Parke Bancorp
PKBK

$19.90

0.35%

Market Cap: $238M

About: Parke Bancorp Inc operates as a commercial bank providing personal and financial services to individuals and small to mid-sized businesses in various states of the USA. The bank offers services such as loan products, deposit services, and other financial products through its retail branches and other channels to its customers. Its lending businesses are commercial real estate lending, residential real estate lending, and construction lending among others. The Company operates one reportable segment of business, community banking.

Employees: 106

Financials State Commercial Banks

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

978% more call options, than puts

Call options by funds: $97K | Put options by funds: $9K

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

25% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 20

4% more funds holding

Funds holding: 70 [Q1] → 73 (+3) [Q2]

0% more capital invested

Capital invested by funds: $93.6M [Q1] → $94.1M (+$456K) [Q2]

0.24% less ownership

Funds ownership: 45.45% [Q1] → 45.21% (-0.24%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for PKBK.

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Financial journalist opinion

PARKE BANCORP, INC. ANNOUNCES STOCK REPURCHASE PLAN

WASHINGTON TOWNSHIP, N.J. , Aug. 2, 2024 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced its Board of Directors approved a plan to repurchase up to 5% of the Company's common stock during the next twelve months, unless completed sooner or otherwise extended.

PARKE BANCORP, INC. ANNOUNCES STOCK REPURCHASE PLAN

Parke Bancorp Offers A 3.5% Yield And A 20% Discount To TBV

Parke Bancorp has strong earnings with a slight increase in net interest income, despite an increase in loan loss provisions. The bank has a relatively low amount of unrealized losses on securities and a focus on recovering soured loans, especially in the commercial real estate portfolio. Trading at 10 times earnings and a 20% discount to tangible book value per share, Parke Bancorp presents a good opportunity for a long position.

Parke Bancorp Offers A 3.5% Yield And A 20% Discount To TBV

PARKE BANCORP, INC. ANNOUNCES SECOND QUARTER 2024 EARNINGS

Highlights: Net Income: $6.5 million for Q2 2024, increased 5.0% over Q1 2024 Revenue: $31.4 million for Q2 2024, increased 8.8% over Q1 2024 Total Assets: $2.03 billion, increased 0.2% over December 31, 2023 Total Loans: $1.81 billion, increased 1.0% over December 31, 2023 Total Deposits: $1.50 billion, decreased 3.6% from December 31, 2023 WASHINGTON TOWNSHIP, N.J. , July 19, 2024 /PRNewswire/ -- Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the three and six months ended June 30, 2024.

PARKE BANCORP, INC. ANNOUNCES SECOND QUARTER 2024 EARNINGS

PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND

WASHINGTON TOWNSHIP, N.J. , June 20, 2024 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced the declaration of a $0.18 per share cash dividend, payable on July 19, 2024, to its stockholders of record as of the close of business on July 5, 2024.

PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND

PARKE BANCORP, INC. ANNOUNCES FIRST QUARTER 2024 EARNINGS

Highlights: Net Income: $6.1 million for Q1 2024 Revenue: $30.5 million for Q1 2024 Total Assets: $2.01 billion, decreased 0.7% from December 31, 2023 Total Loans: $1.79 billion, decreased 0.1% over December 31, 2023 Total Deposits: $1.56 billion, increased 0.7% from December 31, 2023 WASHINGTON TOWNSHIP, N.J. , April 19, 2024 /PRNewswire/ -- Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank, announced its operating results for the quarter ended March 31, 2024.

PARKE BANCORP, INC. ANNOUNCES FIRST QUARTER 2024 EARNINGS

PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND

WASHINGTON TOWNSHIP, N.J., March 20, 2024 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced the declaration of a $0.18 per share cash dividend, payable on April 19, 2024, to its stockholders of record as of the close of business on April 5, 2024.

PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND

PARKE BANCORP, INC. ANNOUNCES FOURTH QUARTER 2023 EARNINGS

Highlights: Net Income: $8.2 million for Q4 2023 Revenue: $31.8 million for Q4 2023 Total Assets: $2.02 billion, increased 1.9% from December 31, 2022 Total Loans: $1.79 billion, increased 2.0% from December 31, 2022 Total Deposits: $1.55 billion, decreased 1.5% from December 31, 2022 WASHINGTON TOWNSHIP, N.J. , Jan. 24, 2024 Parke Bancorp, Inc. ("Parke Bancorp" or the "Company") (NASDAQ: "PKBK"), the parent company of Parke Bank (the "Bank"), announced its operating results for the quarter ended December 31, 2023.

PARKE BANCORP, INC. ANNOUNCES FOURTH QUARTER 2023 EARNINGS

PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND

WASHINGTON TOWNSHIP, N.J. , Dec. 20, 2023 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced the declaration of a $0.18 per share cash dividend, payable on January 17, 2024, to its stockholders of record as of the close of business on January 3, 2024.

PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND

Parke Bancorp Makes For A Fantastic Place To Park Your Money

Parke Bancorp is a small but stable bank with a market capitalization of $207.9 million. The bank has successfully reduced debt and is experiencing growth in deposits. Despite high exposure to uninsured deposits, the bank is still considered a solid buy due to its attractive valuation and overall track record.

Parke Bancorp Makes For A Fantastic Place To Park Your Money

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