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

Parke Bancorp, Inc. (NASDAQ:PKBK)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $27.34 and traded as high as $31.21. Parke Bancorp shares last traded at $30.30, with a volume of 49,072 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parke Bancorp in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Parke Bancorp presently has a consensus rating of “Buy”.

Parke Bancorp Stock Up 1.1%

The stock has a market capitalization of $365.86 million, a PE ratio of 8.91 and a beta of 0.48. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average is $30.04 and its 200 day moving average is $27.43.

Parke Bancorp (NASDAQ:PKBK) last announced its quarterly earnings data on Friday, April 17th. The bank reported $0.99 EPS for the quarter. The firm had revenue of $22.99 million during the quarter. Parke Bancorp had a net margin of 28.04% and a return on equity of 13.02%.

Parke Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Friday, April 3rd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, April 2nd. Parke Bancorp’s dividend payout ratio is 20.57%.

Insiders Place Their Bets

In other Parke Bancorp news, CEO Vito S. Pantilione purchased 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were bought at an average price of $30.37 per share, for a total transaction of $39,481.00. Following the acquisition, the chief executive officer owned 237,429 shares in the company, valued at $7,210,718.73. This represents a 0.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 12.97% of the company’s stock.

Hedge Funds Weigh In On Parke Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its holdings in 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 buying an additional 119,274 shares during the period. Rhino Investment Partners Inc acquired a new position in Parke Bancorp in the 1st quarter worth approximately $6,469,000. Empirical Finance LLC increased its holdings in Parke Bancorp by 86.6% in the 1st 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 period. Militia Capital Management LLC acquired a new position in Parke Bancorp in the 1st quarter worth approximately $3,408,000. Finally, Hillsdale Investment Management Inc. acquired a new position in Parke Bancorp in the 1st quarter worth approximately $321,000. Institutional investors and hedge funds own 49.69% of the company’s stock.

Parke Bancorp Company Profile

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.