Militia Capital Management LLC Invests $3.41 Million in Parke Bancorp, Inc. $PKBK

Militia Capital Management LLC purchased a new position in shares of Parke Bancorp, Inc. (NASDAQ:PKBK) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 120,000 shares of the bank’s stock, valued at approximately $3,408,000. Militia Capital Management LLC owned about 1.02% of Parke Bancorp as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its position in Parke Bancorp by 228.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,700 shares of the bank’s stock worth $1,991,000 after acquiring an additional 73,505 shares during the period. Empowered Funds LLC increased its holdings in shares of Parke Bancorp by 3.4% in the first quarter. Empowered Funds LLC now owns 49,443 shares of the bank’s stock valued at $932,000 after purchasing an additional 1,644 shares during the period. Jane Street Group LLC acquired a new position in shares of Parke Bancorp in the first quarter valued at approximately $229,000. Rhumbline Advisers raised its stake in shares of Parke Bancorp by 7.0% during the second quarter. Rhumbline Advisers now owns 15,969 shares of the bank’s stock worth $325,000 after purchasing an additional 1,051 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Parke Bancorp by 46.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 64,420 shares of the bank’s stock worth $1,312,000 after purchasing an additional 20,347 shares during the last quarter. Institutional investors and hedge funds own 49.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Parke Bancorp in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Insider Activity at Parke Bancorp

In other Parke Bancorp news, CEO Vito S. Pantilione purchased 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were purchased at an average cost of $30.37 per share, for a total transaction of $39,481.00. Following the completion of the purchase, the chief executive officer directly owned 237,429 shares in the company, valued at $7,210,718.73. This represents a 0.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.97% of the stock is owned by corporate insiders.

Parke Bancorp Trading Down 1.0%

Shares of Parke Bancorp stock opened at $32.41 on Thursday. The firm has a market cap of $380.17 million, a price-to-earnings ratio of 9.26 and a beta of 0.48. Parke Bancorp, Inc. has a 52-week low of $19.71 and a 52-week high of $34.47. The company’s 50-day simple moving average is $31.99 and its 200-day simple moving average is $29.46. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.46.

Parke Bancorp (NASDAQ:PKBK) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.03 EPS for the quarter. Parke Bancorp had a net margin of 28.04% and a return on equity of 13.02%. The firm had revenue of $23.89 million during the quarter.

Parke Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 3rd were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $0.80 annualized dividend and a dividend yield of 2.5%. This is an increase from Parke Bancorp’s previous quarterly dividend of $0.18. Parke Bancorp’s payout ratio is 22.86%.

Parke Bancorp 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.