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Parke Bancorp’s COO Makes a Significant Stock Sale

Parke Bancorp’s COO Makes a Significant Stock Sale

New insider activity at Parke Bancorp ( (PKBK) ) has taken place on August 19, 2025.

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COO Ralph Martin Gallo recently sold 1,946 shares of Parke Bancorp stock, generating a total of $42,597 from the transaction.

Recent Updates on PKBK stock

Parke Bancorp recently announced an extension of its stock repurchase program, which was initially set to expire on August 2, 2025. The program, allowing for the repurchase of up to 5% of the company’s outstanding common stock, will now continue until February 2, 2026, unless the threshold is met sooner. This decision reflects the company’s strategy to manage its capital structure and enhance shareholder value. The extension is conducted under SEC regulations and market conditions. Additionally, Spark, TipRanks’ AI Analyst, rates PKBK as ‘Outperform’ due to strong financial performance and attractive valuation, although potential near-term volatility is noted due to overbought indicators. The lack of earnings call data and corporate events does not impact the overall positive assessment.

Spark’s Take on PKBK Stock

According to Spark, TipRanks’ AI Analyst, PKBK is a Outperform.

Parke Bancorp’s overall stock score of 80.8 is primarily driven by strong financial performance and attractive valuation. The company’s robust revenue growth and effective cash flow management position it well in the regional banking sector. While technical analysis shows mixed signals, the valuation offers significant potential for investors. The extension of the stock repurchase program further supports confidence in the company’s future prospects.

To see Spark’s full report on PKBK stock, click here.

More about Parke Bancorp

YTD Price Performance: 6.97%

Average Trading Volume: 22,427

Technical Sentiment Signal: Strong Buy

Current Market Cap: $253.5M

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