Parke BancorpPKBK
PKBK
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
0
Funds holding %
of 7,290 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
4% more funds holding
Funds holding: 71 [Q3] → 74 (+3) [Q4]
0.28% less ownership
Funds ownership: 46.88% [Q3] → 46.6% (-0.28%) [Q4]
3% less capital invested
Capital invested by funds: $117M [Q3] → $114M (-$3.68M) [Q4]
13% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 24
Research analyst outlook
We haven’t received any recent analyst ratings for PKBK.
Financial journalist opinion
Positive
Seeking Alpha
4 weeks ago
Parke Bancorp: Little Known Bank Continues To Chug Along
Parke Bancorp, Inc. is a stable investment with a 3.6% dividend yield, offering reliable income despite limited growth prospects. PKBK Q4 performance showed strong loan and deposit growth, but net income declined due to higher provisions for credit losses and non-interest expenses. Margins contracted, with net interest margin down to 3.02%, but net interest income increased by 0.7% year-over-year.
Neutral
PRNewsWire
1 month ago
PARKE BANCORP, INC. ANNOUNCES FOURTH QUARTER 2024 EARNINGS
Highlights: Net Income: $7.4 million for Q4 2024, decreased 1.5% from Q3 2024 Revenue: $34.5 million for Q4 2024, increased 4.4% over Q3 2024 Total Assets: $2.14 billion, increased 5.9% from December 31, 2023 Total Loans: $1.87 billion, increased 4.5% from December 31, 2023 Total Deposits: $1.63 billion, increased 5.0% from December 31, 2023 WASHINGTON TOWNSHIP, N.J. , Jan. 24, 2025 /PRNewswire/ -- 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 and fiscal year ended December 31, 2024.
Neutral
PRNewsWire
2 months ago
PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND
WASHINGTON TOWNSHIP, N.J. , Dec. 18, 2024 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced the declaration of a $0.18 per share cash dividend, payable on January 17, 2025, to its stockholders of record as of the close of business on January 3, 2025.
Positive
Seeking Alpha
3 months ago
Parke Bancorp: Still Banking On This Name
Despite recent underperformance, Parke Bancorp remains a 'buy' due to its attractive valuation and strong asset quality compared to peers. The company's net interest income and non-interest income have declined, but its balance sheet remains stable with increasing loans and deposits. Parke Bancorp's price-to-earnings, price-to-book, and price-to-tangible-book ratios indicate it is undervalued relative to similar firms.
Neutral
PRNewsWire
4 months ago
PARKE BANCORP, INC. ANNOUNCES THIRD QUARTER 2024 EARNINGS
Highlights: Net Income: $7.5 million for Q3 2024, increased 16.3% over Q2 2024 Revenue: $33.0 million for Q3 2024, increased 5.2% over Q2 2024 Total Assets: $2.07 billion, increased 2.1% over December 31, 2023 Total Loans: $1.84 billion, increased 2.9% over December 31, 2023 Total Deposits: $1.56 billion, increased 0.4% from December 31, 2023 WASHINGTON TOWNSHIP, N.J. , Oct. 18, 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 nine months ended September 30, 2024.
Neutral
PRNewsWire
5 months ago
PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND
WASHINGTON TOWNSHIP, N.J. , Sept. 18, 2024 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced the declaration of a $0.18 per share cash dividend, payable on October 18, 2024, to its stockholders of record as of the close of business on October 4, 2024.
Neutral
PRNewsWire
6 months ago
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.
Positive
Seeking Alpha
6 months ago
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.
Neutral
PRNewsWire
7 months ago
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.
Neutral
PRNewsWire
8 months ago
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.
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