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Parke Bancorp Inc   (PKBK)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $16.7400 $0.10 0.601%
Day's High: $16.82 Week Perf: -1.12 %
Day's Low: $ 16.48 30 Day Perf: -0.42 %
Volume (M): 39 52 Wk High: $ 20.87
Volume (M$): $ 646 52 Wk Avg: $17.43
Open: $16.48 52 Wk Low: $14.86



 Market Capitalization (Millions $) 203
 Shares Outstanding (Millions) 12
 Employees 65
 Revenues (TTM) (Millions $) 73
 Net Income (TTM) (Millions $) 28
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 0

Parke Bancorp Inc
The Company is a bank holding company incorporated under the laws of the State of New Jersey in January 2005 for the sole purpose of becoming the holding company of the Bank. The Company commenced operations on June 1, 2005, upon completion of the reorganization of the Bank into the holding company form of organization following approval of the reorganization by shareholders of the Bank at its 2005 Annual Meeting of Shareholders. The Company’s business and operations primarily consist of its ownership of the Bank.


   Company Address: 601 Delsea Drive Washington Township 8080 NJ
   Company Phone Number: 256-2500   Stock Exchange / Ticker: NASDAQ PKBK
   


Customers Net Income fell by PKBK's Customers Net Profit Margin fell to

-4.36 %

11.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK   -0.33%    
CFG   -2.19%    
FCNCA        2.47% 
FITB   -2.51%    
NTRS        1.27% 
WAL   -1.75%    
• View Complete Report
   



Parke Bancorp Inc

Parke Bancorp Inc Faces Revenue Decline in Recent Fiscal Period, Sees Improvement in Quarter-over-Quarter Results

In the most recent fiscal period, Parke Bancorp Inc experienced a drop in both revenue and profitability. Income fell by 21.1% to $0.68 per share and revenue decreased by 12.213% year on year, with revenue at $17.45 million compared to $19.87 million in the same period the year before. However, there was some improvement from the preceding quarter, with EPS increasing by 743.92% from $0.08 per share and revenue growing by 1.318% from $17.22 million.
Earnings in the fourth quarter of 2023 also saw a decline, falling by 21.82% to $8.173 million compared to $10.454 million in the same period the previous year. Parke Bancorp Inc's profitability was further impacted, with the operating margin decreasing to 63.97% and the net margin shrinking to 46.85%. Operating earnings fell by 18.66% to $11.16 million, leading to a decrease in the operating margin from 69.04% in the fourth quarter of 2022.

Parke Bancorp Inc

Parke Bancorp Inc Faces Severe Financial Setback as Income Plunges by a Staggering -90.8% in Fiscal Time-Frame Ending September 30, 2023

Over the past five days, Parke Bancorp Inc shares have experienced a decline of -0.64%, contributing to a year-to-date performance of -15.55%. Additionally, the shares are currently trading 15.8% above their 52-week low. These figures indicate some market volatility and potential challenges for the company.
For the fiscal period ending September 30, 2023, Parke Bancorp Inc experienced a significant drop in income, decreasing by -90.8% to $0.08 per share compared to $0.87 per share in the previous year. The earnings per share also decreased by -88.06% from $0.67 to $0.08 per share. This decline is notable and could be a cause for concern for investors.

Parke Bancorp Inc

Parke Bancorp Inc's Profits Take a Dive as Revenue Plummets, Outpacing Regional Banks' Growth

Parke Bancorp Inc, a regional bank based in New Jersey, experienced a decline in revenue and bottom-line during the April to June 30, 2023 interval. This decline was significant, with income falling by -23.86% to $0.67 per share and revenue decreasing by -15.766% year on year. Comparatively, revenue in the same interval a year before was $20.14 million, while in 2023 it dropped to $16.96 million.
This decline in top-line performance for Parke Bancorp Inc is in contrast to the remainder of the Regional Banks sector, which posted a revenue gain during the same period. In previous periods, the company also witnessed a decrease in income and revenue. From the preceding times, income faded by -27.17% from $0.92 per share, and revenue fell by -20.477% from $21.33 million.

Parke Bancorp Inc

Parke Bancorp Inc Reports Impressive 11.244% Revenue Increase in Q1 2023

Investors in the stock market will be delighted to know that Parke Bancorp Inc has continued to make steady progress, with positive financial results in its first quarter of 2023. The company achieved a return on average invested assets (ROI) of 2.74%, which, although below its average return on investment of 8.24%, is still a positive achievement.
While ROI did fall compared to the fourth quarter of 2022, the company showed net income growth of 6.47% during the same period. The financial sector includes 103 companies with a higher return on investment than Parke Bancorp Inc, but the company still managed to improve its ranking from 1339 in the fourth quarter of 2022 to 1156 for the first quarter of 2023.






 

Parke Bancorp Inc's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Parke Bancorp Inc does not provide revenue guidance.

Earnings Outlook
Parke Bancorp Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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