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Raymond James downgraded Park Sterling (NASDAQ:PSTB) from Outperform to Mkt Perform in a report released today.

Raymond James has downgraded Park Sterling (NASDAQ:PSTB) from Outperform to Mkt Perform in a report released on 10/06/2016.

Yesterday Park Sterling (NASDAQ:PSTB) traded -0.37% lower at $8.12. The company’s 50-day moving average is $8.24 and its 200-day moving average is $7.50. The last stock close price is up 7.89% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 19,412 shares of the stock were exchanged, down from an average trading volume of 110,251

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Park Sterling (NASDAQ:PSTB)

Park Sterling has a 52 week low of $5.90 and a 52 week high of $8.59 with a P/E ratio of 23.31 The company’s market cap is currently $0.

In addition to Raymond James reporting its target price, a total of 6 firms have issued a report on the stock. The consensus target price is $8.08 with 1 firm rating the stock a strong buy, 4 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Park Sterling (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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