Daniel Dalton Sells 5,000 Shares of Parke Bancorp (NASDAQ:PKBK) Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) Director Daniel Dalton sold 5,000 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $27.57, for a total value of $137,850.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Parke Bancorp Stock Performance

Shares of NASDAQ PKBK opened at $27.31 on Friday. The stock’s fifty day simple moving average is $24.95 and its 200 day simple moving average is $22.76. The stock has a market capitalization of $316.69 million, a price-to-earnings ratio of 8.64 and a beta of 0.51. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. Parke Bancorp, Inc. has a 52-week low of $16.94 and a 52-week high of $28.22.

Parke Bancorp (NASDAQ:PKBK) last announced its earnings results on Thursday, January 22nd. The bank reported $0.93 EPS for the quarter. The business had revenue of $22.74 million during the quarter. Parke Bancorp had a return on equity of 12.16% and a net margin of 25.86%.

Parke Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, January 2nd. Parke Bancorp’s dividend payout ratio (DPR) is presently 22.78%.

Institutional Investors Weigh In On Parke Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its holdings in shares of 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 acquiring an additional 855 shares in the last quarter. BNP Paribas Financial Markets boosted its position in 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 purchasing an additional 999 shares during the last quarter. CWM LLC grew its stake in Parke Bancorp by 251.5% in the third quarter. CWM LLC now owns 3,367 shares of the bank’s stock valued at $73,000 after purchasing an additional 2,409 shares in the last quarter. Byrne Asset Management LLC acquired a new position in Parke Bancorp in the 4th quarter worth about $75,000. Finally, Daytona Street Capital LLC acquired a new position in Parke Bancorp in the 4th quarter worth about $163,000. Hedge funds and other institutional investors own 49.69% of the company’s stock.

Analyst Upgrades and Downgrades

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

Parke Bancorp Company Profile

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.