Parke Bancorp (NASDAQ:PKBK) Share Price Passes Above Two Hundred Day Moving Average of $17.24

Parke Bancorp, Inc. (NASDAQ:PKBK)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $17.24 and traded as high as $17.49. Parke Bancorp shares last traded at $17.40, with a volume of 157,449 shares.

Parke Bancorp Stock Performance

The company has a market cap of $208.10 million, a price-to-earnings ratio of 9.02 and a beta of 0.74. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $16.29 and its 200 day simple moving average is $17.24.

Parke Bancorp (NASDAQ:PKBK) last issued its earnings results on Friday, April 19th. The bank reported $0.51 EPS for the quarter. The company had revenue of $15.12 million for the quarter. Parke Bancorp had a net margin of 19.22% and a return on equity of 10.91%.

Parke Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.14%. Parke Bancorp’s payout ratio is presently 37.31%.

Insiders Place Their Bets

In other news, Director Jeffrey H. Kripitz sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $16.95, for a total transaction of $101,700.00. Following the sale, the director now owns 87,013 shares of the company’s stock, valued at approximately $1,474,870.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Parke Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in Parke Bancorp in the fourth quarter valued at about $116,000. International Assets Investment Management LLC raised its holdings in Parke Bancorp by 1,925.4% in the fourth quarter. International Assets Investment Management LLC now owns 2,471 shares of the bank’s stock valued at $50,000 after buying an additional 2,349 shares during the period. Cutler Capital Management LLC lifted its position in Parke Bancorp by 0.4% during the fourth quarter. Cutler Capital Management LLC now owns 307,829 shares of the bank’s stock valued at $6,234,000 after buying an additional 1,373 shares in the last quarter. Fulton Bank N.A. purchased a new stake in shares of Parke Bancorp in the first quarter worth about $837,000. Finally, BNP Paribas Financial Markets increased its stake in Parke Bancorp by 80.1% during the 1st quarter. BNP Paribas Financial Markets now owns 5,195 shares of the bank’s stock worth $89,000 after buying an additional 2,310 shares during the period. Institutional investors and hedge funds own 49.69% of the company’s stock.

About Parke Bancorp

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.