Parke Bancorp (PKBK) Getting Somewhat Positive Press Coverage, Report Shows

Media headlines about Parke Bancorp (NASDAQ:PKBK) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Parke Bancorp earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 47.3895438105446 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

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Parke Bancorp (NASDAQ PKBK) opened at 19.05 on Friday. The firm has a market cap of $146.15 million, a PE ratio of 13.12 and a beta of 0.63. Parke Bancorp has a one year low of $12.43 and a one year high of $22.95. The company’s 50-day moving average is $20.73 and its 200-day moving average is $20.38.

Parke Bancorp (NASDAQ:PKBK) last released its earnings results on Thursday, July 20th. The bank reported $0.37 earnings per share for the quarter. The business had revenue of $10.39 million during the quarter. Parke Bancorp had a net margin of 31.41% and a return on equity of 13.27%. On average, analysts forecast that Parke Bancorp will post $1.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Wednesday, July 12th. This is an increase from Parke Bancorp’s previous quarterly dividend of $0.09. Parke Bancorp’s dividend payout ratio is currently 33.06%.

Separately, ValuEngine cut shares of Parke Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, May 11th.

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In other Parke Bancorp news, Director Edward Infantolino sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $21.20, for a total transaction of $106,000.00. Following the completion of the sale, the director now owns 33,865 shares of the company’s stock, valued at approximately $717,938. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 23,293 shares of company stock valued at $489,280 in the last three months. Insiders own 26.05% of the company’s stock.

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.