Park Sterling Corp (PSTB) is Downgraded by Keefe Bruyette to Mkt Perform

Park Sterling Corp (PSTB) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Nov 29, 2016.

Many Wall Street Analysts have commented on Park Sterling Corp. Park Sterling Corp was Initiated by Piper Jaffray to “Neutral” on Nov 16, 2016. Park Sterling Corp was Downgraded by Sandler O’Neill to ” Hold” on Nov 4, 2016. Company shares were Downgraded by Hovde Group on Oct 31, 2016 to ” Market Perform”, Firm has raised the Price Target to $ 9.50 from a previous price target of $9 .

On the company’s financial health, Park Sterling Corp reported $0.14 EPS for the quarter, based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus estimate of $0.14.Analysts expectations of $ 31.85.During the same quarter in the previous year, the company posted $0.11 EPS.

Park Sterling Corp opened for trading at $10.08 and hit $10.29 on the upside on Friday, eventually ending the session at $10.27, with a gain of 1.88% or 0.19 points. The heightened volatility saw the trading volume jump to 75,115 shares. Company has a market cap of $547 M.

In a different news, on Aug 31, 2016, Patricia C Hartung (director) purchased 65 shares at $8.12 per share price. According to the SEC, on Jun 9, 2016, Larry W. Carroll (director) sold 10,250 shares at $0.00 per share price. On Feb 22, 2016, Nancy L. Foster (Chief Risk Officer) purchased 5,000 shares at $6.10 per share price, according to the Form-4 filing with the securities and exchange commission.

Park Sterling Corporation is a holding company for Park Sterling Bank (the Bank). The Bank is a North Carolina-chartered commercial nonmember bank. The Company provides banking services to small and mid-sized businesses owner-occupied and income-producing real estate owners residential builders institutions professionals and consumers doing business or residing within its target markets. It provides a range of banking products including personal non-profit checking accounts IOLTA individual retirement accounts business and personal money market accounts time deposits overdraft protection and online and mobile banking. Its wealth management activities include investment management private banking and investment brokerage services. Its cash management activities include remote deposit capture lockbox services sweep accounts and wire payments. Its capital markets activities include interest rate and currency risk management products loan syndications and debt placements.

Park Sterling Corp

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