News coverage about Parke Bancorp (NASDAQ:PKBK) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Parke Bancorp earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 47.3651529077475 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Separately, ValuEngine raised shares of Parke Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
Shares of Parke Bancorp (NASDAQ:PKBK) opened at 18.15 on Monday. Parke Bancorp has a one year low of $12.36 and a one year high of $22.95. The stock’s 50 day moving average is $21.20 and its 200-day moving average is $20.34. The stock has a market cap of $137.52 million, a P/E ratio of 12.50 and a beta of 0.63.
Parke Bancorp (NASDAQ:PKBK) last issued its quarterly earnings results on Thursday, July 20th. The bank reported $0.37 earnings per share for the quarter. Parke Bancorp had a return on equity of 13.42% and a net margin of 31.41%. The business had revenue of $10.39 million for the quarter. On average, equities analysts forecast that Parke Bancorp will post $1.31 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were paid a dividend of $0.12 per share. This is a positive change from Parke Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date was Wednesday, July 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.65%. Parke Bancorp’s payout ratio is presently 33.06%.
In other news, Director Edward Infantolino sold 4,600 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $21.05, for a total transaction of $96,830.00. Following the sale, the director now owns 33,865 shares in the company, valued at $712,858.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 23,293 shares of company stock worth $489,280 in the last 90 days. Insiders own 26.05% of the company’s stock.
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About Parke Bancorp
Parke Bancorp, Inc is a bank holding company of Parke Bank (the Bank). The Bank is a full commercial service bank, with focus on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Cape May Counties in New Jersey and the Philadelphia area in Pennsylvania.
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