Forest Hill Capital adds Park Sterling Corp (PSTB) to its portfolio

Park Sterling Corp (PSTB) : Forest Hill Capital added new position in Park Sterling Corp during the most recent quarter end. The investment management firm now holds 1,051,885 shares of Park Sterling Corp which is valued at $8,446,637 , the company said in a statement filed on Aug 15, 2016 with the SEC.Park Sterling Corp makes up approximately 0.91% of Forest Hill Capital’s portfolio.

Other Hedge Funds, Including , Ellington Management Group added PSTB to its portfolio by purchasing 15,200 company shares during the most recent quarter which is valued at $122,056. Park Sterling Corp makes up approx 0.16% of Ellington Management Group’s portfolio.Mesirow Financial Investment Management – Equity Management reduced its stake in PSTB by selling 3,314 shares or 6.46% in the most recent quarter. The Hedge Fund company now holds 47,965 shares of PSTB which is valued at $384,679. Park Sterling Corp makes up approx 0.02% of Mesirow Financial Investment Management – Equity Management’s portfolio.Rmb Capital Management boosted its stake in PSTB in the latest quarter, The investment management firm added 71,311 additional shares and now holds a total of 1,387,377 shares of Park Sterling Corp which is valued at $10,752,172. Park Sterling Corp makes up approx 0.74% of Rmb Capital Management’s portfolio.Dividend Assets Capital reduced its stake in PSTB by selling 4,747 shares or 5.2% in the most recent quarter. The Hedge Fund company now holds 86,587 shares of PSTB which is valued at $666,720. Park Sterling Corp makes up approx 0.02% of Dividend Assets Capital’s portfolio.Bremer Trust National Association reduced its stake in PSTB by selling 1,782 shares or 9.37% in the most recent quarter. The Hedge Fund company now holds 17,233 shares of PSTB which is valued at $132,177. Park Sterling Corp makes up approx 0.04% of Bremer Trust National Association’s portfolio.

Park Sterling Corp opened for trading at $8.49 and hit $8.54 on the upside on Wednesday, eventually ending the session at $8.53, with a gain of 0.35% or 0.03 points. The heightened volatility saw the trading volume jump to 67,355 shares. Company has a market cap of $455 M.

On the company’s financial health, Park Sterling Corp reported $0.12 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.12.Analysts expectations of $ 31.36.During the same quarter in the previous year, the company posted $0.10 EPS.

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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