Parke Bancorp Inc (NASDAQ: PKBK) has reported E.P.S. of $0.54 for its second fiscal quarter (ending June 30) versus $0.68 for the same period a year ago — a decline of -21%. For the latest four quarters through June 30, E.P.S. were $1.82 versus $3.37 for the same period a year ago — a decline of -46%.
Recent Price Action
Parke Bancorp Inc (NASDAQ: PKBK) stock closed at $18.16 on 7/19/24 after a decline of -3.3%. However, this decline was accompanied by exceptionally low trading volume at 37% of normal. The stock has been weak relative to the market over the last nine months but has risen 4.7% during the last week.
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 C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Parke Bancorp has a good Appreciation Score of 83 but a slightly negative Power Rating of 32, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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