Parke Bancorp, Inc. (NASDAQ:PKBK) Short Interest Update

Parke Bancorp, Inc. (NASDAQ:PKBK) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 64,296 shares, a decline of 23.0% from the December 15th total of 83,544 shares. Based on an average daily volume of 40,677 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 40,677 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Parke Bancorp in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Parke Bancorp presently has a consensus rating of “Buy”.

Insider Transactions at Parke Bancorp

In other Parke Bancorp news, Director Daniel J. Dalton sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $25.12, for a total transaction of $188,400.00. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at approximately $251,200. This trade represents a 42.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizabeth A. Milavsky sold 10,981 shares of Parke Bancorp stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $24.71, for a total transaction of $271,340.51. Following the transaction, the director owned 35,278 shares of the company’s stock, valued at $871,719.38. The trade was a 23.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 15.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Parke Bancorp

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Parke Bancorp by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 558,961 shares of the bank’s stock valued at $12,046,000 after acquiring an additional 4,624 shares during the last quarter. Ategra Capital Management LLC boosted its holdings in Parke Bancorp by 1.8% during the third quarter. Ategra Capital Management LLC now owns 440,327 shares of the bank’s stock worth $9,489,000 after buying an additional 7,627 shares in the last quarter. Fourthstone LLC raised its position in shares of Parke Bancorp by 243.3% during the 2nd quarter. Fourthstone LLC now owns 200,838 shares of the bank’s stock worth $4,091,000 after purchasing an additional 142,334 shares during the last quarter. Militia Capital Partners LP lifted its stake in shares of Parke Bancorp by 0.9% in the third quarter. Militia Capital Partners LP now owns 120,000 shares of the bank’s stock worth $2,586,000 after buying an additional 1,039 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in Parke Bancorp by 2.3% during the third quarter. Bridgeway Capital Management LLC now owns 113,193 shares of the bank’s stock worth $2,439,000 after acquiring an additional 2,534 shares during the last quarter. 49.69% of the stock is owned by institutional investors.

Parke Bancorp Price Performance

Shares of PKBK traded down $0.25 during mid-day trading on Friday, reaching $25.45. The stock had a trading volume of 74,727 shares, compared to its average volume of 53,917. The firm has a market cap of $295.12 million, a price-to-earnings ratio of 8.96 and a beta of 0.51. Parke Bancorp has a 12 month low of $16.94 and a 12 month high of $25.96. The business has a fifty day moving average of $23.95 and a 200 day moving average of $22.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.19 and a current ratio of 1.19.

Parke Bancorp (NASDAQ:PKBK) last released its earnings results on Wednesday, October 22nd. The bank reported $0.89 earnings per share for the quarter. Parke Bancorp had a net margin of 23.95% and a return on equity of 11.07%. The company had revenue of $21.01 million for the quarter.

Parke Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, January 2nd. Parke Bancorp’s dividend payout ratio is 25.35%.

About Parke Bancorp

Parke Bancorp, Inc is the bank holding company for Parke Bank, a community-oriented financial institution headquartered in Kittanning, Pennsylvania. The company delivers a full range of retail and commercial banking services to individuals, small businesses and agricultural clients through a network of branches and ATMs, supported by secure online and mobile banking platforms.

Its product lineup includes deposit accounts—such as checking, savings, money market accounts and certificates of deposit—alongside a variety of lending solutions.