Parke Bancorp (NASDAQ:PKBK) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Parke Bancorp from a "hold" rating to a "buy" rating in a research note on Monday, April 21st.

Parke Bancorp Trading Down 0.8%

The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. The company's 50-day moving average is $18.80 and its 200 day moving average is $20.07. The company has a market cap of $228.93 million, a price-to-earnings ratio of 8.52 and a beta of 0.57.

Parke Bancorp (NASDAQ:PKBK - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $0.65 EPS for the quarter. Parke Bancorp had a return on equity of 9.41% and a net margin of 21.25%. The firm had revenue of $17.43 million for the quarter.

Parke Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.72%. The ex-dividend date was Friday, April 4th. Parke Bancorp's payout ratio is currently 29.88%.

Institutional Trading of Parke Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in PKBK. Dimensional Fund Advisors LP lifted its position in shares of 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 raised its position in Parke Bancorp by 52.1% during the fourth quarter. Ategra Capital Management LLC now owns 344,741 shares of the bank's stock worth $7,071,000 after acquiring an additional 118,069 shares during the period. Bridgeway Capital Management LLC lifted its holdings in Parke Bancorp by 2.2% during 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. Goldman Sachs Group Inc. lifted its holdings in Parke Bancorp by 228.3% during 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. Finally, Empowered Funds LLC grew its position in shares of Parke Bancorp by 3.4% in the first quarter. Empowered Funds LLC now owns 49,443 shares of the bank's stock valued at $932,000 after purchasing an additional 1,644 shares during the period. 49.69% of the stock is currently owned by hedge funds and other institutional investors.

Parke Bancorp Company Profile

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.