Parke Bancorp (NASDAQ:PKBK - Get Free Report) announced its quarterly earnings results on Wednesday. The bank reported $0.69 EPS for the quarter, Zacks reports. Parke Bancorp had a return on equity of 10.31% and a net margin of 22.44%. The company had revenue of $18.69 million for the quarter.
Parke Bancorp Stock Performance
Shares of Parke Bancorp stock traded down $0.13 during midday trading on Friday, hitting $21.77. The company had a trading volume of 22,967 shares, compared to its average volume of 23,128. The business's 50 day simple moving average is $20.11 and its two-hundred day simple moving average is $19.47. The stock has a market cap of $257.76 million, a PE ratio of 8.47 and a beta of 0.58. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 1.24. Parke Bancorp has a 1-year low of $16.94 and a 1-year high of $24.29.
Parke Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd were paid a $0.18 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $0.72 annualized dividend and a dividend yield of 3.31%. Parke Bancorp's payout ratio is 29.88%.
Institutional Investors Weigh In On Parke Bancorp
Several hedge funds and other institutional investors have recently modified their holdings of PKBK. Jane Street Group LLC acquired a new stake in shares of Parke Bancorp in the first quarter worth $229,000. Empowered Funds LLC grew its stake in shares of Parke Bancorp by 3.4% in the first quarter. Empowered Funds LLC now owns 49,443 shares of the bank's stock worth $932,000 after acquiring an additional 1,644 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Parke Bancorp by 228.3% in the first quarter. Goldman Sachs Group Inc. now owns 105,700 shares of the bank's stock worth $1,991,000 after acquiring an additional 73,505 shares during the last quarter. Institutional investors and hedge funds own 49.69% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded Parke Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, June 7th.
Check Out Our Latest Research Report on Parke Bancorp
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.
Featured Stories
Before you consider Parke Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Parke Bancorp wasn't on the list.
While Parke Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access