Park Sterling Corp (PSTB): Patricia C Hartung , director of Park Sterling Corp purchased 52 shares on May 25, 2016. The Insider buying transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were purchased at $7.50 per share for a total value of $393.72 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, Patricia C Hartung (director) purchased 52 shares at $7.50 per share price.On Feb 22, 2016, Nancy L. Foster (Chief Risk Officer) purchased 5,000 shares at $6.10 per share price.Also, On May 4, 2015, David L. Gaines (CFO) purchased 5,000 shares at $6.72 per share price.
Shares of Park Sterling Corp (PSTB) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.02 points or -0.27% at $7.49 with 3,28,445 shares getting traded. Post opening the session at $7.5, the shares hit an intraday low of $7.48 and an intraday high of $7.56 and the price vacillated in this range throughout the day. The company has a market cap of $400 M and the number of outstanding shares has been calculated to be 5,33,72,684 shares. The 52-week high of Park Sterling Corp is $8.2 and the 52-week low is $5.9.
Company has been under the radar of several Street Analysts.Park Sterling Corp is Reiterated by Hovde Group to Outperform and the brokerage firm has raised the Price Target to $ 8.25 from a previous price target of $7.25 .The Rating was issued on May 2, 2016.Park Sterling Corp is Upgraded by Raymond James to Outperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on Mar 3, 2016.
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.