Dalton Greiner Hartman Maher & Co. lowered its position in Park Sterling Corp. (NASDAQ:PSTB) by 7.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 348,011 shares of the company’s stock after selling 26,860 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Park Sterling Corp. were worth $2,826,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in Park Sterling Corp. during the second quarter worth approximately $125,000. Deprince Race & Zollo Inc. boosted its stake in Park Sterling Corp. by 12.3% in the second quarter. Deprince Race & Zollo Inc. now owns 1,184,092 shares of the company’s stock worth $8,395,000 after buying an additional 129,756 shares in the last quarter. Monarch Partners Asset Management LLC boosted its stake in Park Sterling Corp. by 23.1% in the second quarter. Monarch Partners Asset Management LLC now owns 42,650 shares of the company’s stock worth $302,000 after buying an additional 8,000 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Park Sterling Corp. by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 251,561 shares of the company’s stock worth $1,783,000 after buying an additional 14,337 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Park Sterling Corp. by 5.7% in the second quarter. California State Teachers Retirement System now owns 108,112 shares of the company’s stock worth $767,000 after buying an additional 5,812 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

Institutional Ownership by Quarter for Park Sterling Corp. (NASDAQ:PSTB)

Park Sterling Corp. (NASDAQ:PSTB) traded down 1.00% during mid-day trading on Tuesday, reaching $9.88. The company’s stock had a trading volume of 344,989 shares. The firm has a market capitalization of $517.01 million, a price-to-earnings ratio of 27.29 and a beta of 0.84. The firm has a 50-day moving average of $8.84 and a 200 day moving average of $8.01. Park Sterling Corp. has a 1-year low of $5.90 and a 1-year high of $10.36.

Park Sterling Corp. (NASDAQ:PSTB) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Park Sterling Corp. had a return on equity of 7.46% and a net margin of 13.97%. During the same period last year, the business earned $0.11 earnings per share. Equities analysts expect that Park Sterling Corp. will post $0.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 8th were issued a $0.04 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.16 annualized dividend and a dividend yield of 1.62%. Park Sterling Corp.’s dividend payout ratio (DPR) is 43.24%.

ILLEGAL ACTIVITY WARNING: “Dalton Greiner Hartman Maher & Co. Reduces Position in Park Sterling Corp. (PSTB)” was posted by Financial Market News and is the propert of of Financial Market News. If you are accessing this story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The original version of this story can be read at http://www.financial-market-news.com/dalton-greiner-hartman-maher-co-reduces-position-in-park-sterling-corp-pstb/1209237/.

A number of analysts recently commented on PSTB shares. Zacks Investment Research cut Park Sterling Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. ING Group cut Park Sterling Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 6th. Raymond James Financial Inc. cut Park Sterling Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 6th. Hovde Group cut Park Sterling Corp. from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $9.00 to $9.50 in a research report on Monday, October 31st. Finally, Sandler O’Neill cut Park Sterling Corp. from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $8.55.

Park Sterling Corp. Company Profile

Park Sterling Corporation is a holding company for Park Sterling Bank (the Bank). The Bank is a North Carolina-chartered commercial nonmember bank. The Company provides banking services to small and mid-sized businesses, real estate owners, residential builders, institutions, professionals and consumers doing business or residing within its target markets.

5 Day Chart for NASDAQ:PSTB

Want to see what other hedge funds are holding PSTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Park Sterling Corp. (NASDAQ:PSTB).

Receive News & Ratings for Park Sterling Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Sterling Corp. and related companies with MarketBeat.com's FREE daily email newsletter.