Do Traders Think Parke Bancorp, Inc. (PKBK) Can Keep Climbing Thursday?

Parke Bancorp, Inc. (PKBK) stock is higher by 1.98% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Parke Bancorp, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PKBK!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PKBK Stock Today?

Parke Bancorp, Inc. (PKBK) stock is down -0.18% while the S&P 500 is higher by 0.54% as of 1:07 PM on Thursday, Mar 21. PKBK has fallen -$0.03 from the previous closing price of $17.00 on volume of 10,015 shares. Over the past year the S&P 500 is higher by 31.23% while PKBK has fallen -7.12%. PKBK earned $2.35 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.24. To screen for more stocks like Parke Bancorp, Inc. click here.

More About Parke Bancorp, Inc.

Parke Bancorp Inc operates as a commercial bank providing personal and financial services to individuals and small to mid-sized businesses in various states of the USA. The bank offers services such as loan products, deposits services, and other financial products through its retail branches and other channels to its customers. Its lending businesses are commercial real estate lending, residential real estate lending, and construction lending among others. Click Here to get the full Stock Report for Parke Bancorp, Inc. stock.