Parke Bancorp, Inc. (NASDAQ:PKBK – Get Free Report) CFO Jonathan Hill sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $34.96, for a total value of $69,920.00. Following the completion of the transaction, the chief financial officer directly owned 30 shares in the company, valued at $1,048.80. This represents a 98.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Parke Bancorp Trading Down 0.7%
NASDAQ PKBK opened at $34.90 on Tuesday. The stock has a market capitalization of $410.42 million, a P/E ratio of 9.09 and a beta of 0.47. The business has a 50 day simple moving average of $33.16 and a 200 day simple moving average of $30.55. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.25 and a quick ratio of 1.25. Parke Bancorp, Inc. has a one year low of $19.71 and a one year high of $35.70.
Parke Bancorp (NASDAQ:PKBK – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.03 earnings per share (EPS) for the quarter. The firm had revenue of $23.89 million for the quarter. Parke Bancorp had a return on equity of 13.88% and a net margin of 29.99%.
Parke Bancorp Increases Dividend
Institutional Investors Weigh In On Parke Bancorp
Several hedge funds and other institutional investors have recently modified their holdings of PKBK. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Parke Bancorp by 83.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 263,046 shares of the bank’s stock worth $7,471,000 after purchasing an additional 119,274 shares in the last quarter. Militia Capital Management LLC bought a new stake in Parke Bancorp during the 1st quarter valued at $3,408,000. Sei Investments Co. acquired a new position in Parke Bancorp during the first quarter worth $1,602,000. Rhino Investment Partners Inc acquired a new position in Parke Bancorp during the first quarter worth $6,469,000. Finally, Empirical Finance LLC raised its holdings in Parke Bancorp by 86.6% during the first quarter. Empirical Finance LLC now owns 103,454 shares of the bank’s stock worth $2,938,000 after buying an additional 48,008 shares during the last quarter. Institutional investors own 49.69% of the company’s stock.
Wall Street Analysts Forecast Growth
PKBK has been the subject of a number of research reports. Wall Street Zen upgraded shares of Parke Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Parke Bancorp in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Parke Bancorp has an average rating of “Buy”.
View Our Latest Research Report on PKBK
About Parke Bancorp
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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