Park Sterling Corp (PSTB) Releases Earnings Results, Reports EPS of $0.12 EPS

Park Sterling Corp (PSTB) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.12 EPS for the quarter. Analysts had a consensus estimate of $0.12. Analysts expectations of $31.36 million. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Park Sterling Corp. Company shares were Reiterated by Hovde Group on May 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 8.25 from a previous price target of $7.25 .

Park Sterling Corp closed down -0.03 points or -0.39% at $7.67 with 1,76,080 shares getting traded on Thursday. Post opening the session at $7.74, the shares hit an intraday low of $7.625 and an intraday high of $7.74 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 9, 2016, Larry W. Carroll (director) sold 10,250 shares at $0.00 per share price. According to the SEC, 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, 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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