Insider Buying: Celestino Pennoni Buys 1,763 Shares of Parke Bancorp Stock (PKBK)
Parke Bancorp (NASDAQ:PKBK) Director Celestino Pennoni acquired 1,763 shares of the stock on the open market in a transaction dated Monday, September 16th. The stock was purchased at an average cost of $8.85 per share, for a total transaction of $15,602.55. Following the completion of the purchase, the director now directly owns 295,003 shares in the company. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Raymond James raised their price target on shares of Parke Bancorp (NASDAQ:PKBK) from $9.00 to $10.00 in a research note to investors on Monday, July 29th. They now have an “outperform” rating on the stock.
Shares of Parke Bancorp (NASDAQ:PKBK) traded down 1.21% on Monday, hitting $8.921. The stock had a trading volume of 9,287 shares. Parke Bancorp has a 52 week low of $4.1727 and a 52 week high of $9.16. The stock has a 50-day moving average of $8.86 and a 200-day moving average of $7.76. The company has a market cap of $53.4 million and a price-to-earnings ratio of 7.89.
Parke Bancorp, Inc is a bank holding company, which operates through its wholly owned subsidiary, Parle Bank (NASDAQ:PKBK).
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