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

Parke Bancorp, Inc. (NASDAQ:PKBK) CEO Vito S. Pantilione acquired 500 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 218,260 shares in the company, valued at $4,557,268.80. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Parke Bancorp Stock Up 7.2 %

NASDAQ:PKBK traded up $1.55 on Wednesday, hitting $23.19. 34,101 shares of the company’s stock were exchanged, compared to its average volume of 22,678. The firm has a 50-day moving average price of $20.80 and a 200-day moving average price of $18.49. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.30 and a quick ratio of 1.30. Parke Bancorp, Inc. has a 52 week low of $15.24 and a 52 week high of $23.38. The company has a market cap of $277.82 million, a P/E ratio of 9.90 and a beta of 0.69.

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

Parke Bancorp Announces Dividend

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

Institutional Investors Weigh In On Parke Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of PKBK. International Assets Investment Management LLC raised its holdings in shares of Parke Bancorp by 1,990.2% in the 3rd quarter. International Assets Investment Management LLC now owns 2,550 shares of the bank’s stock valued at $53,000 after purchasing an additional 2,428 shares during the period. BNP Paribas Financial Markets grew its stake in 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 last quarter. Squarepoint Ops LLC acquired a new position in Parke Bancorp in the 2nd quarter valued at about $186,000. Quadrature Capital Ltd acquired a new position in Parke Bancorp in the 1st quarter valued at about $198,000. Finally, Private Advisor Group LLC acquired a new position in Parke Bancorp in the 3rd quarter valued at about $211,000. 49.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.