Parke Bancorp, Inc. (NASDAQ:PKBK) Director Sells $122,752.12 in Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) Director Jeffrey H. Kripitz sold 6,101 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $20.12, for a total value of $122,752.12. Following the transaction, the director now owns 54,353 shares of the company’s stock, valued at approximately $1,093,582.36. The trade was a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Parke Bancorp Price Performance

Shares of NASDAQ PKBK traded down $0.26 during midday trading on Friday, reaching $19.87. The company’s stock had a trading volume of 4,290 shares, compared to its average volume of 21,649. The business’s 50 day moving average price is $20.82 and its two-hundred day moving average price is $20.77. The company has a market cap of $236.19 million, a P/E ratio of 8.75 and a beta of 0.72. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.27 and a current ratio of 1.27. Parke Bancorp, Inc. has a fifty-two week low of $15.24 and a fifty-two week high of $24.29.

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

Parke Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Friday, January 3rd. Parke Bancorp’s dividend payout ratio (DPR) is presently 31.72%.

Wall Street Analyst Weigh In

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

Institutional Trading of Parke Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PKBK. Charles Schwab Investment Management Inc. lifted its position in shares of Parke Bancorp by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,324 shares of the bank’s stock valued at $622,000 after purchasing an additional 1,574 shares in the last quarter. Rhumbline Advisers lifted its holdings in Parke Bancorp by 5.2% during the 4th quarter. Rhumbline Advisers now owns 15,495 shares of the bank’s stock worth $318,000 after purchasing an additional 767 shares in the last quarter. Empowered Funds LLC grew its stake in Parke Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 47,799 shares of the bank’s stock valued at $980,000 after acquiring an additional 2,333 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Parke Bancorp by 12.9% in the third quarter. JPMorgan Chase & Co. now owns 16,085 shares of the bank’s stock worth $336,000 after buying an additional 1,842 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Parke Bancorp by 306.7% during the third quarter. Barclays PLC now owns 13,575 shares of the bank’s stock worth $284,000 after purchasing an additional 10,237 shares in the last quarter. 49.69% of the stock is owned by institutional investors.

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.