Parke Bancorp (NASDAQ:PKBK) Rating Lowered to Hold at StockNews.com

Parke Bancorp (NASDAQ:PKBK) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

Parke Bancorp Trading Down 0.1 %

Shares of NASDAQ PKBK opened at $20.10 on Monday. The business has a fifty day simple moving average of $21.28 and a 200-day simple moving average of $20.72. The company has a market cap of $238.99 million, a price-to-earnings ratio of 8.63 and a beta of 0.73. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. Parke Bancorp has a 12 month low of $15.24 and a 12 month high of $24.29.

Parke Bancorp (NASDAQ:PKBK) last posted its quarterly earnings results on Friday, January 24th. The bank reported $0.61 EPS for the quarter. Parke Bancorp had a net margin of 22.32% and a return on equity of 9.75%.

Insider Buying and Selling at Parke Bancorp

In related news, Director Jeffrey H. Kripitz sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $22.77, for a total transaction of $227,700.00. Following the transaction, the director now owns 73,013 shares in the company, valued at $1,662,506.01. This represents a 12.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 15.33% of the company’s stock.

Institutional Trading of Parke Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in PKBK. Dimensional Fund Advisors LP grew its holdings in Parke Bancorp by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 477,549 shares of the bank’s stock valued at $8,309,000 after purchasing an additional 22,374 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Parke Bancorp during the 2nd quarter worth about $186,000. Barclays PLC raised its stake in shares of Parke Bancorp by 306.7% during the 3rd quarter. Barclays PLC now owns 13,575 shares of the bank’s stock worth $284,000 after purchasing an additional 10,237 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Parke Bancorp in the 3rd quarter valued at about $211,000. Finally, Fourthstone LLC lifted its holdings in Parke Bancorp by 11.8% during the 3rd quarter. Fourthstone LLC now owns 26,957 shares of the bank’s stock valued at $563,000 after purchasing an additional 2,844 shares during the last quarter. 49.69% of the stock is owned by institutional investors.

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.