Parke Bancorp, Inc. (NASDAQ:PKBK) Director Sells $20,000.00 in Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) Director Jeffrey H. Kripitz sold 1,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $20.00, for a total transaction of $20,000.00. Following the transaction, the director now owns 52,874 shares of the company’s stock, valued at approximately $1,057,480. This represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Parke Bancorp Trading Up 0.4 %

Parke Bancorp stock traded up $0.08 during mid-day trading on Monday, hitting $20.02. The stock had a trading volume of 3,129 shares, compared to its average volume of 25,892. The stock has a market capitalization of $238.04 million, a PE ratio of 8.82 and a beta of 0.72. Parke Bancorp, Inc. has a 12 month low of $15.24 and a 12 month high of $24.29. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.64. The stock has a 50-day simple moving average of $20.74 and a two-hundred day simple moving average of $20.79.

Parke Bancorp (NASDAQ:PKBK) last announced its quarterly earnings results on Friday, January 24th. The bank reported $0.61 earnings per share for the quarter. Parke Bancorp had a net margin of 21.25% and a return on equity of 9.41%.

Parke Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.72 annualized dividend and a yield of 3.60%. Parke Bancorp’s dividend payout ratio is currently 31.72%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PKBK. BNP Paribas Financial Markets raised its holdings in Parke Bancorp by 56.3% during the third quarter. BNP Paribas Financial Markets now owns 3,427 shares of the bank’s stock worth $72,000 after acquiring an additional 1,235 shares in the last quarter. Jane Street Group LLC raised its position in Parke Bancorp by 6.7% during the third quarter. Jane Street Group LLC now owns 14,037 shares of the bank’s stock worth $293,000 after acquiring an additional 880 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Parke Bancorp in the third quarter valued at $211,000. JPMorgan Chase & Co. increased its stake in shares of Parke Bancorp by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,085 shares of the bank’s stock worth $336,000 after purchasing an additional 1,842 shares during the last quarter. Finally, Barclays PLC raised 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 valued at $284,000 after purchasing an additional 10,237 shares during the period. 49.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Parke Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, January 27th.

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.