Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.14 and traded as high as $20.18. Parke Bancorp shares last traded at $20.01, with a volume of 18,700 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Parke Bancorp from a "hold" rating to a "buy" rating in a report on Monday, April 21st.
Check Out Our Latest Stock Analysis on PKBK
Parke Bancorp Trading Down 0.8%
The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $236.98 million, a price-to-earnings ratio of 8.82 and a beta of 0.57. The business's 50 day moving average price is $18.70 and its 200-day moving average price is $20.14.
Parke Bancorp (NASDAQ:PKBK - Get Free Report) last issued its earnings results on Thursday, April 17th. The bank reported $0.65 EPS for the quarter. The company had revenue of $17.43 million for the quarter. Parke Bancorp had a net margin of 21.25% and a return on equity of 9.41%.
Parke Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were issued a $0.18 dividend. The ex-dividend date was Friday, April 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.60%. Parke Bancorp's dividend payout ratio is 29.88%.
Institutional Trading of Parke Bancorp
Several hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its position in Parke Bancorp by 306.7% in the 3rd quarter. Barclays PLC now owns 13,575 shares of the bank's stock valued at $284,000 after buying an additional 10,237 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Parke Bancorp by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 16,085 shares of the bank's stock valued at $336,000 after acquiring an additional 1,842 shares during the period. Empowered Funds LLC lifted its stake in shares of Parke Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 47,799 shares of the bank's stock valued at $980,000 after acquiring an additional 2,333 shares during the period. Rhumbline Advisers boosted its holdings in Parke Bancorp by 5.2% in the fourth quarter. Rhumbline Advisers now owns 15,495 shares of the bank's stock valued at $318,000 after acquiring an additional 767 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Parke Bancorp by 5.5% in the fourth 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 period. 49.69% of the stock is owned by institutional investors.
About Parke Bancorp
(
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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