Wednesday, May 22, 2024

Park Sterling shares gain 6.6% in last week’s trading

These were the best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham index of public companies for the week that ended  Dec. 23.

Park Sterling Bank PSBT 6.6%Charlotte-based bank has gained 43% in last year. Its price-earnings ratio is  29, vs low 20s for peers First Bancorp and BNC Bancorp.
SPX Flow FLOW  4.9% — Analysts expect 30% earnings growth over the next five years at Charlotte industrial-equipnent manufacturer.
World Acceptance WRLD  4.6% – Six analysts follow the consumer finance company; none rate the company a buy, according to YahooI Finance.

Weakest performers:
Cempra  CEMP  (-11.4%)Clinical-stage pharmaceutical company is among state’s most volatile stocks.
Red Hat Software RHT    (-11.2%) -Raleigh company says bookings came in lower than expecting, sparking fears that growth is slowing. More than $1 billion in shareholder value vanished.
3D Systems DDD   (-8.9%) – Rock Hill-based 3D printing company reported $43 million loss in first three quarters of 2016. It has a market value of $1.6 billion.


David Mildenberg
David Mildenberg
David Mildenberg is editor of Business North Carolina. Reach him at

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