Parke Bancorp (NASDAQ:PKBK - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.
Parke Bancorp Stock Performance
NASDAQ PKBK opened at $19.37 on Friday. The firm has a market cap of $229.40 million, a price-to-earnings ratio of 8.53 and a beta of 0.58. The company has a 50 day moving average of $18.91 and a 200-day moving average of $19.86. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.64. Parke Bancorp has a 1-year low of $15.24 and a 1-year high of $24.29.
Parke Bancorp (NASDAQ:PKBK - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.65 earnings per share for the quarter. The company had revenue of $17.43 million during the quarter. Parke Bancorp had a net margin of 21.25% and a return on equity of 9.41%.
Institutional Trading of Parke Bancorp
Hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN increased its holdings in shares of Parke Bancorp by 15.6% in the fourth 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 in the last quarter. Trexquant Investment LP acquired a new stake in shares of Parke Bancorp in the first quarter valued at approximately $207,000. Jane Street Group LLC acquired a new stake in shares of Parke Bancorp in the first quarter valued at approximately $229,000. Rhumbline Advisers increased its holdings in shares of 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 purchasing an additional 767 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Parke Bancorp by 16.3% in the fourth quarter. Barclays PLC now owns 15,794 shares of the bank's stock valued at $324,000 after purchasing an additional 2,219 shares in the last quarter. Institutional investors and hedge funds 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.
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