Parke Bancorp, Inc. (NASDAQ:PKBK) Director Sells $227,700.00 in Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) Director Jeffrey H. Kripitz sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $22.77, for a total value of $227,700.00. Following the sale, the director now owns 73,013 shares in the company, valued at $1,662,506.01. The trade was a 12.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Parke Bancorp Stock Up 2.3 %

PKBK stock opened at $23.55 on Friday. The firm has a market cap of $279.89 million, a price-to-earnings ratio of 10.11 and a beta of 0.69. Parke Bancorp, Inc. has a 1-year low of $15.24 and a 1-year high of $23.55. The firm has a fifty day moving average price of $21.50 and a two-hundred day moving average price of $19.05. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 1.27.

Parke Bancorp (NASDAQ:PKBK) last posted its quarterly earnings results on Friday, October 18th. The bank reported $0.62 EPS for the quarter. The business had revenue of $15.62 million during the quarter. Parke Bancorp had a net margin of 22.32% and a return on equity of 9.75%.

Parke Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Friday, October 4th. Parke Bancorp’s dividend payout ratio (DPR) is presently 30.90%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Parke Bancorp from a “hold” rating to a “buy” rating in a report on Monday, October 21st.

Institutional Trading of Parke Bancorp

Several hedge funds have recently made changes to their positions in the stock. Fulton Bank N.A. grew its stake in Parke Bancorp by 52.1% during the 2nd quarter. Fulton Bank N.A. now owns 73,905 shares of the bank’s stock worth $1,286,000 after buying an additional 25,314 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Parke Bancorp by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 477,549 shares of the bank’s stock valued at $8,309,000 after acquiring an additional 22,374 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Parke Bancorp during the first quarter valued at $198,000. Squarepoint Ops LLC bought a new position in shares of Parke Bancorp during the second quarter worth about $186,000. Finally, Barclays PLC increased its holdings in shares of Parke Bancorp by 306.7% in the 3rd quarter. Barclays PLC now owns 13,575 shares of the bank’s stock worth $284,000 after acquiring an additional 10,237 shares during the period. Institutional investors own 49.69% of the company’s stock.

Parke Bancorp Company Profile

Parke Bancorp, Inc operates as the bank holding company for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses. The company offers various deposit products, including checking, savings, time, money market, and individual retirement accounts, as well as certificates of deposit.