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

Parke Bancorp, Inc. (NASDAQ:PKBK)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.82 and traded as high as $28.63. Parke Bancorp shares last traded at $28.51, with a volume of 136,393 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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Parke Bancorp Price Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $341.93 million, a price-to-earnings ratio of 9.22 and a beta of 0.48. The business’s 50-day moving average price is $28.09 and its two-hundred day moving average price is $24.89.

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 during the quarter.

Parke Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Friday, April 3rd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.5%. Parke Bancorp’s dividend payout ratio (DPR) is presently 22.78%.

Insider Activity at Parke Bancorp

In other news, insider Nicholas J. Pantilione sold 14,675 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $28.29, for a total transaction of $415,155.75. Following the completion of the sale, the insider owned 1,850 shares of the company’s stock, valued at approximately $52,336.50. This trade represents a 88.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vito S. Pantilione acquired 1,000 shares of Parke Bancorp stock in a transaction that occurred on Thursday, January 29th. The shares were purchased at an average price of $27.63 per share, for a total transaction of $27,630.00. Following the completion of the purchase, the chief executive officer directly owned 236,129 shares of the company’s stock, valued at $6,524,244.27. The trade was a 0.43% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 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 Investors Weigh In On Parke Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake in shares of Parke Bancorp by 228.3% during the first quarter. Goldman Sachs Group Inc. now owns 105,700 shares of the bank’s stock valued at $1,991,000 after purchasing an additional 73,505 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Parke Bancorp by 3.4% during the first quarter. Empowered Funds LLC now owns 49,443 shares of the bank’s stock valued at $932,000 after purchasing an additional 1,644 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Parke Bancorp during the first quarter valued at about $229,000. Rhumbline Advisers raised its stake in shares of Parke Bancorp by 7.0% during the second quarter. Rhumbline Advisers now owns 15,969 shares of the bank’s stock valued at $325,000 after purchasing an additional 1,051 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Parke Bancorp by 46.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 64,420 shares of the bank’s stock valued at $1,312,000 after purchasing an additional 20,347 shares in the last quarter. 49.69% of the stock is currently owned by institutional investors.

About Parke Bancorp

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.