Parke Bancorp (NASDAQ:PKBK) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.42 and traded as high as $21.46. Parke Bancorp shares last traded at $21.41, with a volume of 15,586 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Parke Bancorp from a "hold" rating to a "buy" rating in a report on Monday, October 21st.

Parke Bancorp Stock Up 1.1 %

The company has a market cap of $259.25 million, a P/E ratio of 9.19 and a beta of 0.69. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.30 and a quick ratio of 1.30. The company's 50-day moving average is $20.78 and its two-hundred day moving average is $18.46.

Parke Bancorp (NASDAQ:PKBK - Get Free Report) last posted its quarterly earnings results on Friday, October 18th. The bank reported $0.62 EPS for the quarter. Parke Bancorp had a return on equity of 9.81% and a net margin of 22.32%. The company had revenue of $15.62 million for the quarter.

Parke Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Friday, October 4th. Parke Bancorp's payout ratio is currently 30.90%.

Insider Activity

In other Parke Bancorp news, Chairman Daniel J. Dalton sold 5,000 shares of Parke Bancorp stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $20.96, for a total value of $104,800.00. Following the sale, the chairman now owns 71,319 shares of the company's stock, valued at $1,494,846.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 15.52% of the company's stock.

Institutional Trading of Parke Bancorp

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in Parke Bancorp by 80.1% during the 1st quarter. BNP Paribas Financial Markets now owns 5,195 shares of the bank's stock valued at $89,000 after buying an additional 2,310 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Parke Bancorp during the 1st quarter worth about $198,000. Bank of New York Mellon Corp boosted its position in shares of Parke Bancorp by 7.6% during the second quarter. Bank of New York Mellon Corp now owns 57,428 shares of the bank's stock valued at $999,000 after buying an additional 4,076 shares during the period. Vanguard Group Inc. raised its holdings in shares of Parke Bancorp by 1.1% in the first quarter. Vanguard Group Inc. now owns 514,393 shares of the bank's stock worth $8,860,000 after buying an additional 5,698 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in Parke Bancorp during the 2nd quarter valued at $186,000. 49.69% of the stock is currently owned by institutional investors.

About Parke Bancorp

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.