Park Sterling Corp. (NASDAQ:PSTB) posted its earnings results on Thursday. The company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Park Sterling Corp. had a net margin of 13.58% and a return on equity of 7.23%. During the same period in the previous year, the business posted $0.11 earnings per share.

Shares of Park Sterling Corp. (NASDAQ:PSTB) traded up 2.73% on Thursday, hitting $8.67. 64,910 shares of the company traded hands. The firm has a market capitalization of $454.00 million, a P/E ratio of 24.99 and a beta of 0.92. Park Sterling Corp. has a 1-year low of $5.90 and a 1-year high of $8.75. The firm’s 50-day moving average is $8.20 and its 200 day moving average is $7.66.

Earnings History for Park Sterling Corp. (NASDAQ:PSTB)

Several equities research analysts have recently commented on the stock. Raymond James Financial Inc. cut shares of Park Sterling Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 6th. ING Group cut shares of Park Sterling Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 6th. Zacks Investment Research raised shares of Park Sterling Corp. from a “sell” rating to a “hold” rating in a research report on Friday, September 23rd. Finally, Stephens raised shares of Park Sterling Corp. from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Park Sterling Corp. currently has an average rating of “Hold” and a consensus price target of $8.00.

Several hedge funds have recently modified their holdings of PSTB. Nationwide Fund Advisors raised its stake in shares of Park Sterling Corp. by 3.2% in the second quarter. Nationwide Fund Advisors now owns 37,113 shares of the company’s stock worth $263,000 after buying an additional 1,148 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Park Sterling Corp. by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,509,009 shares of the company’s stock worth $17,789,000 after buying an additional 20,542 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Park Sterling Corp. by 4.9% in the second quarter. Vanguard Group Inc. now owns 1,760,101 shares of the company’s stock worth $12,479,000 after buying an additional 82,126 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Park Sterling Corp. by 3.7% in the second quarter. BlackRock Advisors LLC now owns 26,280 shares of the company’s stock worth $186,000 after buying an additional 945 shares in the last quarter. Finally, BlackRock Investment Management LLC raised its stake in shares of Park Sterling Corp. by 13.8% in the second quarter. BlackRock Investment Management LLC now owns 211,962 shares of the company’s stock worth $1,503,000 after buying an additional 25,634 shares in the last quarter. 77.28% of the stock is owned by hedge funds and other institutional investors.

About Park Sterling Corp.

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

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