Parke Bancorp (NASDAQ:PKBK) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Technical move: Parke Bancorp's stock crossed above its 200‑day moving average (200‑day MA $25.16), trading as high as $29.78 and last at $29.51 with the 50‑day MA at $28.25.
• Dividend & valuation: The company declared a quarterly dividend of $0.18 (annualized $0.72, yield ~2.4%), and the stock trades at a PE of 9.34 with a market cap of about $346.2 million.
• Insiders & analyst view: Weiss Ratings reaffirmed a "Buy" and the consensus is Buy, while insiders net sold sizable shares (one insider sold 14,675 shares) even as the CEO bought 1,000 shares; insiders own ~13% and institutions ~49.7%.

Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.16 and traded as high as $29.78. Parke Bancorp shares last traded at $29.51, with a volume of 92,955 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Parke Bancorp in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Parke Bancorp has an average rating of "Buy".

Parke Bancorp Stock Down 0.3%

The stock has a market capitalization of $346.15 million, a PE ratio of 9.34 and a beta of 0.48. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.44. The company's 50-day moving average is $28.25 and its 200 day moving average is $25.16.

Parke Bancorp (NASDAQ:PKBK - Get Free Report) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $0.93 EPS for the quarter. The firm had revenue of $22.74 million during the quarter. Parke Bancorp had a net margin of 25.86% and a return on equity of 12.03%.

Parke Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Friday, April 3rd will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, April 2nd. Parke Bancorp's dividend payout ratio (DPR) is presently 22.78%.

Insider Activity at Parke Bancorp

In related news, insider Nicholas J. Pantilione sold 14,675 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $28.29, for a total value of $415,155.75. Following the completion of the transaction, the insider directly owned 1,850 shares of the company's stock, valued at $52,336.50. This trade represents a 88.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vito S. Pantilione acquired 1,000 shares of the firm's stock in a transaction that occurred on Thursday, January 29th. The stock was bought at an average cost of $27.63 per share, with a total value of $27,630.00. Following the completion of the transaction, the chief executive officer directly owned 236,129 shares in the company, valued at $6,524,244.27. The trade was a 0.43% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 1,700 shares of company stock valued at $47,430 and sold 42,175 shares valued at $1,161,181. 12.97% of the stock is owned by insiders.

Hedge Funds Weigh In On Parke Bancorp

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its position in Parke Bancorp by 66.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,147 shares of the bank's stock worth $46,000 after buying an additional 855 shares during the last quarter. Byrne Asset Management LLC purchased a new position in Parke Bancorp during the 4th quarter worth approximately $75,000. BNP Paribas Financial Markets raised its position in Parke Bancorp by 44.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,251 shares of the bank's stock worth $66,000 after buying an additional 999 shares during the last quarter. CWM LLC raised its position in Parke Bancorp by 251.5% during the 3rd quarter. CWM LLC now owns 3,367 shares of the bank's stock worth $73,000 after buying an additional 2,409 shares during the last quarter. Finally, Daytona Street Capital LLC purchased a new position in Parke Bancorp during the 4th quarter worth approximately $163,000. 49.69% of the stock is owned by hedge funds and other institutional investors.

About Parke Bancorp

Parke Bancorp, Inc is the bank holding company for Parke Bank, a community-oriented financial institution headquartered in Kittanning, Pennsylvania. The company delivers a full range of retail and commercial banking services to individuals, small businesses and agricultural clients through a network of branches and ATMs, supported by secure online and mobile banking platforms.

Its product lineup includes deposit accounts—such as checking, savings, money market accounts and certificates of deposit—alongside a variety of lending solutions.

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