Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.
Analysts Set New Price Targets
Separately, Wall Street Zen cut Parke Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, June 7th.
View Our Latest Research Report on Parke Bancorp
Parke Bancorp Stock Performance
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 firm's 50-day simple moving average is $20.29 and its 200 day simple moving average is $19.54. The stock has a market capitalization of $256.34 million, a P/E ratio of 8.42 and a beta of 0.58.
Parke Bancorp (NASDAQ:PKBK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The bank reported $0.69 earnings per share (EPS) for the quarter. The company had revenue of $18.69 million for the quarter. Parke Bancorp had a return on equity of 10.31% and a net margin of 22.44%.
Parke Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.33%. The ex-dividend date was Thursday, July 3rd. Parke Bancorp's dividend payout ratio (DPR) is currently 28.02%.
Institutional Trading of Parke Bancorp
Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in shares of Parke Bancorp by 15.6% in the 4th quarter. Wells Fargo & Company MN now owns 9,930 shares of the bank's stock valued at $204,000 after purchasing an additional 1,343 shares during the period. Trexquant Investment LP acquired a new position in Parke Bancorp in the 1st quarter valued at approximately $207,000. Jane Street Group LLC acquired a new position in Parke Bancorp in the 1st quarter valued at approximately $229,000. Barclays PLC increased its stake in shares of Parke Bancorp by 16.3% in the fourth quarter. Barclays PLC now owns 15,794 shares of the bank's stock worth $324,000 after acquiring an additional 2,219 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Parke Bancorp in the fourth quarter worth $364,000. 49.69% of the stock is owned by institutional investors and hedge funds.
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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