Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Park Sterling Corporation (PSTB) Share Price
News headlines about Park Sterling Corporation (NASDAQ:PSTB) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public 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 0.11 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.5413490708893 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Park Sterling Corporation (PSTB) Lowered to “Equal Weight” at Stephens (americanbankingnews.com)
- Park Sterling Corporation (PSTB) Stock Rating Reaffirmed by Brean Capital (americanbankingnews.com)
- Park Sterling : posts 3Q profit (4-traders.com)
- Park Sterling Corporation (PSTB) Declares $0.04 Quarterly Dividend (americanbankingnews.com)
- Park Sterling Corporation (PSTB) Issues Earnings Results, Beats Estimates By $0.01 EPS (americanbankingnews.com)
A number of research firms have recently commented on PSTB. Brean Capital reissued a “hold” rating on shares of Park Sterling Corporation in a research note on Friday. BidaskClub upgraded shares of Park Sterling Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research lowered shares of Park Sterling Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine lowered shares of Park Sterling Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Stephens lowered shares of Park Sterling Corporation from an “overweight” rating to an “equal weight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $10.63.
Park Sterling Corporation (NASDAQ PSTB) traded down 2.33% during trading on Monday, reaching $12.59. 159,914 shares of the company were exchanged. Park Sterling Corporation has a 12 month low of $8.37 and a 12 month high of $13.07. The stock has a 50 day moving average price of $12.34 and a 200 day moving average price of $11.89. The firm has a market capitalization of $666.06 million, a PE ratio of 24.21 and a beta of 0.84.
Park Sterling Corporation (NASDAQ:PSTB) last posted its earnings results on Thursday, October 26th. The bank reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Park Sterling Corporation had a net margin of 20.24% and a return on equity of 9.17%. The firm had revenue of $33.21 million during the quarter, compared to the consensus estimate of $33.20 million. During the same period last year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts expect that Park Sterling Corporation will post $0.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Wednesday, November 8th will be issued a dividend of $0.04 per share. The ex-dividend date is Tuesday, November 7th. This represents a $0.16 annualized dividend and a yield of 1.27%. Park Sterling Corporation’s dividend payout ratio (DPR) is currently 28.57%.
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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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