Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $19.49 and traded as high as $22.19. Parke Bancorp shares last traded at $22.19, with a volume of 8,507 shares.
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of Parke Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, June 7th.
Read Our Latest Stock Analysis on PKBK
Parke Bancorp Trading Down 2.4%
The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.49. The company's fifty day moving average price is $20.23 and its two-hundred day moving average price is $19.51. The company has a market cap of $256.34 million, a price-to-earnings ratio of 8.42 and a beta of 0.58.
Parke Bancorp (NASDAQ:PKBK - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The bank reported $0.69 EPS for the quarter. Parke Bancorp had a net margin of 22.44% and a return on equity of 10.31%. The business had revenue of $18.69 million for the quarter.
Parke Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $0.72 annualized dividend and a dividend yield of 3.33%. Parke Bancorp's dividend payout ratio (DPR) is currently 28.02%.
Institutional Trading of Parke Bancorp
Hedge funds have recently modified their holdings of the stock. Ategra Capital Management LLC boosted its stake in Parke Bancorp by 52.1% in the fourth quarter. Ategra Capital Management LLC now owns 344,741 shares of the bank's stock valued at $7,071,000 after acquiring an additional 118,069 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Parke Bancorp by 228.3% during the first quarter. Goldman Sachs Group Inc. now owns 105,700 shares of the bank's stock worth $1,991,000 after acquiring an additional 73,505 shares during the period. Nuveen LLC acquired a new stake in Parke Bancorp in the 1st quarter valued at $571,000. Citadel Advisors LLC acquired a new stake in Parke Bancorp in the 4th quarter valued at $617,000. Finally, Dimensional Fund Advisors LP increased its stake 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 worth $10,720,000 after purchasing an additional 27,354 shares during the last quarter. 49.69% of the stock is owned by institutional investors.
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.
Further Reading
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