Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Parke Bancorp, Inc. before investing.

In this article, we go over a few key elements for understanding Parke Bancorp, Inc.’s stock price such as:

• Parke Bancorp, Inc.’s current stock price and volume
• Why Parke Bancorp, Inc.’s stock price changed recently
• Upgrades and downgrades for PKBK from analysts
• PKBK’s stock price momentum as measured by its relative strength

About Parke Bancorp, Inc. (PKBK)

Before we jump into Parke Bancorp, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Parke Bancorp, Inc. is a bank holding company for Parke Bank (the Bank). The Company, through its wholly owned subsidiary, provides personal and business financial services to individuals and small to mid-sized businesses. It offers a range of loan products, deposits services and other financial products through its retail branches and other channels to its customers. Its lending businesses consist of commercial real estate lending, residential real estate lending and construction lending. It also offers a range of commercial and industry loan, and consumer loan products to its customers. It funds its lending business primarily with deposits generated through retail deposits and commercial relationships. Its deposit products include checking, savings, money market deposits, time deposits and other traditional deposit services. In addition to traditional products and services, it offers contemporary products and services, such as debit cards, Internet banking, and online bill payment.

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Parke Bancorp, Inc.’s Stock Price as of Market Close

As of August 23, 2024, 4:00 PM, CST, Parke Bancorp, Inc.’s stock price was $20.73.

Parke Bancorp, Inc. is up 6.47% from its previous closing price of $19.47.

During the last market session, Parke Bancorp, Inc.’s stock traded between $19.04 and $19.54. Currently, there are 11.96 million shares of Parke Bancorp, Inc. stock available for purchase.

Parke Bancorp, Inc.’s price-earnings (P/E) ratio is currently at 10.8, which is low compared to the Banks industry median of 11.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Parke Bancorp, Inc. Stock Price History

Parke Bancorp, Inc.’s (PKBK) price is currently up 5.98% so far this month.

During the month of August, Parke Bancorp, Inc.’s stock price has reached a high of $20.74 and a low of $17.05.

Over the last year, Parke Bancorp, Inc. has hit prices as high as $20.87 and as low as $15.16. Year to date, Parke Bancorp, Inc.’s stock is down 0.05%.

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What Caused Parke Bancorp, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 22, 2024, there were analysts who downgraded Parke Bancorp, Inc.’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate Parke Bancorp, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Parke Bancorp, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Parke Bancorp, Inc.’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Parke Bancorp, Inc. (PKBK) by visiting AAII Stock Evaluator.

Relative Price Strength of Parke Bancorp, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 22, 2024, Parke Bancorp, Inc. has a weighted four-quarter relative price strength of -0.75%, which translates to a Momentum Score of 65 and is considered to be Strong.

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Parke Bancorp, Inc. Stock Price: Bottom Line

As of August 23, 2024, Parke Bancorp, Inc.’s stock price is $20.73, which is up 6.47% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Parke Bancorp, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.