Parke Bancorp (NASDAQ:PKBK) CEO Vito Pantilione Buys 1,000 Shares of Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) CEO Vito Pantilione purchased 1,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were acquired at an average cost of $27.63 per share, for a total transaction of $27,630.00. Following the completion of the purchase, the chief executive officer directly owned 236,129 shares of the company’s stock, valued at approximately $6,524,244.27. This represents a 0.43% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Parke Bancorp Trading Up 0.6%

Shares of PKBK opened at $27.31 on Friday. Parke Bancorp, Inc. has a fifty-two week low of $16.94 and a fifty-two week high of $28.22. The firm has a market cap of $316.69 million, a price-to-earnings ratio of 8.64 and a beta of 0.51. The firm has a 50 day moving average price of $24.95 and a 200-day moving average price of $22.76. 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 Thursday, January 22nd. The bank reported $0.93 EPS for the quarter. The company had revenue of $22.74 million for the quarter. Parke Bancorp had a net margin of 25.86% and a return on equity of 12.16%.

Parke Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were issued a $0.18 dividend. The ex-dividend date was Friday, January 2nd. This represents a $0.72 annualized dividend and a dividend yield of 2.6%. Parke Bancorp’s payout ratio is currently 22.78%.

Analysts Set New Price Targets

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

Institutional Trading of Parke Bancorp

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its position in Parke Bancorp by 66.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,147 shares of the bank’s stock valued at $46,000 after purchasing an additional 855 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Parke Bancorp by 44.4% during the second quarter. BNP Paribas Financial Markets now owns 3,251 shares of the bank’s stock valued at $66,000 after buying an additional 999 shares during the period. Militia Capital Partners LP raised its holdings in shares of Parke Bancorp by 0.8% during the second quarter. Militia Capital Partners LP now owns 118,961 shares of the bank’s stock valued at $2,423,000 after acquiring an additional 1,000 shares in the last quarter. Rhumbline Advisers lifted its stake in Parke Bancorp by 7.0% in the second quarter. Rhumbline Advisers now owns 15,969 shares of the bank’s stock worth $325,000 after acquiring an additional 1,051 shares during the period. Finally, Lakewood Asset Management LLC boosted its holdings in Parke Bancorp by 8.1% in the fourth quarter. Lakewood Asset Management LLC now owns 14,593 shares of the bank’s stock valued at $365,000 after acquiring an additional 1,089 shares in the last quarter. 49.69% of the stock is owned by institutional investors.

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.