Parke Bancorp (NASDAQ:PKBK) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.37 earnings per share (EPS) 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 expect Parke Bancorp to post $1.31 EPS for the current fiscal year and $1.35 EPS for the next fiscal year.
Parke Bancorp, Inc. (PKBK) opened at 22.50 on Thursday. The company has a 50-day moving average of $20.45 and a 200-day moving average of $20.66. Parke Bancorp, Inc. has a one year low of $13.50 and a one year high of $23.00. The company has a market cap of $172.62 million, a price-to-earnings ratio of 15.50 and a beta of 0.67.
In other Parke Bancorp news, Director Jack C. Sheppard, Jr. sold 3,132 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $19.33, for a total value of $60,541.56. Following the completion of the sale, the director now owns 69,680 shares in the company, valued at $1,346,914.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.05% of the company’s stock.
Several institutional investors have recently made changes to their positions in PKBK. The Manufacturers Life Insurance Company bought a new position in shares of Parke Bancorp during the second quarter valued at approximately $150,000. California State Teachers Retirement System bought a new position in shares of Parke Bancorp during the second quarter valued at approximately $226,000. Finally, State Street Corp bought a new position in shares of Parke Bancorp during the second quarter valued at approximately $1,157,000. Institutional investors own 24.27% 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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