Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered shares of Parke Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, June 7th.
Check Out Our Latest Research Report on PKBK
Parke Bancorp Price Performance
The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $248.76 million, a price-to-earnings ratio of 8.72 and a beta of 0.58. The company's fifty day moving average is $19.89 and its two-hundred day moving average is $19.45.
Parke Bancorp (NASDAQ:PKBK - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.65 earnings per share for the quarter. The business 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 Announces Dividend
The company 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 $0.18 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 3.43%. Parke Bancorp's dividend payout ratio is currently 29.88%.
Hedge Funds Weigh In On Parke Bancorp
A number of institutional investors have recently added to or reduced their stakes in PKBK. Ategra Capital Management LLC lifted its holdings in Parke Bancorp by 52.1% in the 4th quarter. Ategra Capital Management LLC now owns 344,741 shares of the bank's stock worth $7,071,000 after buying an additional 118,069 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Parke Bancorp by 228.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,700 shares of the bank's stock worth $1,991,000 after buying an additional 73,505 shares in the last quarter. Nuveen LLC acquired a new position in Parke Bancorp in the 1st quarter worth $571,000. Citadel Advisors LLC acquired a new position in Parke Bancorp in the 4th quarter worth $617,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Parke Bancorp by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 522,646 shares of the bank's stock worth $10,720,000 after purchasing an additional 27,354 shares during the last quarter. Institutional investors and hedge funds own 49.69% of the company's stock.
Parke Bancorp Company Profile
(
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.
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