Shares of Parke Bancorp, Inc. (NASDAQ:PKBK) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.30 and traded as high as $24.60. Parke Bancorp shares last traded at $24.59, with a volume of 481 shares changing hands.

A number of research firms have weighed in on PKBK. ValuEngine raised shares of Parke Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday. BidaskClub lowered Parke Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday.

The company has a market cap of $263.89 million, a PE ratio of 8.60 and a beta of 0.66. The firm’s fifty day moving average is $24.59 and its 200 day moving average is $23.31. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68.

Parke Bancorp (NASDAQ:PKBK) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $15.78 million for the quarter. Parke Bancorp had a net margin of 35.79% and a return on equity of 17.89%.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.16 per share. The ex-dividend date is Thursday, January 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.73%.

In other news, Director Celestino R. Pennoni sold 5,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $23.75, for a total transaction of $118,750.00. Following the completion of the sale, the director now owns 277,998 shares of the company’s stock, valued at $6,602,452.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward Infantolino sold 1,074 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $24.05, for a total transaction of $25,829.70. Following the sale, the director now directly owns 35,061 shares of the company’s stock, valued at approximately $843,217.05. The disclosure for this sale can be found here. Insiders have sold 7,574 shares of company stock valued at $180,610 in the last three months. Insiders own 17.82% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp increased its stake in shares of Parke Bancorp by 19.6% in the 3rd quarter. State Street Corp now owns 157,808 shares of the bank’s stock worth $3,506,000 after acquiring an additional 25,846 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Parke Bancorp during the 3rd quarter worth approximately $350,000. Bowling Portfolio Management LLC acquired a new stake in shares of Parke Bancorp during the 3rd quarter worth approximately $407,000. BlackRock Inc. raised its position in shares of Parke Bancorp by 33.3% during the 2nd quarter. BlackRock Inc. now owns 456,709 shares of the bank’s stock valued at $10,938,000 after buying an additional 114,105 shares during the period. Finally, Northern Trust Corp raised its position in shares of Parke Bancorp by 5.2% during the 2nd quarter. Northern Trust Corp now owns 81,785 shares of the bank’s stock valued at $1,959,000 after buying an additional 4,015 shares during the period. Hedge funds and other institutional investors own 38.74% of the company’s stock.

Parke Bancorp Company Profile (NASDAQ:PKBK)

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, money market, and individual retirement accounts, as well as certificates of deposit.

See Also: What are some reasons analysts would give stocks a buy rating?

Receive News & Ratings for Parke Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parke Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.