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Last $7.10 USD
Change Today +0.04 / 0.57%
Volume 31.0K
PSTB On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

park sterling corp (PSTB) Snapshot

Open
$7.00
Previous Close
$7.06
Day High
$7.12
Day Low
$6.97
52 Week High
11/3/14 - $7.80
52 Week Low
05/21/14 - $6.20
Market Cap
318.5M
Average Volume 10 Days
52.1K
EPS TTM
$0.35
Shares Outstanding
44.9M
EX-Date
02/6/15
P/E TM
20.5x
Dividend
$0.12
Dividend Yield
1.27%
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.

514 Employees
Last Reported Date: 03/6/15

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 Bank Opens its New Regional Headquarters in Downtown Greenville, S.C

Park Sterling Bank has opened its new regional headquarters in downtown Greenville, S.C. The new offices are the result of a major renovation in the historic Steel Huddle building downtown. The regional headquarters is at 617 E. McBee Ave. The 15,000-square-foot building is home to the lender's commercial banking team, treasury services, wealth management, mortgage and asset-based lending groups.

Park Sterling Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter of 2014

Park Sterling Corporation reported un-audited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income available to common shareholders of $3.5 million, or $0.08 per diluted share, compared to $2.5 million, or $0.06 per diluted share, in the prior quarter and $4.0 million or $0.09 per diluted share in last year. Adjusted net income available to common shareholders, which excludes merger-related expenses and gain or loss on sale of securities, of $3.9 million or $0.09 per diluted share, compared to $4.0 million, or $0.09 per diluted share, in the prior quarter and $4.3 million, or $0.10 per diluted share in last year. The company reported total interest income of $22.3 million compared to $19.6 million, net interest income of $20.6 million compared to $17.7 million, income before income taxes of $5.0 million compared to $5.6 million, return on average assets of 0.59% compared to 0.83%, return on average equity of 5.01% compared to 6.09%, adjusted pretax income of $5.7 million compared to $6.0 million, adjusted net interest income of $20.4 million compared to $17.3 million, adjusted return on average assets of 0.67% compared to 0.88%, and adjusted return on average equity of 5.72% compared to 6.47% for the last year. For the year, the company reported net income available to common shareholders of $12.9 million, or $0.29 per diluted share, compared to $15.0 million, or $0.34 per diluted share, in the prior year. Adjusted net income available to common shareholders, which excludes merger-related expenses and gain or loss on sale of securities, of $15.2 million, or $0.34 per diluted share, compared to $16.3 million, or $0.37 per diluted share, in the prior year. The decrease in earnings resulted primarily from expenses related to organic growth initiatives, which have not yet reached full productivity. The company reported total interest income of $85.3 million compared to $78.8 million, net interest income of $77.6 million compared to $72.4 million, income before income taxes of $18.9 million compared to $22.7 million, return on average assets of 0.59% compared to 0.76%, return on average equity of 4.78% compared to 5.42%, adjusted pretax income of $22.8 million compared to $24.80 million for the last year. Common book value per share as on December 31, 2014 was $6.26 compared to $5.96 per share as on December 31, 2013. The company reported net charge-offs of $776,000 compared to a net recovery of $764,000 in third quarter of 2014 and net charge-offs of $805,000 in fourth quarter of 2013.

Park Sterling Corporation Declares Increased Quarterly Cash Dividend, Payable on February 24, 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 February 24, 2015 to all shareholders of record as of the close of business on February 10, 2015, compared to a quarterly cash dividend of $0.02 per common share paid in the prior quarter.

 

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Industry Analysis

PSTB

Industry Average

Valuation PSTB Industry Range
Price/Earnings 24.2x
Price/Sales 3.4x
Price/Book 1.1x
Price/Cash Flow 24.6x
TEV/Sales 0.6x
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