Parke Bancorp Downgraded to Hold by StockNews.com

Investment analysts from StockNews.com have recently downgraded Parke Bancorp (NASDAQ:PKBK) from a "buy" rating to a "hold" rating, as reported on Monday. This alteration in rating reflects a more cautious outlook on the company's current market performance.

Parke Bancorp Price Performance

On the same day of the downgrade, shares of Parke Bancorp saw a slight increase, trading up by $0.12 during midday sessions, reaching a price of $20.12. A total of 31,348 shares were traded, surpassing the average trading volume of 23,066 shares. Over the past year, Parke Bancorp's stock has experienced a low of $15.24 and a peak of $24.29. Financial metrics indicate a current ratio of 1.27, a quick ratio of 1.27, and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $239.23 million, a P/E ratio of 8.64, and a beta value of 0.73, with the 50-day and 200-day moving average prices positioned at $21.33 and $20.70, respectively.

Earnings Report

Parke Bancorp recently disclosed its earnings results on January 24th, reporting an earnings per share (EPS) of $0.61 for the quarter. The company demonstrated a net margin of 22.32% and a return on equity (ROE) of 9.75%, highlighting its profitability and shareholder returns.

Recent Insider Activity

In related news, Director Jeffrey H. Kripitz sold 10,000 shares of Parke Bancorp on November 20th at an average price of $22.77, leading to a total transaction value of $227,700. After this sale, Kripitz holds a total of 73,013 shares valued at $1,662,506. The sale represented a 12.05% reduction in the director's stake in the company. This transaction was recorded in a filing with the SEC, indicating the level of institutional oversight of insider trades.

Institutional Trading Trends

Recent data indicates a variety of hedge funds and institutional investors have engaged in trading Parke Bancorp shares. Dimensional Fund Advisors LP reported a 4.9% increase in its holdings in Parke Bancorp during the second quarter, now owning 477,549 shares valued at $8.31 million. Additionally, Geode Capital Management LLC raised its stake by 0.6%, holding 231,800 shares worth $4.85 million. Empowered Funds LLC increased its stake by 5.3% and Fourthstone LLC grew its holdings by 11.8%, reflecting widespread institutional interest in the bank's stock. Currently, approximately 49.69% of Parke Bancorp shares are owned by hedge funds and institutional investors.

Overview of Parke Bancorp

Parke Bancorp, Inc. operates as the bank holding company for Parke Bank, which offers a wide range of personal and business financial services. The bank provides an array of deposit products including checking accounts, savings accounts, money market accounts, and individual retirement accounts, among others.

Parke, Bancorp, Stocks