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Last $7.02 USD
Change Today -0.19 / -2.64%
Volume 55.8K
PSTB On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

park sterling corp (PSTB) Snapshot

Open
$7.10
Previous Close
$7.21
Day High
$7.28
Day Low
$6.95
52 Week High
11/3/14 - $7.80
52 Week Low
01/30/15 - $6.45
Market Cap
315.3M
Average Volume 10 Days
74.4K
EPS TTM
$0.37
Shares Outstanding
44.9M
EX-Date
08/3/15
P/E TM
19.0x
Dividend
$0.12
Dividend Yield
1.57%
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: 08/7/15

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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2015

Park Sterling Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $22,458,000 compared to $21,157,000 a year ago. Net interest income was $20,616,000 compared to $19,079,000 a year ago. Income before income taxes was $6,542,000 compared to $5,186,000 a year ago. Net income was $4,269,000 or $0.10 per diluted share compared to $3,426,000 or $0.08 per diluted share a year ago. Return on average assets was 0.71% compared to 0.63% a year ago. Return on average common equity was 6.10% compared to 5.16% a year ago. Adjusted net income was $4,378,000 or $0.10 per diluted share compared to $3,841,000 or $0.09 per diluted share a year ago. Adjusted pretax income was $6,709,000 compared to $5,813,000 a year ago. Adjusted net interest income was $20,564,000 compared to $18,993,000 a year ago. Adjusted return on average assets was 0.73% compared to 0.71% a year ago. Adjusted return on average common equity was 6.26% compared to 5.79% a year ago. The increase in net income from first quarter of resulted from higher net interest income, lower noninterest expense and a decrease in provision expense. For the six months period, the company reported total interest income of $44,643,000 compared to $40,363,000 a year ago. Net interest income was $41,042,000 compared to $36,354,000 a year ago. Income before income taxes was $12,150,000 compared to $10,221,000 a year ago. Net income was $8,052,000 or $0.18 per diluted share compared to $6,981,000 or $0.16 per diluted share a year ago. Book value per common share as at June 30, 2015 was $6.31 compared to $6.10 a year ago. Tangible book value per common share as at June 30, 2015 was $5.47 compared to $5.21 a year ago. The increase in net income resulted from higher net interest income and noninterest income, offset partially by an increase in provision expense and noninterest expenses. The increase in net interest income is primarily attributable to having higher average earning assets as a result of both the Provident Community acquisition and organic loan growth. The company reported net charge-offs of $327,000 compared to net recoveries of $460,000 a year ago.

Park Sterling Corporation Declares Quarterly Cash Dividend on Common Shares, Payable on August 19, 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 August 19, 2015 to all shareholders of record as of the close of business on August 5, 2015. Any future dividends will be subject to board approval.

Park Sterling Corporation to Report Q2, 2015 Results on Jul 23, 2015

Park Sterling Corporation announced that they will report Q2, 2015 results at 8:30 AM, US Eastern Standard Time on Jul 23, 2015

 

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PSTB:US $7.02 USD -0.19

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Industry Analysis

PSTB

Industry Average

Valuation PSTB Industry Range
Price/Earnings 22.8x
Price/Sales 3.2x
Price/Book 1.1x
Price/Cash Flow 23.2x
TEV/Sales 0.1x
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