Park Sterling Corp. (PSTB) Announces Quarterly Dividend of $0.02
Park Sterling Corp. (NASDAQ:PSTB) declared a quarterly dividend on Wednesday, July 23rd, AR Network reports. Investors of record on Wednesday, August 6th will be given a dividend of 0.02 per share on Wednesday, August 20th. This represents a $0.08 dividend on an annualized basis and a yield of 1.20%.
Several analysts have recently commented on the stock. Analysts at Sandler O’Neill initiated coverage on shares of Park Sterling Corp. in a research note on Wednesday, June 25th. They set a “buy” rating and a $7.50 price target on the stock. 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.
Shares of Park Sterling Corp. (NASDAQ:PSTB) traded up 0.90% during mid-day trading on Wednesday, hitting $6.69. The stock had a trading volume of 59,375 shares. Park Sterling Corp. has a 52 week low of $5.79 and a 52 week high of $7.28. The stock has a 50-day moving average of $6.65 and a 200-day moving average of $6.66. The company has a market cap of $293.9 million and a price-to-earnings ratio of 19.00.
Park Sterling Corp. (NASDAQ:PSTB) last announced its earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the 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.
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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