Wall Street Zen lowered shares of Parke Bancorp (NASDAQ:PKBK - Free Report) from a buy rating to a hold rating in a report published on Friday.
Parke Bancorp Trading Down 0.1%
Shares of PKBK stock traded down $0.02 on Friday, reaching $19.57. 12,430 shares of the stock were exchanged, compared to its average volume of 23,625. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 1.27. Parke Bancorp has a one year low of $15.24 and a one year high of $24.29. The stock has a market cap of $231.77 million, a PE ratio of 8.62 and a beta of 0.57. The stock has a 50 day moving average price of $18.88 and a 200 day moving average price of $19.97.
Parke Bancorp (NASDAQ:PKBK - Get Free Report) last released its earnings results on Thursday, April 17th. The bank reported $0.65 EPS for the quarter. The firm had revenue of $17.43 million during the quarter. Parke Bancorp had a net margin of 21.25% and a return on equity of 9.41%.
Parke Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Friday, April 4th. Parke Bancorp's dividend payout ratio is currently 29.88%.
Institutional Investors Weigh In On Parke Bancorp
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of Parke Bancorp by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,085 shares of the bank's stock valued at $336,000 after purchasing an additional 1,842 shares during the period. Rhumbline Advisers grew its holdings in shares of Parke Bancorp by 5.2% during the fourth quarter. Rhumbline Advisers now owns 15,495 shares of the bank's stock worth $318,000 after buying an additional 767 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Parke Bancorp by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 522,646 shares of the bank's stock valued at $10,720,000 after buying an additional 27,354 shares during the last quarter. Empowered Funds LLC lifted its stake in Parke Bancorp by 5.1% in the 4th quarter. Empowered Funds LLC now owns 47,799 shares of the bank's stock valued at $980,000 after acquiring an additional 2,333 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Parke Bancorp in the 4th quarter valued at approximately $617,000. 49.69% of the stock is currently owned by institutional investors and hedge funds.
About Parke Bancorp
(
Get Free Report)
Parke Bancorp, Inc operates as the bank holding company for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses. The company offers various deposit products, including checking, savings, time, money market, and individual retirement accounts, as well as certificates of deposit.
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