Park Sterling (PSTB) Getting Somewhat Favorable Media Coverage, Study Finds
News articles about Park Sterling (NASDAQ:PSTB) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Park Sterling earned a news impact score of 0.14 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.1113531269198 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several research firms have recently commented on PSTB. Stephens lowered shares of Park Sterling from an “overweight” rating to an “equal weight” rating in a report on Friday, October 27th. BidaskClub raised shares of Park Sterling from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. ValuEngine lowered shares of Park Sterling from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research lowered shares of Park Sterling from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Brean Capital reissued a “hold” rating on shares of Park Sterling in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $13.00.
Park Sterling (NASDAQ:PSTB) opened at $12.87 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $686.80, a PE ratio of 20.76 and a beta of 0.85. Park Sterling has a one year low of $9.60 and a one year high of $13.20.
The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Wednesday, November 8th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, November 7th. Park Sterling’s payout ratio is 28.57%.
Park Sterling Company Profile
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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