Parke Bancorp Inc (NASDAQ: PKBK) has reported E.P.S. of $0.51 for its first fiscal quarter (ending March 31) versus $0.93 for the same period a year ago. E.P.S. were $1.96 for the latest four quarters through March 31 versus $3.59 for the same period a year ago.
Recent Price Action
Parke Bancorp Inc (NASDAQ: PKBK) stock closed at $16.55 on 4/19/24 after an increase of 1.8%. However, this advance was accompanied by unusually low trading volume at 65% of normal. The stock has performed in line with the market over the last nine months and has risen 1.7% during the last week.
Current PriceTarget Research Rating
PKBK’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Parke Bancorp has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Parke Bancorp has a good Appreciation Score of 84 but a neutral Power Rating of 49, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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