Parke Bancorp (PKBK) Earns Daily News Sentiment Score of 0.07
Media headlines about Parke Bancorp (NASDAQ:PKBK) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Parke Bancorp earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 44.8373432899979 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Separately, ValuEngine upgraded 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) remained flat at $19.15 during midday trading on Wednesday. The company’s stock had a trading volume of 33 shares. Parke Bancorp has a 52 week low of $13.37 and a 52 week high of $22.95. The firm has a 50 day moving average price of $19.46 and a 200 day moving average price of $20.42. The firm has a market cap of $146.92 million, a price-to-earnings ratio of 13.19 and a beta of 0.65.
Parke Bancorp (NASDAQ:PKBK) last released its earnings results on Thursday, July 20th. The bank reported $0.37 earnings per share (EPS) for the quarter. Parke Bancorp had a net margin of 31.41% and a return on equity of 13.27%. The company had revenue of $10.39 million for the quarter. Equities analysts expect that Parke Bancorp will post $1.31 earnings per share for the current fiscal year.
In related news, Director Edward Infantolino sold 5,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 33,865 shares in the company, valued at approximately $717,938. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jack C. Sheppard, Jr. sold 3,132 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $19.33, for a total transaction of $60,541.56. Following the transaction, the director now owns 69,680 shares in the company, valued at approximately $1,346,914.40. The disclosure for this sale can be found here. Insiders have sold a total of 8,932 shares of company stock worth $181,422 in the last quarter. 26.05% of the stock is owned by corporate insiders.
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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