Last $6.69 USD
Change Today -0.03 / -0.45%
Volume 46.8K
PSTB On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

park sterling corp (PSTB) Snapshot

Open
$6.70
Previous Close
$6.72
Day High
$6.83
Day Low
$6.68
52 Week High
12/30/13 - $7.28
52 Week Low
04/22/13 - $5.16
Market Cap
299.2M
Average Volume 10 Days
155.2K
EPS TTM
$0.38
Shares Outstanding
44.7M
EX-Date
02/6/14
P/E TM
17.8x
Dividend
$0.08
Dividend Yield
0.90%
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 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, 2012, 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.

466 Employees
Last Reported Date: 03/6/14

park sterling corp (PSTB) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: $556.3K
President
Total Annual Compensation: $445.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $461.3K
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $436.3K
Compensation as of Fiscal Year 2012.

park sterling corp (PSTB) Key Developments

Park Sterling Corporation, Provident Community Bancshares, Inc. - M&A Call

To consider the agreement and plan of merger with Provident Community Bancshares, Inc.

Park Sterling Corporation Announces New Appointments

Park Sterling Corporation announced the hiring of three additional bankers for the bank's Wealth Management team, now headquartered in Richmond, Virginia and directed by Michael Williams, Head of Wealth Management. In addition, the company has hired a new Chief Marketing Officer, also based in Richmond. George Meyls joins Park Sterling as Senior Vice President and Head of Private Banking. Meyls, who was most recently Private Banking Director at StellarOne Bank, has over 20 years of Wealth Management and private banking experience including positions at Paine Webber, Smith Barney, and Wells Fargo Bank. Russell Carter, most recently a Trust Advisor at Union First Market Bank in Richmond, joins Park Sterling as a Trust Advisor. Based in Richmond, Carter brings with him nearly 20 years of experience in the Trust area including roles at J.P. Morgan Chase, SunTrust Bank, and StellarOne. Alan Smith joins Park Sterling as a Trust Advisor based in Charlotte. Smith has seven years of banking experience, most recently with PNC Bank, where he was a relationship manager in Wealth Management and with Bank of America as a client manager. Angela Ross joins Park Sterling as Chief Marketing Officer. A 30-year marketing veteran, Ross was most recently Chief Branding Officer at StellarOne, and held senior roles at La-Z-Boy Inc. and Circuit City.

Park Sterling Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2013

Park Sterling Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total interest income of $19,602,000 against $21,422,000 a year ago. Net interest income was $17,702,000 against $19,532,000 a year ago, due both to lower average earning asset levels and to reduced net interest margin. Income before income taxes was $5,600,000 against $2,093,000 a year ago. Net income available to common shares was $4,039,000 against $1,271,000 a year ago. Diluted earnings per share were $0.09 against $0.03 a year ago. Book value per common share as on December 31, 2013 was $5.92. Return on average assets was 0.83% against 0.25% a year ago. Return on average common equity was 6.09% against 1.96% a year ago. Adjusted pretax income was $5,992,000 against $5,260,000 a year ago. Adjusted net income available to common shareholders was $4,295,000 against $3,518,000 a year ago. Adjusted earnings per share were $0.10 against $0.08 a year ago. Adjusted return on average assets was 6.47% against 5.44% a year ago. For the year, the company reported total interest income of $78,805,000 against $57,894,000 a year ago. Net interest income was $72,423,000 against $51,324,000 a year ago. Income before income taxes was $22,664,000 against $6,649,000 a year ago. Net income available to common shares was $14,952,000 against $4,292,000 a year ago. The increase in net income available to common shareholders in 2013 from 2012 stemmed primarily from the inclusion of a full year of operating results from Citizens South, which merged with the company in fourth quarter of 2012. Diluted earnings per share were $0.34 against $0.12 a year ago. Adjusted pre tax income was $24,777,000 against $11,066,000 a year ago. Adjusted net income available to common shareholders was $16,688,000 against $7,457,000 a year ago. Adjusted earnings per share were $0.37 against $0.21 a year ago. Return on average assets was 0.76% against 0.32% a year ago. Return on average common equity was 5.42% against 1.99% a year ago. The company reported net charge-offs of $805,000, or 0.24% of average loans (annualized) in fourth quarter of 2013.

 

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PSTB

Industry Average

Valuation PSTB Industry Range
Price/Earnings 19.7x
Price/Sales 3.5x
Price/Book 1.1x
Price/Cash Flow 19.6x
TEV/Sales 2.0x
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