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

Key Points

• Parke Bancorp's share price crossed above its 200-day moving average of $24.82, trading as high as $28.63 and last at $28.51 on a volume of 136,393 shares, signaling a technical breakout.
• The bank shows solid fundamentals with a market cap of $334.4M, a PE of 9.02, last quarter EPS of $0.93 and ROE of 12.03%, and it pays a quarterly dividend of $0.18 (annualized yield ~2.5% with a 22.8% payout ratio).
• Analyst coverage is favorable (consensus Buy and Weiss Ratings restated a Buy), and insiders are active—CEO Vito Pantilione purchased 1,000 shares recently, although insiders have net sold more shares over the past three months; institutions own about 49.7% of the stock.

Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.82 and traded as high as $28.63. Parke Bancorp shares last traded at $28.51, with a volume of 136,393 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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, the company currently has a consensus rating of "Buy".

Parke Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50-day simple moving average of $28.02 and a 200 day simple moving average of $24.82. The firm has a market cap of $334.42 million, a PE ratio of 9.02 and a beta of 0.48.

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

Parke Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Friday, April 3rd will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, April 2nd. This represents a $0.72 annualized dividend and a dividend yield of 2.5%. Parke Bancorp's dividend payout ratio (DPR) is currently 22.78%.

Insiders Place Their Bets

In other Parke Bancorp news, CEO Vito S. Pantilione bought 1,000 shares of the business's stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average price of $27.63 per share, for a total transaction of $27,630.00. Following the completion of the transaction, the chief executive officer owned 236,129 shares of the company's stock, valued at $6,524,244.27. This trade represents a 0.43% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel J. Dalton sold 5,000 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $27.57, for a total value of $137,850.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have bought 1,700 shares of company stock worth $47,430 and have sold 42,175 shares worth $1,161,181. 15.33% of the stock is owned by corporate insiders.

Institutional Trading of Parke Bancorp

Several institutional investors have recently made changes to their positions in PKBK. Russell Investments Group Ltd. boosted its stake in Parke Bancorp by 66.2% during the third quarter. Russell Investments Group Ltd. now owns 2,147 shares of the bank's stock valued at $46,000 after buying an additional 855 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Parke Bancorp by 44.4% during the second quarter. BNP Paribas Financial Markets now owns 3,251 shares of the bank's stock valued at $66,000 after buying an additional 999 shares during the last quarter. CWM LLC boosted its stake in Parke Bancorp by 251.5% during the third quarter. CWM LLC now owns 3,367 shares of the bank's stock valued at $73,000 after buying an additional 2,409 shares during the last quarter. Byrne Asset Management LLC bought a new position in Parke Bancorp during the fourth quarter valued at approximately $75,000. Finally, Daytona Street Capital LLC bought a new position in Parke Bancorp during the fourth quarter valued at approximately $163,000. Hedge funds and other institutional investors own 49.69% of the company's stock.

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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