Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.45 and traded as high as $21.50. Parke Bancorp shares last traded at $21.24, with a volume of 12,678 shares changing hands.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of Parke Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, June 7th.
Get Our Latest Stock Report on Parke Bancorp
Parke Bancorp Stock Up 0.2%
The stock has a market cap of $249.35 million, a P/E ratio of 8.74 and a beta of 0.58. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.49. The firm's fifty day moving average is $19.92 and its 200 day moving average is $19.43.
Parke Bancorp (NASDAQ:PKBK - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $0.65 EPS for the quarter. The firm had revenue of $17.43 million for the quarter. Parke Bancorp had a net margin of 21.82% and a return on equity of 9.76%.
Parke Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be given a $0.18 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $0.72 annualized dividend and a yield of 3.42%. Parke Bancorp's dividend payout ratio is 29.88%.
Institutional Trading of Parke Bancorp
Several hedge funds and other institutional investors have recently bought and sold shares of PKBK. Charles Schwab Investment Management Inc. grew its position in Parke Bancorp by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,324 shares of the bank's stock worth $622,000 after purchasing an additional 1,574 shares during the last quarter. JPMorgan Chase & Co. grew its position in Parke Bancorp by 135.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,926 shares of the bank's stock worth $778,000 after purchasing an additional 21,841 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Parke Bancorp in the 4th quarter worth $426,000. Wells Fargo & Company MN grew its position in Parke Bancorp by 15.6% in the 4th quarter. Wells Fargo & Company MN now owns 9,930 shares of the bank's stock worth $204,000 after purchasing an additional 1,343 shares during the last quarter. Finally, Barclays PLC grew its position in Parke Bancorp by 16.3% in the 4th quarter. Barclays PLC now owns 15,794 shares of the bank's stock worth $324,000 after purchasing an additional 2,219 shares during the last quarter. 49.69% of the stock is currently owned by institutional investors and hedge funds.
Parke Bancorp Company Profile
(
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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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