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Last $6.64 USD
Change Today -0.01 / -0.15%
Volume 52.5K
PSTB On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

park sterling corp (PSTB) Snapshot

Open
$6.61
Previous Close
$6.65
Day High
$6.67
Day Low
$6.51
52 Week High
11/3/14 - $7.80
52 Week Low
06/3/14 - $6.36
Market Cap
298.8M
Average Volume 10 Days
61.1K
EPS TTM
$0.36
Shares Outstanding
45.0M
EX-Date
04/30/15
P/E TM
18.6x
Dividend
$0.12
Dividend Yield
1.51%
Current Stock Chart for PARK STERLING CORP (PSTB)

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park sterling corp (PSTB) Details

Park Sterling Corporation operates as a bank holding company for the Park Sterling Bank, which provides various banking 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 time deposits, overdraft protection, and safe deposit boxes, as well as online and mobile banking services. The company’s lending activities comprise a range of short-to medium-term commercial, real estate, construction, 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, private banking, personal trust services, and investment brokerage services; cash management services consisting of remote deposit capture, lockbox services, sweep accounts, purchasing cards, ACH, and wire payments; and capital markets services, including interest rate and currency risk management products, loan syndications, and debt placements. 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, 2014, it operated 52 full service branches and 1 drive through facility in North Carolina, South Carolina, North Georgia, and Virginia. The company is headquartered in Charlotte, North Carolina.

503 Employees
Last Reported Date: 05/7/15

park sterling corp (PSTB) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: $640.0K
President
Total Annual Compensation: $494.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $520.8K
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $494.3K
Head of Operations & Information Technology a...
Total Annual Compensation: $265.0K
Compensation as of Fiscal Year 2014.

park sterling corp (PSTB) Key Developments

Park Sterling Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Park Sterling Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of $22,185,000 against $19,206,000 a year ago. Net interest income was $20,426,000 against $17,275,000 a year ago. This decrease is attributable both to having two fewer days in first quarter of 2015 and to a decrease in loan yields, which were partially offset by additional interest income from the early redemption of two investment securities held by the company at a discount to their redemption prices. Net interest income after provision was $20,246,000 against $17,292,000 a year ago. Income before income taxes was $5,608,000 against $5,035,000 a year ago. Net income was $3,783,000 against $3,555,000 a year ago. The increase in net income from first quarter of 2014 resulted from both higher net interest and noninterest income levels, which were partially offset by higher provision and noninterest expenses. Earnings per common share, fully diluted were $0.09 against $0.08 a year ago. Return on average assets as at March 31, 2015 was 0.64% against 0.73% a year ago. Return on average common equity as at March 31, 2015 was 5.52% against 5.43% a year ago. Adjusted net income was $3,863,000 against $3,426,000 a year ago. Adjusted net income per share was $0.09 against $0.08 a year ago. Adjusted return on average assets as at March 31, 2015 was 0.66% against 0.70% a year ago. Adjusted return on average equity as at March 31, 2015 was 5.63% against 5.23% a year ago. Tangible common book value per share as at March 31, 2015 was $5.44 against $5.26 a year ago. Common book value per share as at March 31, 2015 was $6.34 against $6.05 a year ago. Book value per common share as at March 31, 2015 was $6.30 against $6.01 a year ago.

Park Sterling Corporation Declares Regular Quarterly Cash Dividend, Payable on May 18, 2015

Park Sterling Corporation announced that its board of directors has declared a regular quarterly cash dividend to its common shareholders of $0.03 per common share, payable on May 18, 2015 to all shareholders of record as of the close of business on May 4, 2015.

Park Sterling Corporation, Annual General Meeting, May 20, 2015

Park Sterling Corporation, Annual General Meeting, May 20, 2015., at 08:30 US Eastern Standard Time. Location: 4201 Congress Street, Suite 210. Agenda: To elect three directors of the company to serve three-year terms expiring in 2018, or until their successors are duly elected and qualified; to ratify the appointment of Dixon Hughes Goodman LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2015; to adopt an advisory (nonbinding) resolution approving the compensation of the company's named executive officers, commonly referred to as a say on pay' vote; and to transact such other business as may properly come before the Annual Meeting or any adjournment or adjournments thereof.

 

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Industry Analysis

PSTB

Industry Average

Valuation PSTB Industry Range
Price/Earnings 22.4x
Price/Sales 3.0x
Price/Book 1.0x
Price/Cash Flow 22.8x
TEV/Sales 0.2x
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