Park Sterling Corporation (NASDAQ:PSTB) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.5 by 2 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating.
Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Raymond James upgrades its outlook on Park Sterling Corporation (NASDAQ:PSTB). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Market Perform. The brokerage firm announces the price target at $7 per share. The rating by the firm was issued on March 3, 2016.
Park Sterling Corporation (NASDAQ:PSTB) stock has received a short term price target of $ 8.38 from 2 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $0.53. The higher estimate of target price is $9 , while the lower price target estimate is $8
Park Sterling Corporation (NASDAQ:PSTB) rose 0.56% or 0.04 points on Tuesday and made its way into the gainers of the day. After trading began at $7.14 the stock was seen hitting $7.22 as a peak level and $7.03 as the lowest level. The stock ended up at $7.18. The daily volume was measured at 901,601 shares. The 52-week high of the share price is $8.2 and the 52-week low is $5.9. The company has a market cap of $383 million.
Park Sterling Corporation has lost 0.14% in the last five trading days and dropped 2.71% in the last 4 weeks. Park Sterling Corporation is up 9.12% in the last 3-month period. Year-to-Date the stock performance stands at -1.91%.
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.