Press coverage about Parke Bancorp (NASDAQ:PKBK) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Parke Bancorp earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.1116883421769 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of PKBK stock traded up $0.60 during trading hours on Friday, hitting $23.20. 94,272 shares of the company were exchanged, compared to its average volume of 39,207. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.96. Parke Bancorp has a 52 week low of $16.25 and a 52 week high of $24.55. The company has a market capitalization of $186.17 million, a price-to-earnings ratio of 14.50 and a beta of 0.20.
Parke Bancorp (NASDAQ:PKBK) last released its earnings results on Tuesday, April 17th. The bank reported $0.58 earnings per share for the quarter. The business had revenue of $11.89 million during the quarter. Parke Bancorp had a net margin of 26.65% and a return on equity of 14.77%.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 18th. Investors of record on Saturday, May 5th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 4th. This represents a $0.56 dividend on an annualized basis and a yield of 2.41%. This is an increase from Parke Bancorp’s previous quarterly dividend of $0.12.
In related news, Director Jeffrey H. Kripitz sold 4,000 shares of the firm’s stock in a transaction on Wednesday, April 25th. The shares were sold at an average price of $23.62, for a total value of $94,480.00. Following the completion of the transaction, the director now owns 190,949 shares of the company’s stock, valued at $4,510,215.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 23.53% of the stock is currently owned by company insiders.
About Parke Bancorp
Parke Bancorp, Inc operates as the bank holding company for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses. The company offers various deposit products, including checking, savings, money market, and individual retirement accounts, as well as certificates of deposit.
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