Parke Bancorp Inc (NASDAQ: PKBK) has reported E.P.S. of $0.63 for its third fiscal quarter (ending September 30) versus $0.09 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $2.36 versus $2.58 for the same period a year ago.
Recent Price Action
On 10/18/24, Parke Bancorp Inc (NASDAQ: PKBK) stock declined modestly by -1.7%, closing at $21.25. However, trading volume in this decline was unusually low at 50% of normal. The stock has risen 5.8% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PKBK’s future returns on capital are forecasted to exceed 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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Parke Bancorp has a good Appreciation Score of 80 and a good Power Rating of 80, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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