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Parke Bancorp Inc (PKBK) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Parke Bancorp Inc (PKBK) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Parke Bancorp Inc is a bank holding company. It operates as a commercial bank providing personal and financial services to individuals and small to mid-sized businesses in various states of USA. It provides commercial loan products and retail banking. Parke Bancorp Inc has a market cap of $219.690 million; its shares were traded at around $21.13 with a P/E ratio of 9.32 and P/S ratio of 4.58. The dividend yield of Parke Bancorp Inc stocks is 2.51%.


For the last quarter Parke Bancorp Inc reported a revenue of $14.0 million, compared with the revenue of $11.27 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $51.5 million, an increase of 22.6% from last year. For the last five years Parke Bancorp Inc had an average revenue growth rate of 6.4% a year.

The reported diluted earnings per share was $2.28 for the year, an increase of 102.3% from previous year. Over the last five years Parke Bancorp Inc had an EPS growth rate of 14.4% a year. The profitability rank of the company is 1 (out of 10).

At the end of the fiscal year, Parke Bancorp Inc has the cash and cash equivalents of $154.5 million, compared with $14.5 million in the previous year. The long term debt was $118.1 million, compared with $128.1 million in the previous year. Parke Bancorp Inc has a financial strength rank of 4 (out of 10).

At the current stock price of $21.13, Parke Bancorp Inc is traded at 129.7% premium to its historical median P/S valuation band of $9.20. The P/S ratio of the stock is 4.58, while the historical median P/S ratio is 2.00. The stock gained 15.27% during the past 12 months.

For the complete 20-year historical financial data of PKBK, click here.

This article first appeared on GuruFocus.