Parke Bancorp, Inc. (NASDAQ:PKBK) CEO Vito S. Pantilione Purchases 500 Shares

Parke Bancorp, Inc. (NASDAQ:PKBK) CEO Vito S. Pantilione bought 500 shares of the stock in a transaction on Monday, November 4th. The shares were acquired at an average cost of $20.88 per share, with a total value of $10,440.00. Following the acquisition, the chief executive officer now directly owns 218,260 shares in the company, valued at approximately $4,557,268.80. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Parke Bancorp Trading Up 7.2 %

PKBK traded up $1.55 during trading on Wednesday, reaching $23.19. 34,101 shares of the company’s stock were exchanged, compared to its average volume of 22,678. The company’s fifty day moving average price is $20.80 and its 200-day moving average price is $18.49. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.30 and a current ratio of 1.30. Parke Bancorp, Inc. has a fifty-two week low of $15.24 and a fifty-two week high of $23.38. The firm has a market capitalization of $277.82 million, a PE ratio of 9.90 and a beta of 0.69.

Parke Bancorp (NASDAQ:PKBK) last announced its quarterly earnings results on Friday, October 18th. The bank reported $0.62 earnings per share (EPS) for the quarter. Parke Bancorp had a net margin of 22.32% and a return on equity of 9.81%. The company had revenue of $15.62 million during the quarter.

Parke Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, October 4th. Parke Bancorp’s dividend payout ratio (DPR) is 30.90%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Parke Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in shares of Parke Bancorp by 80.1% in the 1st quarter. BNP Paribas Financial Markets now owns 5,195 shares of the bank’s stock valued at $89,000 after buying an additional 2,310 shares during the period. Quadrature Capital Ltd bought a new stake in Parke Bancorp in the 1st quarter valued at $198,000. Bank of New York Mellon Corp lifted its position in Parke Bancorp by 7.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 57,428 shares of the bank’s stock valued at $999,000 after acquiring an additional 4,076 shares in the last quarter. Vanguard Group Inc. lifted its position in Parke Bancorp by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 514,393 shares of the bank’s stock valued at $8,860,000 after acquiring an additional 5,698 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Parke Bancorp in the 2nd quarter valued at $186,000. Institutional investors and hedge funds own 49.69% of the company’s stock.

About Parke Bancorp

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.