Headlines about Park Sterling (NASDAQ:PSTB) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Park Sterling earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.2248199968016 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Park Sterling (PSTB) opened at $12.87 on Friday. The stock has a market capitalization of $686.80, a PE ratio of 22.98 and a beta of 0.85. Park Sterling has a twelve month low of $9.60 and a twelve month high of $13.20. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17.
Park Sterling (NASDAQ:PSTB) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $33.21 million for the quarter, compared to analyst estimates of $33.20 million. Park Sterling had a return on equity of 9.35% and a net margin of 26.18%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 earnings per share. sell-side analysts forecast that Park Sterling will post 0.6 EPS for the current year.
PSTB has been the topic of several recent analyst reports. Stephens lowered Park Sterling from an “overweight” rating to an “equal weight” rating in a report on Friday, October 27th. Brean Capital reissued a “hold” rating on shares of Park Sterling in a report on Friday, October 27th. Zacks Investment Research lowered Park Sterling from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, ValuEngine lowered Park Sterling from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $13.00.
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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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