Parke Bancorp (NASDAQ:PKBK) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Shares of Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.46 and traded as high as $21.40. Parke Bancorp shares last traded at $21.33, with a volume of 27,236 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Parke Bancorp from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th.

Parke Bancorp Stock Up 0.5%

The stock has a market capitalization of $253.85 million, a P/E ratio of 8.90 and a beta of 0.58. The company's 50-day moving average price is $19.70 and its 200 day moving average price is $19.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.24 and a current ratio of 1.24.

Parke Bancorp (NASDAQ:PKBK - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter. Parke Bancorp had a net margin of 21.82% and a return on equity of 9.76%. The business had revenue of $17.43 million during the quarter.

Parke Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Thursday, July 3rd. Parke Bancorp's dividend payout ratio (DPR) is currently 29.88%.

Institutional Investors Weigh In On Parke Bancorp

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in Parke Bancorp by 5.5% during 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 in the last quarter. Ategra Capital Management LLC grew its holdings in shares of Parke Bancorp by 52.1% in the fourth quarter. Ategra Capital Management LLC now owns 344,741 shares of the bank's stock valued at $7,071,000 after purchasing an additional 118,069 shares in the last quarter. Militia Capital Partners LP grew its holdings in shares of Parke Bancorp by 1.7% in the first quarter. Militia Capital Partners LP now owns 117,961 shares of the bank's stock valued at $2,222,000 after purchasing an additional 2,000 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Parke Bancorp by 2.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 109,466 shares of the bank's stock valued at $2,245,000 after purchasing an additional 2,333 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings 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 valued at $1,991,000 after purchasing an additional 73,505 shares in the last quarter. 49.69% of the stock is owned by hedge funds and other institutional investors.

About Parke Bancorp

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.