A Director at Parke Bancorp is Exercising Options


Today it was reported that a Director at Parke Bancorp (PKBK), Daniel Dalton, exercised options to sell 2,130 PKBK shares at $8.59 a share, for a total transaction value of $41.54K.

In addition to Daniel Dalton, one other PKBK executive reported Sell trades in the last month.

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Based on Parke Bancorp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $18.27 million and quarterly net profit of $6.83 million. In comparison, last year the company earned revenue of $13.64 million and had a net profit of $550K. PKBK’s market cap is $207.3M and the company has a P/E ratio of 8.75. Currently, Parke Bancorp has an average volume of 5,596.

The insider sentiment on Parke Bancorp has been positive according to 16 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

Daniel Dalton’s trades have generated a 3.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Parke Bancorp, Inc. operates as a bank holding company for Parke Bank. Parke Bank is a service commercial bank, which provides personal and business financial services to individuals and small-sized businesses.

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