Key Points
- Director Daniel Dalton sold 7,500 shares of Parke Bancorp on Dec. 12 at an average price of $25.12 for $188,400, leaving him with 10,000 shares — a 42.86% reduction in his ownership.
- Stock and fundamentals: PKBK opened at $25.40 (near its 52‑week high of $25.55), has a market cap of $294.5M and a PE of 8.94; the company reported quarterly EPS of $0.89 with a net margin of 23.95% and ROE of 11.07%.
- Investor sentiment: Institutional ownership is about 49.7% with several recent inflows, and Weiss Ratings reissued a "Buy (b-)" while MarketBeat’s aggregate rating is "Buy".
Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) Director Daniel Dalton sold 7,500 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $25.12, for a total transaction of $188,400.00. Following the completion of the sale, the director owned 10,000 shares in the company, valued at $251,200. This represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Parke Bancorp Stock Up 0.7%
Shares of NASDAQ:PKBK opened at $25.40 on Tuesday. The company has a 50 day moving average price of $22.09 and a two-hundred day moving average price of $21.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $294.54 million, a PE ratio of 8.94 and a beta of 0.53. Parke Bancorp, Inc. has a 52 week low of $16.94 and a 52 week high of $25.55.
Parke Bancorp (NASDAQ:PKBK - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter. Parke Bancorp had a net margin of 23.95% and a return on equity of 11.07%. The company had revenue of $21.01 million during the quarter.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Nuveen LLC bought a new stake in shares of Parke Bancorp in the first quarter worth $571,000. Empirical Finance LLC increased its stake in Parke Bancorp by 58.3% in the 2nd quarter. Empirical Finance LLC now owns 35,407 shares of the bank's stock valued at $721,000 after buying an additional 13,036 shares during the last quarter. Trexquant Investment LP bought a new stake in Parke Bancorp during the 1st quarter worth about $207,000. Fourthstone LLC lifted its position in Parke Bancorp by 243.3% during the 2nd quarter. Fourthstone LLC now owns 200,838 shares of the bank's stock worth $4,091,000 after buying an additional 142,334 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Parke Bancorp during the 1st quarter worth about $494,000. 49.69% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "buy (b-)" rating on shares of Parke Bancorp in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Parke Bancorp has an average rating of "Buy".
Get Our Latest Report on PKBK
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
