Parke Bancorp (NASDAQ:PKBK - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Monday.
Parke Bancorp Trading Down 1.7 %
NASDAQ:PKBK traded down $0.32 on Monday, reaching $18.75. The company's stock had a trading volume of 14,257 shares, compared to its average volume of 24,770. The business's 50-day moving average price is $18.66 and its two-hundred day moving average price is $20.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.27 and a current ratio of 1.27. Parke Bancorp has a 1-year low of $15.24 and a 1-year high of $24.29. The firm has a market cap of $222.06 million, a PE ratio of 8.26 and a beta of 0.56.
Parke Bancorp (NASDAQ:PKBK - Get Free Report) last released its earnings results on Thursday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $17.43 million for the quarter. Parke Bancorp had a return on equity of 9.41% and a net margin of 21.25%.
Insider Buying and Selling at Parke Bancorp
In other news, Director Jeffrey H. Kripitz sold 6,101 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $20.12, for a total transaction of $122,752.12. Following the completion of the sale, the director now owns 54,353 shares in the company, valued at approximately $1,093,582.36. This trade represents a 10.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 7,160 shares of company stock worth $143,947 over the last quarter. 15.33% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in PKBK. Wells Fargo & Company MN grew its holdings in shares of Parke Bancorp by 15.6% during 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 last quarter. Barclays PLC grew its stake in shares of Parke Bancorp by 306.7% during the third quarter. Barclays PLC now owns 13,575 shares of the bank's stock worth $284,000 after buying an additional 10,237 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Parke Bancorp by 6.7% during the third quarter. Jane Street Group LLC now owns 14,037 shares of the bank's stock worth $293,000 after buying an additional 880 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Parke Bancorp by 5.2% in the 4th quarter. Rhumbline Advisers now owns 15,495 shares of the bank's stock valued at $318,000 after acquiring an additional 767 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Parke Bancorp by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,085 shares of the bank's stock worth $336,000 after acquiring an additional 1,842 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.
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