight” rating to an “equal weight” rating in a research note on Friday, October 27th. Zacks Investment Research cut shares of Park Sterling from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, ValuEngine cut shares of Park Sterling from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $13.00.
Park Sterling (NASDAQ PSTB) opened at $12.87 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $686.80, a price-to-earnings ratio of 22.98 and a beta of 0.85. Park Sterling has a 12 month low of $9.60 and a 12 month high of $13.20.
Park Sterling (NASDAQ:PSTB) last announced its quarterly earnings data on Thursday, October 26th. The bank reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. Park Sterling had a net margin of 26.18% and a return on equity of 9.35%. The company had revenue of $33.21 million for the quarter, compared to analysts’ expectations of $33.20 million. During the same period in the previous year, the company posted $0.14 EPS. Park Sterling’s revenue was up 6.2% compared to the same quarter last year. equities research analysts anticipate that Park Sterling will post 0.6 earnings per share for the current fiscal year.
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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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