$0.15 EPS Expected for Park Sterling Corp (PSTB)

October 13, 2017 - By Migdalia James

 $0.15 EPS Expected for Park Sterling Corp (PSTB)
Investors sentiment increased to 1.22 in 2017 Q2. Its up 0.34, from 0.88 in 2017Q1. It is positive, as 16 investors sold Park Sterling Corp shares while 34 reduced holdings. 25 funds opened positions while 36 raised stakes. 43.13 million shares or 1.13% less from 43.62 million shares in 2017Q1 were reported.
Bridgeway Management holds 0.04% in Park Sterling Corp (NASDAQ:PSTB) or 299,115 shares. Morgan Stanley holds 100,638 shares. Jefferies Grp Llc stated it has 0% in Park Sterling Corp (NASDAQ:PSTB). Price T Rowe Md holds 5.92 million shares. Invesco Limited reported 28,710 shares or 0% of all its holdings. Great West Life Assurance Can accumulated 0% or 5,400 shares. Rmb Capital Mgmt Lc holds 1.66M shares or 0.57% of its portfolio. Fj Capital Mngmt Limited has 261,600 shares for 0.39% of their portfolio. Alliancebernstein Lp holds 59,000 shares. Rhumbline Advisers reported 59,064 shares stake. Wedge Capital Mgmt L L P Nc reported 494,579 shares stake. Point72 Asia (Hong Kong) stated it has 13 shares. Moreover, Arbor Ltd Co has 0.36% invested in Park Sterling Corp (NASDAQ:PSTB) for 61,526 shares. Gardner Lewis Asset Mngmt L P has 0.01% invested in Park Sterling Corp (NASDAQ:PSTB) for 13,092 shares. Art Advsrs Limited Liability Com holds 0.01% or 10,401 shares in its portfolio.

Since May 26, 2017, it had 1 insider buy, and 0 selling transactions for $530 activity.

Analysts expect Park Sterling Corp (NASDAQ:PSTB) to report $0.15 EPS on October, 26.They anticipate $0.01 EPS change or 7.14 % from last quarter’s $0.14 EPS. PSTB’s profit would be $7.99 million giving it 21.28 P/E if the $0.15 EPS is correct. After having $0.17 EPS previously, Park Sterling Corp’s analysts see -11.76 % EPS growth. The stock decreased 0.55% or $0.07 during the last trading session, reaching $12.77. About 102,264 shares traded. Park Sterling Corp (NASDAQ:PSTB) has risen 58.90% since October 13, 2016 and is uptrending. It has outperformed by 42.20% the S&P500.

Park Sterling Corp (NASDAQ:PSTB) Ratings Coverage

Among 8 analysts covering Park Sterling (NASDAQ:PSTB), 0 have Buy rating, 0 Sell and 8 Hold. Therefore 0 are positive. Park Sterling had 15 analyst reports since December 2, 2015 according to SRatingsIntel. Keefe Bruyette & Woods downgraded the stock to “Mkt Perform” rating in Tuesday, November 29 report. The rating was maintained by Hovde Group with “Outperform” on Monday, February 8. The firm has “Equal-Weight” rating given on Wednesday, December 2 by Stephens. The rating was initiated by Brean Capital on Friday, February 24 with “Hold”. The stock of Park Sterling Corp (NASDAQ:PSTB) has “Hold” rating given on Tuesday, August 8 by Keefe Bruyette & Woods. Hovde Group maintained Park Sterling Corp (NASDAQ:PSTB) rating on Wednesday, January 13. Hovde Group has “Outperform” rating and $9 target. The stock of Park Sterling Corp (NASDAQ:PSTB) has “Hold” rating given on Friday, July 28 by Brean Capital. Hovde Group downgraded it to “Market Perform” rating and $9.50 target in Monday, October 31 report. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, May 30. The stock has “Outperform” rating by Hovde Group on Monday, May 2.

Park Sterling Corporation is a holding firm for Park Sterling Bank . The company has market cap of $680.48 million. The Bank is a North Carolina-chartered commercial non-member bank. It has a 24.59 P/E ratio. The Firm provides banking services to small and medium-sized businesses, real estate owners, residential builders, institutions, professionals and clients doing business or residing within its target markets.

More important recent Park Sterling Corp (NASDAQ:PSTB) news were published by: Bizjournals.com which released: “UPDATED: Charlotte’s Park Sterling Bank to merge with South State Bank” on April 27, 2017, also Charlotteobserver.com published article titled: “Capital Bank, Park Sterling report 4Q profits affected by merger deals”, Reuters.com published: “BRIEF-South State Corporation announces merger with Park Sterling Corporation” on April 27, 2017. More interesting news about Park Sterling Corp (NASDAQ:PSTB) was released by: Charlotteobserver.com and their article: “Charlotte’s Park Sterling says 3Q profit up 32 percent on acquisition” with publication date: October 27, 2016.

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