The company reports a significant amount of sales growth of 10% y/y. Last year, annual sales were equal to $66. 828 million.
With an assets to liabilities ratio of more than 1x, PKBK’s balance sheet looks stable. In Q4, the total amount of assets was equal to $2075 million, with total liabilities of $1873 million. PKBK shows $458 million in cash and cash equivalents. In my experience, the company has a good amount of cash to conduct additional R&D and increase its marketing efforts. Moreover, Parke Bancorp Inc has positive working capital, which investors will like. It means that PKBK can cover its short-term liabilities when they come due.
PKBK’s short term debt is less significant than the company’s cash and cash equivalents. As for me, I think that Parke Bancorp Inc may not have to worry about any liquidity risk. Additionally, the price to book value is below 1. 5x, which means that PKBK is undervalued. Parke Bancorp Inc has $2075 million in total assets, and $1873 million in total liabilities. In my experience, PKBK is cheap.
Quarterly Results For The Quarter Ended 2020-12-31
In Q4 PKBK reported quarterly sales of $18 million. PKBK also showed positive net income of $8. 132 million. As for me, I think that the company’s performance is good.
Parke Bancorp Inc has a market capitalization of $240 million. The enterprise value is equal to $13 million. I feel that traders will most likely believe that Parke Bancorp Inc is cheap. Institutional investors SCHRODER INVESTMENT MANAGEMENT GROUP, ROYAL BANK OF CANADA, and Tower Research Capital LLC (TRC) are Parke Bancorp Inc investors.
Parke Bancorp, Inc. operates as a bank holding company for Parke Bank. The company is headquartered in Sewell, New Jersey.
The following PKBK’s insiders acquired or sold equity recently.PKBK’s traders will most likely study this information:
+In 2021-03-15, director INFANTOLINO EDWARD sold equity of PKBK.
+In 2021-02-26, director DALTON DANIEL J sold stock of PKBK.
+In 2021-02-26, director DALTON DANIEL J sold equity of PKBK.
If you see an error, please contact the editor. We don’t own PKBK’s shares, and this is our opinion. We do not offer a recommendation to buy or sell any stock.