Park Sterling Corp. Now Covered by Sandler O’Neill (PSTB)
Analysts at Sandler O’Neill assumed coverage on shares of Park Sterling Corp. (NASDAQ:PSTB) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating and a $7.50 price target on the stock. Sandler O’Neill’s price objective suggests a potential upside of 16.28% from the stock’s previous close.
Shares of Park Sterling Corp. (NASDAQ:PSTB) opened at 6.45 on Wednesday. Park Sterling Corp. has a 52-week low of $5.55 and a 52-week high of $7.28. The stock’s 50-day moving average is $6.5 and its 200-day moving average is $6.69. The company has a market cap of $283.3 million and a price-to-earnings ratio of 18.48.
Park Sterling Corp. (NASDAQ:PSTB) last released its earnings data on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.08. On average, analysts predict that Park Sterling Corp. will post $0.33 earnings per share for the current fiscal year.
PSTB has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Park Sterling Corp. from an “outperform” rating to a “neutral” rating in a research note on Monday, May 12th. They now have a $7.50 price target on the stock.
Park Sterling Corp., formerly Park Sterling Bank, is a North Carolina-chartered commercial bank. The Company offers deposit and loan banking services.
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