Last $7.14 USD
Change Today -0.13 / -1.79%
Volume 47.1K
PSTB On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:10 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

park sterling corp (PSTB) Snapshot

Open
$7.30
Previous Close
$7.27
Day High
$7.36
Day Low
$7.12
52 Week High
11/3/14 - $7.80
52 Week Low
12/12/13 - $6.13
Market Cap
320.2M
Average Volume 10 Days
78.6K
EPS TTM
$0.36
Shares Outstanding
44.8M
EX-Date
11/7/14
P/E TM
19.8x
Dividend
$0.08
Dividend Yield
1.12%
Current Stock Chart for PARK STERLING CORP (PSTB)

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park sterling corp (PSTB) Details

Park Sterling Corporation operates as the bank holding company for Park Sterling Bank and Citizens South Bank, which provides banking and financial products and services. It offers a range of banking products, including personal, business, and non-profit checking accounts; IOLTA accounts; individual retirement accounts; business and personal money market accounts; and certificates of deposit. The company’s lending activities include a range of short-to medium-term commercial, real estate, residential mortgage, and home equity and consumer loans, as well as long-term residential mortgages. It also offers wealth management services, such as investment management, personal trust services, institutional custody, and investment brokerage services; overdraft protection; safe deposit boxes; online and mobile banking services; and cash management activities, which include remote deposit capture, lockbox services, sweep accounts, purchasing cards, ACH, and wire payments. The company serves small and mid-sized businesses, owner-occupied and income-producing real estate owners, residential builders, institutions, professionals, and consumers. As of December 31, 2013, it operated 43 full service branches and 1 drive through facility in North Carolina, South Carolina, and North Georgia. The company is headquartered in Charlotte, North Carolina.

528 Employees
Last Reported Date: 11/7/14

park sterling corp (PSTB) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: $633.3K
President
Total Annual Compensation: $494.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $519.0K
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $494.0K
Compensation as of Fiscal Year 2013.

park sterling corp (PSTB) Key Developments

Park Sterling Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Park Sterling Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $20,732,000 against $18,314,000 a year ago. Income before income taxes was $3,706,000 against $6,320,000 a year ago. Net income available to common shares was $2,452,000 or $0.06 diluted per share against $4,214,000 or $0.10 diluted per share a year ago. Book value per common share as on September 30, 2014 was $6.13 against $5.87 as at September 30, 2013. Tangible Book value per common share as on September 30, 2014 was $5.23 against $5.10 as at September 30, 2013. Return on average assets as on September 30, 2014 was 0.42% against 0.85% as at September 30, 2013. Return on average common equity as on September 30, 2014 was 3.58% against 6.46% as at September 30, 2013. Adjusted pretax income was $5,998,000 against $6,487,000 a year ago. Adjusted net income available to common shareholders was $3,968,000 or $0.09 diluted per share against $4,325,000 or $0.10 diluted per share a year ago. Total revenues were $23.9 million, representing 14% annualized growth rate, driven in part by record organic loan growth of $78.5 million, representing a 21% annualized growth rate. Revenue growth occurred across so many of its non-credit product lines, including deposit service charges, mortgage banking, wealth management and capital markets. The $1.8 million, or 42%, decrease in net income from third quarter of 2013 resulted primarily from a $2.1 million increase in merger-related expenses. The $357,000, or 8%, decrease in adjusted net income from third quarter of 2013 resulted primarily from a $2.9 million increase in adjusted noninterest expenses, which was partially offset by a $2.3 million increase in total revenues and a $65,000 increase in reversal of provision expense.

Park Sterling Corporation Declare Quarterly Cash Dividend, Payable on November 26, 2014

Park Sterling Corporation announced that its board of directors has declared a regular quarterly cash dividend to its common shareholders of $0.02 per common share, payable on November 26, 2014 to all shareholders of record as of the close of business on November 12, 2014. Any future dividends will be subject to board approval.

Park Sterling Corporation Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014

Park Sterling Corporation Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014 . Venue: Naples, Florida, United States.

 

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PSTB:US $7.14 USD -0.13

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Industry Analysis

PSTB

Industry Average

Valuation PSTB Industry Range
Price/Earnings 23.8x
Price/Sales 3.7x
Price/Book 1.2x
Price/Cash Flow 24.2x
TEV/Sales 1.2x
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