Parke Bancorp (NASDAQ:PKBK) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Parke Bancorp, Inc. (NASDAQ:PKBK) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $24.47 and traded as high as $29.01. Parke Bancorp shares last traded at $28.41, with a volume of 54,836 shares.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Parke Bancorp in a report on Monday, December 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Parke Bancorp Stock Performance

The company’s fifty day moving average price is $27.67 and its 200 day moving average price is $24.47. The company has a market cap of $333.25 million, a PE ratio of 8.99 and a beta of 0.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.22 and a quick ratio of 1.22.

Parke Bancorp (NASDAQ:PKBK) last released its quarterly earnings results on Thursday, January 22nd. The bank reported $0.93 earnings per share for the quarter. Parke Bancorp had a net margin of 25.86% and a return on equity of 12.03%. The business had revenue of $22.74 million for the quarter.

Insider Activity

In other news, Director Daniel J. Dalton sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $27.57, for a total value of $137,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jack C. Sheppard, Jr. sold 22,500 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $27.03, for a total value of $608,175.00. The SEC filing for this sale provides additional information. In the last quarter, insiders bought 1,700 shares of company stock worth $47,430 and sold 42,175 shares worth $1,161,181. 15.33% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its stake in shares of Parke Bancorp by 66.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,147 shares of the bank’s stock worth $46,000 after purchasing an additional 855 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Parke Bancorp by 44.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,251 shares of the bank’s stock worth $66,000 after buying an additional 999 shares during the last quarter. CWM LLC grew its position in Parke Bancorp by 251.5% during the third quarter. CWM LLC now owns 3,367 shares of the bank’s stock valued at $73,000 after buying an additional 2,409 shares during the period. Byrne Asset Management LLC bought a new position in Parke Bancorp during the fourth quarter valued at about $75,000. Finally, Daytona Street Capital LLC purchased a new stake in Parke Bancorp during the fourth quarter worth about $163,000. Institutional investors 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.