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

Parke Bancorp, Inc. (NASDAQ:PKBK)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.06 and traded as high as $29.22. Parke Bancorp shares last traded at $28.73, with a volume of 74,446 shares.

Wall Street Analyst Weigh In

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

Parke Bancorp Trading Up 0.1%

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $333.27 million, a price-to-earnings ratio of 9.09 and a beta of 0.53. The business’s 50-day moving average price is $25.63 and its two-hundred day moving average price is $23.06.

Parke Bancorp (NASDAQ:PKBK) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $0.93 EPS for the quarter. The firm had revenue of $22.74 million for the quarter. Parke Bancorp had a return on equity of 12.16% and a net margin of 25.86%.

Parke Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, January 2nd. Parke Bancorp’s payout ratio is 22.78%.

Insider Activity

In other news, Director Daniel J. Dalton sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $27.57, for a total value of $137,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vito S. Pantilione purchased 1,000 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were purchased at an average cost of $27.63 per share, with a total value of $27,630.00. Following the acquisition, the chief executive officer owned 236,129 shares in the company, valued at $6,524,244.27. This trade represents a 0.43% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders sold 45,981 shares of company stock worth $1,205,766. 12.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Empirical Finance LLC boosted its position in Parke Bancorp by 58.3% in the second quarter. Empirical Finance LLC now owns 35,407 shares of the bank’s stock valued at $721,000 after buying an additional 13,036 shares in the last quarter. Fourthstone LLC lifted its stake in shares of Parke Bancorp by 243.3% in the 2nd quarter. Fourthstone LLC now owns 200,838 shares of the bank’s stock valued at $4,091,000 after acquiring an additional 142,334 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of Parke Bancorp by 16.3% in the 4th quarter. Ritholtz Wealth Management now owns 11,560 shares of the bank’s stock valued at $289,000 after acquiring an additional 1,620 shares during the last quarter. Daytona Street Capital LLC acquired a new stake in shares of Parke Bancorp during the 4th quarter valued at $163,000. Finally, Byrne Asset Management LLC bought a new stake in Parke Bancorp during the 4th quarter worth $75,000. 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.