Shares of Parke Bancorp, Inc. (NASDAQ:PKBK) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $21.69. Parke Bancorp shares last traded at $21.69, with a volume of 1,349 shares trading hands.
A number of equities research analysts recently weighed in on the company. ValuEngine downgraded Parke Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. BidaskClub downgraded Parke Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, July 4th.
The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $231.68 million, a price-to-earnings ratio of 8.54 and a beta of 0.66. The business has a fifty day moving average price of $23.27.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.96%. The ex-dividend date was Thursday, July 11th. This is an increase from Parke Bancorp’s previous quarterly dividend of $0.14.
In other Parke Bancorp news, Director Jeffrey H. Kripitz sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $21.52, for a total value of $86,080.00. Following the completion of the sale, the director now owns 195,043 shares of the company’s stock, valued at $4,197,325.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 17.82% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in Parke Bancorp by 8.1% in the second quarter. JPMorgan Chase & Co. now owns 6,987 shares of the bank’s stock worth $164,000 after acquiring an additional 521 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Parke Bancorp by 61.7% in the second quarter. Acadian Asset Management LLC now owns 2,434 shares of the bank’s stock worth $58,000 after acquiring an additional 929 shares in the last quarter. NJ State Employees Deferred Compensation Plan boosted its holdings in Parke Bancorp by 9.1% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 12,000 shares of the bank’s stock worth $287,000 after acquiring an additional 1,000 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Parke Bancorp by 564.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,468 shares of the bank’s stock worth $31,000 after acquiring an additional 1,247 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Parke Bancorp by 23.7% in the first quarter. SG Americas Securities LLC now owns 7,394 shares of the bank’s stock worth $154,000 after acquiring an additional 1,417 shares in the last quarter. 34.72% of the stock is owned by institutional investors and hedge funds.
About Parke Bancorp (NASDAQ:PKBK)
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, money market, and individual retirement accounts, as well as certificates of deposit.
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