Parke Bancorp (NASDAQ:PKBK) Stock Passes Above Two Hundred Day Moving Average of $16.99

Parke Bancorp, Inc. (NASDAQ:PKBK) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.99 and traded as high as $20.74. Parke Bancorp shares last traded at $20.73, with a volume of 39,055 shares trading hands.

Parke Bancorp Price Performance

The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.75. The stock has a market cap of $248.35 million, a PE ratio of 10.74 and a beta of 0.70. The company’s 50 day moving average is $17.77 and its 200-day moving average is $16.99.

Parke Bancorp (NASDAQ:PKBK) last announced its earnings results on Friday, July 19th. The bank reported $0.53 earnings per share (EPS) for the quarter. The business had revenue of $31.39 million for the quarter. Parke Bancorp had a return on equity of 10.19% and a net margin of 17.49%.

Parke Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Friday, July 5th. Parke Bancorp’s dividend payout ratio (DPR) is currently 37.31%.

Insider Transactions at Parke Bancorp

In related news, COO Ralph Martin Gallo sold 7,700 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $19.63, for a total value of $151,151.00. Following the sale, the chief operating officer now directly owns 404 shares of the company’s stock, valued at $7,930.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 15.33% of the company’s stock.

Hedge Funds Weigh In On Parke Bancorp

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in Parke Bancorp by 1,925.4% during 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 in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Parke Bancorp by 80.1% in the 1st quarter. BNP Paribas Financial Markets now owns 5,195 shares of the bank’s stock valued at $89,000 after acquiring an additional 2,310 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Parke Bancorp during the 2nd quarter valued at approximately $186,000. Quadrature Capital Ltd bought a new position in Parke Bancorp during the first quarter worth $198,000. Finally, Fulton Bank N.A. bought a new position in Parke Bancorp during the first quarter worth $837,000. 49.69% of the stock is currently owned by institutional investors and hedge funds.

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.