Park Sterling Corp (NASDAQ:PSTB) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 22, 2016
Zacks Investment Research has upgraded Park Sterling Corp (NASDAQ:PSTB) to Hold in a statement released on Friday September 23, 2016.
Having a price of $8.24, Park Sterling Corp (NASDAQ:PSTB) traded 0.49% higher on the day. With the last close up 11.98% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. PSTB has recorded a 50-day moving average of $8.21 and a 200-day moving average of $7.39. 48,238 shares of PSTB traded hands, down from an average trading volume of 134,919
Recent Performance Chart
Park Sterling Corp has 52 week low of $5.90 and a 52 week high of $8.59 with a PE ratio of 23.86 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokerages have issued a ratings update on the company. The average stock price target is $8.08 with one analyst rating the company a strong buy, four analysts rating the company a buy, one analyst rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
General Company Details For 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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