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Shares of Park Sterling Bank Receive a Boost, Up 1.6%

Published on Tue, 04/02/2013 - 10:33
By Peter Chu

Up 1.6% to $5.68, Park Sterling Bank (NASDAQ:PSTB), is one of today's notable movers. The Dow is up 0.7% to 14,671 and the S&P is currently up 0.7% to 1,573.

Park Sterling Bank (NASDAQ:PSTB) has potential upside of 11.6% based on a current price of $5.68 and analysts' consensus price target of $6.34. Park Sterling Bank shares should encounter resistance at the 50-day moving average (MA) of $5.70 and support at its 200-day MA of $5.11.

In the past 52 weeks, Park Sterling Bank share prices have been bracketed by a low of $3.89 and a high of $6.06 and are now at $5.68, 46% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

Park Sterling Bank attracts deposits and offers commercial banking services. The Bank offers home equity lines of credit, installment loans, construction loans, overdraft protection, commercial loans and lines of credit, real estate loans, construction loans, lot loans, and others.

By Peter Chu
pchu@fnno.com

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