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

Parke Bancorp, Inc. (NASDAQ:PKBK) CEO Vito S. Pantilione purchased 500 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was bought at an average cost of $20.88 per share, for a total transaction of $10,440.00. Following the purchase, the chief executive officer now owns 218,260 shares in the company, valued at $4,557,268.80. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Parke Bancorp Trading Up 7.4 %

PKBK opened at $23.25 on Thursday. The firm’s fifty day moving average is $20.86 and its two-hundred day moving average is $18.53. The firm has a market cap of $278.47 million, a PE ratio of 9.98 and a beta of 0.69. Parke Bancorp, Inc. has a twelve month low of $15.24 and a twelve month high of $23.44. 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 (NASDAQ:PKBK) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.62 EPS for the quarter. Parke Bancorp had a return on equity of 9.81% and a net margin of 22.32%. The business had revenue of $15.62 million for the quarter.

Parke Bancorp Dividend Announcement

The firm also recently disclosed 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 3.10%. The ex-dividend date was Friday, October 4th. Parke Bancorp’s dividend payout ratio (DPR) is presently 30.90%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Parke Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC raised its holdings in Parke Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 45,466 shares of the bank’s stock worth $950,000 after buying an additional 2,278 shares during the period. International Assets Investment Management LLC increased its position in shares of Parke Bancorp by 1,990.2% during the third quarter. International Assets Investment Management LLC now owns 2,550 shares of the bank’s stock worth $53,000 after acquiring an additional 2,428 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Parke Bancorp during the third quarter worth $211,000. Lakewood Asset Management LLC raised its holdings in shares of Parke Bancorp by 8.2% during the third quarter. Lakewood Asset Management LLC now owns 13,130 shares of the bank’s stock worth $274,000 after acquiring an additional 997 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Parke Bancorp in the 2nd quarter valued at $186,000. 49.69% of the stock is currently owned by institutional investors and hedge funds.

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.