Militia Capital Management LLC Buys New Stake in Parke Bancorp, Inc. $PKBK

Militia Capital Management LLC purchased a new position in Parke Bancorp, Inc. (NASDAQ:PKBK) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 120,000 shares of the bank’s stock, valued at approximately $3,408,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings 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 buying an additional 855 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Parke Bancorp by 44.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,251 shares of the bank’s stock worth $66,000 after acquiring an additional 999 shares in the last quarter. Daytona Street Capital LLC bought a new position in shares of Parke Bancorp during the 4th quarter valued at approximately $163,000. Engineers Gate Manager LP purchased a new position in shares of Parke Bancorp in the fourth quarter valued at $204,000. Finally, Panagora Asset Management Inc. purchased a new position in shares of Parke Bancorp in the fourth quarter valued at $221,000. Institutional investors own 49.69% of the company’s stock.

Analyst Ratings Changes

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

Parke Bancorp Stock Performance

Shares of NASDAQ PKBK opened at $34.15 on Monday. Parke Bancorp, Inc. has a 1-year low of $19.71 and a 1-year high of $34.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 1.25. The business’s 50 day moving average is $32.40 and its two-hundred day moving average is $29.89. The stock has a market capitalization of $400.61 million, a P/E ratio of 8.89 and a beta of 0.48.

Parke Bancorp (NASDAQ:PKBK) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.03 earnings per share (EPS) for the quarter. The business had revenue of $23.89 million during the quarter. Parke Bancorp had a return on equity of 14.11% and a net margin of 29.99%.

Parke Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 3rd were given a $0.20 dividend. This is a boost from Parke Bancorp’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, July 2nd. Parke Bancorp’s dividend payout ratio is 20.83%.

Insider Buying and Selling

In other news, CEO Vito S. Pantilione acquired 1,300 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was bought at an average cost of $33.68 per share, with a total value of $43,784.00. Following the completion of the purchase, the chief executive officer directly owned 237,829 shares of the company’s stock, valued at $8,010,080.72. This represents a 0.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 12.97% of the stock is owned by insiders.

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.