Parke Bancorp PKBK
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Undervalued Bank Stocks: Up 9.9% In One Month
By Weiss Ratings : By Gene Kirsch Last month we took a look at 14 undervalued bank stocks that represented good investment value. One month later, the complete basket of 14 bank stocks is up 9.9%. When we identified these bank stocks, 10 of them had hit their 52-week low in the fourth quarter of ...
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Questioning the QE Monetary Transmission Mechanism
Ronald Rutherford submits The Fed’s Quantitative Easing policy (QE) has been blamed for the rise of commodity prices worldwide, the equity market’s take off, worldwide inflation especially in lower income countries, dollar value decline, and rising domestic inflation. Perhaps it will eventually ...
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Dropping Coverage of Parke Bancorp
We are dropping coverage of Parke Bancorp PKBK to focus our resources elsewhere.
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Parke Reports 1Q Profit
Parke Bancorp PKBK reported first-quarter net income of $1.5 million, or $0.34 per share, up from $1.3 million in the year-ago period …
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Parke Bancorp under Review
We are placing Parke Bancorp PKBK under review while we reassess our valuation assumptions.
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Credit Quality Begins to Weaken at Parke
Parke Bancorp PKBK reported net income of $4.25 million, or $1.05 per diluted share, for 2008. As we have long expected, credit quality …
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Parke Reports Solid 3Q
Despite the current turmoil in the banking industry and Parke Bancorp 's PKBK significant exposure to construction loans, the small New Jersey lender turned in another respectable quarter, posting net income …
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Raising Parke's Uncertainty Rating
We are raising our fair value uncertainty rating for Parke Bancorp PKBK to reflect the risk inherent to the company's construction loan portfolio. Although the loans have been performing well, credit …
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Parke Reports 2Q Earnings
Parke Bancorp PKBK reported net earnings of $0.31 per share for the second quarter of 2008, a 13% drop from the comparable period last year …
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Putting Parke under Review
We are putting Parke PKBK under review as we reassess the impact the current credit crunch and deteriorating economy will have on our fair value. We believe another look is necessary, considering recent announcements from its competitors.