Carroll Financial Associates buys $6,722,401 stake in Park Sterling Corp (PSTB)

Park Sterling Corp (PSTB) : Carroll Financial Associates scooped up 16,248 additional shares in Park Sterling Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 957,607 shares of Park Sterling Corp which is valued at $6,722,401.Park Sterling Corp makes up approximately 1.23% of Carroll Financial Associates’s portfolio.

Park Sterling Corp closed down -0.01 points or -0.14% at $7.02 with 56,030 shares getting traded on Friday. Post opening the session at $7.03, the shares hit an intraday low of $7.02 and an intraday high of $7.08 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Thomson Horstmann Bryant Inc reduced its stake in PSTB by selling 532,095 shares or 36.44% in the most recent quarter. The Hedge Fund company now holds 928,224 shares of PSTB which is valued at $6,516,132. Park Sterling Corp makes up approx 0.76% of Thomson Horstmann Bryant Inc’s portfolio.Dividend Asset Capital reduced its stake in PSTB by selling 25,587 shares or 21.88% in the most recent quarter. The Hedge Fund company now holds 91,334 shares of PSTB which is valued at $641,165. Park Sterling Corp makes up approx 0.02% of Dividend Asset Capital’s portfolio. Bremer Trust National Association added PSTB to its portfolio by purchasing 19,015 company shares during the most recent quarter which is valued at $132,535. Park Sterling Corp makes up approx 0.04% of Bremer Trust National Association’s portfolio.Dalton Greiner Hartman Maher Co boosted its stake in PSTB in the latest quarter, The investment management firm added 23,165 additional shares and now holds a total of 369,669 shares of Park Sterling Corp which is valued at $2,576,593. Park Sterling Corp makes up approx 0.15% of Dalton Greiner Hartman Maher Co’s portfolio. Franklin Street Advisors Inc Nc added PSTB to its portfolio by purchasing 15,384 company shares during the most recent quarter which is valued at $107,226. Park Sterling Corp makes up approx 0.02% of Franklin Street Advisors Inc Nc’s portfolio.

On the company’s financial health, Park Sterling Corp reported $0.11 EPS for the quarter, based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus estimate of $0.11.Analysts expectations of $ 24.98.During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Park Sterling Corp. Park Sterling Corp was Upgraded by Raymond James to ” Outperform” on Mar 3, 2016. Shares were Reiterated by Hovde Group on Feb 8, 2016 to “Outperform” and Lowered the Price Target to $ 7.50 from a previous price target of $9 .

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.

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