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

Parke Bancorp, Inc. (NASDAQ:PKBK) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.31 and traded as high as $21.30. Parke Bancorp shares last traded at $21.14, with a volume of 19,243 shares.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wall Street Zen cut Parke Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, June 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Parke Bancorp in a research report on Saturday, September 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Parke Bancorp has a consensus rating of “Buy”.

Parke Bancorp Price Performance

The company has a market capitalization of $250.51 million, a PE ratio of 8.23 and a beta of 0.62. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.23 and a current ratio of 1.23. The stock has a 50 day moving average price of $21.78 and a two-hundred day moving average price of $20.31.

Parke Bancorp (NASDAQ:PKBK) last announced its quarterly earnings results on Wednesday, July 16th. The bank reported $0.69 EPS for the quarter. The business had revenue of $18.69 million during the quarter. Parke Bancorp had a return on equity of 10.21% and a net margin of 22.44%.

Parke Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, October 3rd. This represents a $0.72 annualized dividend and a dividend yield of 3.4%. Parke Bancorp’s dividend payout ratio is 28.02%.

Insider Activity at Parke Bancorp

In other Parke Bancorp news, CFO Jonathan D. Hill sold 2,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $22.09, for a total value of $44,180.00. Following the completion of the sale, the chief financial officer owned 8,000 shares of the company’s stock, valued at $176,720. The trade was a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey H. Kripitz sold 3,363 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $22.19, for a total value of $74,624.97. Following the sale, the director owned 47,911 shares of the company’s stock, valued at approximately $1,063,145.09. This trade represents a 6.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,909 shares of company stock valued at $195,499. Insiders own 15.33% of the company’s stock.

Institutional Investors Weigh In On Parke Bancorp

A number of large investors have recently added to or reduced their stakes in the stock. Fourthstone LLC grew its holdings in Parke Bancorp by 243.3% during the second quarter. Fourthstone LLC now owns 200,838 shares of the bank’s stock valued at $4,091,000 after purchasing an additional 142,334 shares during the last quarter. Militia Capital Partners LP boosted its holdings in shares of Parke Bancorp by 0.8% during the 2nd quarter. Militia Capital Partners LP now owns 118,961 shares of the bank’s stock worth $2,423,000 after buying an additional 1,000 shares during the period. Bridgeway Capital Management LLC grew its stake in Parke Bancorp by 2.4% in the 2nd quarter. Bridgeway Capital Management LLC now owns 110,659 shares of the bank’s stock valued at $2,254,000 after buying an additional 2,549 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Parke Bancorp by 228.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,700 shares of the bank’s stock worth $1,991,000 after acquiring an additional 73,505 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Parke Bancorp by 46.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 64,420 shares of the bank’s stock worth $1,312,000 after acquiring an additional 20,347 shares during the period. Institutional investors own 49.69% of the company’s stock.

Parke Bancorp Company Profile

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.