Shares of Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.41 and traded as high as $20.48. Parke Bancorp shares last traded at $20.43, with a volume of 18,028 shares.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Parke Bancorp in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".
View Our Latest Report on Parke Bancorp
Parke Bancorp Price Performance
The stock has a market cap of $242.10 million, a P/E ratio of 7.95 and a beta of 0.62. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.46. The company's fifty day simple moving average is $21.76 and its 200-day simple moving average is $20.41.
Parke Bancorp (NASDAQ:PKBK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The bank reported $0.69 earnings per share (EPS) for the quarter. The firm had revenue of $18.69 million for the quarter. Parke Bancorp had a net margin of 22.44% and a return on equity of 10.21%.
Parke Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, October 3rd. Parke Bancorp's payout ratio is 28.02%.
Insider Activity at Parke Bancorp
In related news, COO Ralph Martin Gallo sold 1,946 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $21.89, for a total value of $42,597.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey H. Kripitz sold 3,363 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $22.19, for a total value of $74,624.97. Following the completion of the sale, the director directly owned 47,911 shares in the company, valued at approximately $1,063,145.09. This represents a 6.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,909 shares of company stock valued at $195,499 in the last 90 days. 12.89% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Parke Bancorp
Several large investors have recently made changes to their positions in PKBK. Empirical Finance LLC bought a new stake in shares of Parke Bancorp in the 1st quarter worth about $421,000. Nuveen LLC bought a new stake in shares of Parke Bancorp in the 1st quarter worth about $571,000. Trexquant Investment LP bought a new stake in shares of Parke Bancorp in the 1st quarter worth about $207,000. Goldman Sachs Group Inc. grew its holdings in shares of 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 purchasing an additional 73,505 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Parke Bancorp by 3.4% in the 1st quarter. Empowered Funds LLC now owns 49,443 shares of the bank's stock worth $932,000 after purchasing an additional 1,644 shares during the last quarter. Institutional investors own 49.69% of the company's stock.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Parke Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Parke Bancorp wasn't on the list.
While Parke Bancorp currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
