NasdaqCM:PKBK

Stock Analysis Report

Executive Summary

Parke Bancorp, Inc. operates as the bank holding company for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses.


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has Parke Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PKBK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

39.2%

PKBK

9.4%

US Banks

9.9%

US Market


1 Year Return

-21.9%

PKBK

-25.1%

US Banks

-11.9%

US Market

Return vs Industry: PKBK exceeded the US Banks industry which returned -21.9% over the past year.

Return vs Market: PKBK underperformed the US Market which returned -9.1% over the past year.


Shareholder returns

PKBKIndustryMarket
7 Day39.2%9.4%9.9%
30 Day-19.8%-26.0%-15.0%
90 Day-35.2%-38.6%-21.5%
1 Year-19.8%-21.9%-22.9%-25.1%-10.0%-11.9%
3 Year0.08%-7.5%-17.2%-23.3%12.3%5.1%
5 Year99.5%76.5%11.6%-1.1%32.5%18.1%

Price Volatility Vs. Market

How volatile is Parke Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Parke Bancorp undervalued compared to its fair value and its price relative to the market?

49.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PKBK ($15.56) is trading below our estimate of fair value ($30.08)

Significantly Below Fair Value: PKBK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PKBK is good value based on its PE Ratio (6.2x) compared to the Banks industry average (9x).

PE vs Market: PKBK is good value based on its PE Ratio (6.2x) compared to the US market (13.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PKBK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PKBK is overvalued based on its PB Ratio (1x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Parke Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.1%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Parke Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Parke Bancorp performed over the past 5 years?

23.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PKBK has high quality earnings.

Growing Profit Margin: PKBK's current net profit margins (51.4%) are higher than last year (49%).


Past Earnings Growth Analysis

Earnings Trend: PKBK's earnings have grown significantly by 23.7% per year over the past 5 years.

Accelerating Growth: PKBK's earnings growth over the past year (22.3%) is below its 5-year average (23.7% per year).

Earnings vs Industry: PKBK earnings growth over the past year (22.3%) exceeded the Banks industry 11.2%.


Return on Equity

High ROE: PKBK's Return on Equity (16.9%) is considered low.


Next Steps

Financial Health

How is Parke Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: PKBK has a low level of unsold assets or inventory.

Debt Coverage by Assets: PKBK's debt is covered by short term assets (assets are 1.4x debt).


Financial Institutions Analysis

Asset Level: PKBK's level of assets compared to its equity is low.

Allowance for Bad Loans: PKBK has a sufficient allowance for bad loans.

Low Risk Liabilities: PKBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: PKBK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: PKBK's loans are broadly funded by customer deposits.

Level of Bad Loans: PKBK has an appropriate level of bad loans (0.38%)


Next Steps

Dividend

What is Parke Bancorp's current dividend yield, its reliability and sustainability?

3.92%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PKBK's dividend (3.74%) is higher than the bottom 25% of dividend payers in the US market (1.93%).

High Dividend: PKBK's dividend (3.74%) is low compared to the top 25% of dividend payers in the US market (5.33%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, PKBK has been paying a dividend for less than 10 years.

Growing Dividend: PKBK's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.4%), PKBK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.9yrs

Average board tenure


CEO

Vito Pantilione (67yo)

15.17s

Tenure

US$1,543,092

Compensation

Mr. Vito S. Pantilione has been President, Chief Executive Officer and Director of Parke Bancorp, Inc. since formation in 2005. Mr. Pantilione serves as the President and Chief Executive Officer and a Dire ...


CEO Compensation Analysis

Compensation vs Market: Vito's total compensation ($USD1.54M) is about average for companies of similar size in the US market ($USD1.49M).

Compensation vs Earnings: Vito's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Vito Pantilione
President15.17yrsUS$1.54m2.58% $4.5m
Fred Choate
Independent Director15.17yrsUS$73.40k0.018% $31.8k
Jack Sheppard
Independent Director12.92yrsUS$75.05k1.53% $2.7m
Celestino Pennoni
Independent Chairman of the Board15.17yrsUS$241.41k3.03% $5.3m
Jeffrey Kripitz
Independent Director12.92yrsUS$83.68k3.19% $5.6m
Anthony Jannetti
Independent Director12.92yrsUS$65.04k1.7% $3.0m
Edward Infantolino
Independent Director12.92yrsUS$45.10k1.29% $2.3m
Arret Dobson
Independent Director12.92yrsUS$78.31k1.48% $2.6m
Daniel Dalton
Independent Vice Chairman of the Board7.17yrsUS$62.29k1.53% $2.7m
Elizabeth Milavsky
Director0.17yrUS$674.74k0.37% $649.2k

12.9yrs

Average Tenure

68yo

Average Age

Experienced Board: PKBK's board of directors are seasoned and experienced ( 12.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PKBK insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.8%.


Top Shareholders

Company Information

Parke Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Parke Bancorp, Inc.
  • Ticker: PKBK
  • Exchange: NasdaqCM
  • Founded: 1999
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$175.725m
  • Shares outstanding: 11.85m
  • Website: https://www.parkebank.com

Number of Employees


Location

  • Parke Bancorp, Inc.
  • 601 Delsea Drive
  • Washington Township
  • New Jersey
  • 8080
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PKBKNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDNov 2002

Biography

Parke Bancorp, Inc. operates as the bank holding company for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses. The company offers various deposit products, including checking, savings, money market, and individual retirement accounts, as well as certificates of deposit. Its loan portfolio comprises commercial and industrial, construction, commercial and residential real estate mortgage, and consumer loans. In addition, the company provides debit cards, Internet banking, and online bill payment services. It operates through full-service offices in Northfield, New Jersey; Washington Township, Gloucester County, New Jersey; Philadelphia, Pennsylvania; and Galloway Township, New Jersey. Parke Bancorp, Inc. was founded in 1999 and is headquartered in Washington Township, New Jersey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 01:25
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.