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PKBK

Parke BancorpNasdaqCM:PKBK Stock Report

Market Cap

US$247.3m

7D

-2.1%

1Y

30.3%

Updated

07 Dec, 2021

Data

Company Financials
PKBK fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends2/6

PKBK Stock Overview

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.

Parke Bancorp Competitors

Associated Banc-Corp

NYSE:ASB

US$3.3b

Old National Bancorp

NasdaqGS:ONB

US$3.0b

Customers Bancorp

NYSE:CUBI

US$1.8b

Metropolitan Bank Holding

NYSE:MCB

US$1.0b

Price History & Performance

Summary of all time highs, changes and price drops for Parke Bancorp
Historical stock prices
Current Share PriceUS$20.79
52 Week HighUS$23.92
52 Week LowUS$15.04
Beta0.93
1 Month Change-9.73%
3 Month Change-2.17%
1 Year Change30.35%
3 Year Change36.21%
5 Year Change50.80%
Change since IPO656.76%

Recent News & Updates

Sep 28
Parke Bancorp (NASDAQ:PKBK) Has Announced A Dividend Of US$0.16

Parke Bancorp (NASDAQ:PKBK) Has Announced A Dividend Of US$0.16

The board of Parke Bancorp, Inc. ( NASDAQ:PKBK ) has announced that it will pay a dividend on the 20th of October, with...

Sep 04

Parke Bancorp: One Of The Most Efficient Banks You Will Find

The stock has moved sideways as interest rates have fallen. Pays you a 3% dividend yield to wait. Deposit growth and solid loan quality. Return metrics expanded significantly and the efficiency ratio is actually one of the best we have seen in the country. Attractive valuation.

Shareholder Returns

PKBKUS BanksUS Market
7D-2.1%-1.3%-2.6%
1Y30.3%38.4%17.8%

Return vs Industry: PKBK underperformed the US Banks industry which returned 35.5% over the past year.

Return vs Market: PKBK exceeded the US Market which returned 16.5% over the past year.

Price Volatility

Is PKBK's price volatile compared to industry and market?
PKBK volatility
PKBK Average Weekly Movement2.8%
Banks Industry Average Movement3.8%
Market Average Movement6.2%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: PKBK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: PKBK's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199991Vito Pantilionehttps://www.parkebank.com

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.

Parke Bancorp Fundamentals Summary

How do Parke Bancorp's earnings and revenue compare to its market cap?
PKBK fundamental statistics
Market CapUS$247.28m
Earnings (TTM)US$38.79m
Revenue (TTM)US$75.19m

6.4x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PKBK income statement (TTM)
RevenueUS$75.19m
Cost of RevenueUS$0
Gross ProfitUS$75.19m
ExpensesUS$36.40m
EarningsUS$38.79m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.26
Gross Margin100.00%
Net Profit Margin51.59%
Debt/Equity Ratio59.3%

How did PKBK perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

20%

Payout Ratio

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PKBK ($20.79) is trading below our estimate of fair value ($49.28)

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 (6.4x) compared to the US Banks industry average (10.6x).

PE vs Market: PKBK is good value based on its PE Ratio (6.4x) compared to the US market (16.8x).


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's PB Ratio (1.1x) is in line with the US Banks industry average.


Future Growth

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

-0.8%

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.


Past Performance

How has Parke Bancorp performed over the past 5 years?

19.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PKBK has high quality earnings.

Growing Profit Margin: PKBK's current net profit margins (51.6%) are higher than last year (48.6%).


Past Earnings Growth Analysis

Earnings Trend: PKBK's earnings have grown by 19.8% per year over the past 5 years.

Accelerating Growth: PKBK's earnings growth over the past year (39.5%) exceeds its 5-year average (19.8% per year).

Earnings vs Industry: PKBK earnings growth over the past year (39.5%) underperformed the Banks industry 43.1%.


Return on Equity

High ROE: PKBK's Return on Equity (17.3%) is considered low.


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


Financial Institutions Analysis

Asset Level: PKBK's Assets to Equity ratio (9.6x) is low.

Allowance for Bad Loans: PKBK has a sufficient allowance for bad loans (678%).

Low Risk Liabilities: 92% of PKBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: PKBK has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: PKBK's Loans to Deposits ratio (81%) is appropriate.

Level of Bad Loans: PKBK has an appropriate level of bad loans (0.3%).


Dividend

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

3.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PKBK's dividend (3.08%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: PKBK's dividend (3.08%) is low compared to the top 25% of dividend payers in the US market (3.62%).


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 7 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.6%), 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?

9.4yrs

Average management tenure


CEO

Vito Pantilione (69 yo)

16.92yrs

Tenure

US$2,047,971

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 ($USD2.05M) is above average for companies of similar size in the US market ($USD1.16M).

Compensation vs Earnings: Vito's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: PKBK's management team is seasoned and experienced (9.4 years average tenure).


Board Members

Experienced Board: PKBK's board of directors are seasoned and experienced ( 14.7 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Parke Bancorp, Inc.'s 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$247.279m
  • Shares outstanding: 11.89m
  • Website: https://www.parkebank.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/07 00:26
End of Day Share Price2021/12/06 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.