ING Group downgraded Park Sterling Corp (NASDAQ:PSTB) to Market Perform in a statement released earlier today.
- Updated: October 8, 2016
ING Group has downgraded Park Sterling Corp (NASDAQ:PSTB) to Market Perform in a statement released on 10/6/2016.
Boasting a price of $8.12, Park Sterling Corp (NASDAQ:PSTB) traded 0.25% higher on the day. With the last stock price close up 8.60% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Park Sterling Corp has recorded a 50-day average of $8.24 and a two hundred day average of $7.51. Volume of trade was down over the average, with 60,155 shares of PSTB changing hands under the typical 107,745
With a total market value of $0, Park Sterling Corp has price-earnings ratio of 23.52 with a one year low of $5.90 and a one year high of $8.59 .
A total of 6 equity analysts have released a ratings update on PSTB. One equity analyst rating the company a strong buy, four equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $8.08.
Brief Synopsis About Park Sterling Corp (NASDAQ:PSTB)
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, 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, interest on lawyer trust accounts, 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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