Park Sterling Corporation (NASDAQ:PSTB) is expected to pay $0.04 on Nov 22, 2016. The indicated annual dividend is $0.16. Shareholders owning the stock before Nov 4, 2016 will be eligible to receive the payout. Based on Park Sterling Corporation’s current price of $8.55, the dividend is 0.47%. This dividend’s record date is Nov 8, 2016 and the announcement date is Oct 27, 2016. The stock increased 0.06% or $0.01 on November 2, hitting $8.55. Park Sterling Corp (NASDAQ:PSTB) has risen 27.80% since April 1, 2016 and is uptrending. It has outperformed by 26.59% the S&P500.
Park Sterling Corporation is a holding firm for Park Sterling Bank . The company has a market cap of $455.50 million. The Bank is a North Carolina-chartered commercial nonmember bank. It has a 23.57 P/E ratio. The Firm provides banking services to small and mid-sized businesses, real estate owners, residential builders, institutions, professionals and clients doing business or residing within its target markets.
Insitutional Activity: The institutional sentiment decreased to 2.06 in 2016 Q2. Its down 0.33, from 2.39 in 2016Q1. The ratio turned negative, as 3 funds sold all Park Sterling Corp shares owned while 28 reduced positions. 18 funds bought stakes while 46 increased positions. They now own 41.11 million shares or 4.13% more from 39.48 million shares in 2016Q1.
Barclays Public Limited Com has 82 shares for 0% of their US portfolio. Glenmede Tru Na holds 387 shares or 0% of its portfolio. Rhumbline Advisers reported 63,222 shares or 0% of all its holdings. Dalton Greiner Hartman Maher accumulated 0.16% or 374,871 shares. Eidelman Virant Capital holds 0.11% or 24,260 shares in its portfolio. National Bank Of America Corporation De has 0% invested in the company for 26,860 shares. Price T Rowe Associates Inc Md has 5.09M shares for 0.01% of their US portfolio. Us Comml Bank De has invested 0% of its portfolio in Park Sterling Corp (NASDAQ:PSTB). Cna Financial Corp holds 0.16% of its portfolio in Park Sterling Corp (NASDAQ:PSTB) for 88,466 shares. Cornercap Counsel holds 69,510 shares or 0.09% of its portfolio. Airain Ltd has 0.01% invested in the company for 15,667 shares. Alphaone Inv Ltd last reported 430,301 shares in the company. Thompson Siegel And Walmsley Limited Liability Corporation has invested 0% of its portfolio in Park Sterling Corp (NASDAQ:PSTB). New York State Common Retirement Fund owns 98,260 shares or 0% of their US portfolio. Moreover, Parametric Portfolio Assocs Limited Liability Corp has 0% invested in Park Sterling Corp (NASDAQ:PSTB) for 55,227 shares.
Insider Transactions: Since May 25, 2016, the stock had 2 buys, and 0 insider sales for $918 net activity. The insider HARTUNG PATRICIA C bought 65 shares worth $528.
Park Sterling Corp (NASDAQ:PSTB) Ratings Coverage
Out of 3 analysts covering Park Sterling (NASDAQ:PSTB), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. $9.50 is the highest target while $7.50 is the lowest. The $9.50 average target is 11.11% above today’s ($8.55) stock price. Park Sterling has been the topic of 6 analyst reports since December 2, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James on Thursday, October 6 to “Mkt Perform”. As per Wednesday, January 13, the company rating was maintained by Hovde Group. Stephens initiated the shares of PSTB in a report on Wednesday, December 2 with “Equal-Weight” rating. Hovde Group downgraded it to “Market Perform” rating and $9.50 target price in Monday, October 31 report. Hovde Group maintained it with “Outperform” rating and $8.25 target price in Monday, May 2 report. The stock has “Outperform” rating given by Hovde Group on Monday, February 8.
More notable recent Park Sterling Corp (NASDAQ:PSTB) news were published by: Charlotteobserver.com which released: “Charlotte’s Park Sterling says 3Q profit up 32 percent on acquisition” on October 27, 2016, also Charlotteobserver.com with their article: “Charlotte’s Park Sterling Corp. to buy Virginia bank” published on October 01, 2015, Charlotteobserver.com published: “Park Sterling completes acquisition of First Capital Bancorp.” on January 04, 2016. More interesting news about Park Sterling Corp (NASDAQ:PSTB) were released by: Charlotteobserver.com and their article: “Former Wachovia executive to become CFO at Park Sterling” published on February 05, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Park Sterling Corporation reports Q3 earnings per share $0.12” with publication date: October 27, 2016.
PSTB Company Profile
Park Sterling Corporation, incorporated on October 7, 2010, is a holding firm for Park Sterling Bank (the Bank). The Bank is a North Carolina-chartered commercial nonmember bank. The Firm provides banking services to small and medium-sized businesses, real estate owners, residential builders, institutions, professionals and clients doing business or residing within its target markets. It provides a range of banking products, including personal, business and non-profit checking accounts, interest on lawyer trust accounts (IOLTA), individual retirement accounts, business and personal money market accounts, time deposits, overdraft protection, safe deposit boxes, and online and mobile banking. The Company’s wealth management activities include investment management, private banking, personal trust and investment brokerage services. The Company’s cash management activities include remote deposit capture, lockbox services, sweep accounts, purchasing cards, automated clearing house (ACH) and wire payments. The Company’s capital markets activities include interest rate and currency risk management products, loan syndications and debt placements.
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