Insider Selling: Park Sterling Corp. CAO Unloads 2,500 Shares of Stock (PSTB)
Park Sterling Corp. (NASDAQ:PSTB) CAO Susan D. Sabo sold 2,500 shares of Park Sterling Corp. stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $6.80, for a total transaction of $17,000.00. Following the sale, the chief accounting officer now directly owns 15,776 shares of the company’s stock, valued at approximately $107,277. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on PSTB. Analysts at Zacks upgraded shares of Park Sterling Corp. from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 29th. They now have a $7.50 price target 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.
Shares of Park Sterling Corp. (NASDAQ:PSTB) opened at 6.82 on Monday. Park Sterling Corp. has a 1-year low of $5.79 and a 1-year high of $7.28. The stock has a 50-day moving average of $6.74 and a 200-day moving average of $6.65. The company has a market cap of $299.5 million and a P/E ratio of 19.65.
Park Sterling Corp. (NASDAQ:PSTB) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.02. Analysts expect that Park Sterling Corp. will post $0.34 EPS 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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