Parke Bancorp Remains A Great Prospect

Daniel JonesInvesting Group LeaderFollow5ShareSavePlay(10min)CommentsSummaryParke Bancorp (PKBK) maintains a 'buy' rating due to strong loan and deposit growth, rising profitability, and compelling valuation metrics.PKBK trades at a 7.6x P/E and below book and tangible book value, outperforming peers on return on assets (1.99%) and equity (13.4%).Deposit growth is robust and organic, but uninsured deposits remain elevated at 50.3%, primarily driven by cannabis and municipal clients.Asset quality is solid, though non-performing loans/assets slightly exceed preferred thresholds; ongoing balance sheet improvements support long-term confidence. Richard Drury/DigitalVision via Getty Images Well over a year ago now, in late October of 2024, I made the decision to reaffirm my ‘buy’ rating on Parke Bancorp (PKBK). This decision was after the stock hadThis article was written byDaniel Jones36K FollowersFollowDaniel is an avid and active professional investor. He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. Learn more.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You