PKBK - Hold Parke Bancorp: This Small Bank Is Expected To Market Perform
2024-01-24 18:27:41 ET
Summary
- Parke Bancorp, Inc. is a relatively stable bank with moderate yield and strong asset quality.
- Q4 performance showed loan growth relative to last year but a big decline in net interest margin.
- The bank's valuation is fair, with a relatively low price-to-earnings ratio and attractive book value.
One little-known bank that we hold-rated in 2023 is Parke Bancorp, Inc. (PKBK). The stock fell heavily with regional banks, but now has round-tripped over the last year. At this point, we think the bank is performing well. It is a small stable bank with a moderate yield. We continue to rate the stock a hold. The company just reported Q4 earnings , and the key metrics, while mixed in some capacity, suggest it is operating well in this environment....
Hold Parke Bancorp: This Small Bank Is Expected To Market Perform