Key Points
- Director Daniel Dalton sold 5,000 shares of Parke Bancorp on January 27 at an average price of $27.57, a transaction totaling $137,850 disclosed in an SEC filing.
- Parke Bancorp reported quarterly EPS of $0.93 on revenue of $22.74 million, has a market cap of $314.82 million and a P/E of 8.59, and its shares trade in a 52‑week range of $16.94 to $28.22 (opened at $27.14).
- The firm pays a quarterly dividend of $0.18 (annualized $0.72) for a 2.7% yield and a 22.78% payout ratio; Weiss Ratings reaffirmed a "buy" and institutional investors own about 49.7% of the stock.
Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) Director Daniel Dalton sold 5,000 shares of the company's stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $27.57, for a total transaction of $137,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Parke Bancorp Stock Up 0.5%
Shares of Parke Bancorp stock opened at $27.14 on Friday. The business has a 50-day moving average price of $24.85 and a 200 day moving average price of $22.71. Parke Bancorp, Inc. has a fifty-two week low of $16.94 and a fifty-two week high of $28.22. The firm has a market cap of $314.82 million, a P/E ratio of 8.59 and a beta of 0.51. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.
Parke Bancorp (NASDAQ:PKBK - Get Free Report) last released its earnings results on Thursday, January 22nd. The bank reported $0.93 EPS for the quarter. Parke Bancorp had a return on equity of 12.16% and a net margin of 25.86%.The company had revenue of $22.74 million for the quarter.
Parke Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were paid a dividend of $0.18 per share. The ex-dividend date was Friday, January 2nd. This represents a $0.72 annualized dividend and a yield of 2.7%. Parke Bancorp's payout ratio is presently 22.78%.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Parke Bancorp in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Parke Bancorp presently has an average rating of "Buy".
View Our Latest Stock Analysis on Parke Bancorp
Hedge Funds Weigh In On Parke Bancorp
Several hedge funds and other institutional investors have recently modified their holdings of PKBK. Lakewood Asset Management LLC grew its position in shares of Parke Bancorp by 8.1% during the fourth quarter. Lakewood Asset Management LLC now owns 14,593 shares of the bank's stock worth $365,000 after acquiring an additional 1,089 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Parke Bancorp by 16.3% during the 4th quarter. Ritholtz Wealth Management now owns 11,560 shares of the bank's stock valued at $289,000 after purchasing an additional 1,620 shares during the period. Daytona Street Capital LLC bought a new position in Parke Bancorp in the 4th quarter worth about $163,000. Byrne Asset Management LLC bought a new position in Parke Bancorp in the 4th quarter worth about $75,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Parke Bancorp by 12.6% during the third quarter. JPMorgan Chase & Co. now owns 11,214 shares of the bank's stock valued at $242,000 after buying an additional 1,253 shares during 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 is the bank holding company for Parke Bank, a community-oriented financial institution headquartered in Kittanning, Pennsylvania. The company delivers a full range of retail and commercial banking services to individuals, small businesses and agricultural clients through a network of branches and ATMs, supported by secure online and mobile banking platforms.
Its product lineup includes deposit accounts—such as checking, savings, money market accounts and certificates of deposit—alongside a variety of lending solutions.
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