Insider Selling: Parke Bancorp, Inc. (NASDAQ:PKBK) Director Sells 1,000 Shares of Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) Director Jeffrey H. Kripitz sold 1,000 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $20.00, for a total transaction of $20,000.00. Following the transaction, the director now directly owns 52,874 shares of the company’s stock, valued at approximately $1,057,480. This trade represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Parke Bancorp Trading Down 1.6 %

Shares of PKBK stock opened at $19.65 on Thursday. The firm has a market cap of $233.64 million, a PE ratio of 8.66 and a beta of 0.72. Parke Bancorp, Inc. has a 1-year low of $15.24 and a 1-year high of $24.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 1.27. The company has a 50-day moving average of $20.53 and a two-hundred day moving average of $20.78.

Parke Bancorp (NASDAQ:PKBK) last issued its quarterly earnings results on Friday, January 24th. The bank reported $0.61 earnings per share (EPS) for the quarter. Parke Bancorp had a net margin of 21.25% and a return on equity of 9.41%.

Parke Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.72 annualized dividend and a dividend yield of 3.66%. Parke Bancorp’s dividend payout ratio is presently 31.72%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Parke Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, January 27th.

Institutional Trading of Parke Bancorp

Several hedge funds have recently made changes to their positions in PKBK. Squarepoint Ops LLC acquired a new stake in shares of Parke Bancorp during the second quarter worth about $186,000. Private Advisor Group LLC acquired a new stake in Parke Bancorp in the third quarter valued at approximately $211,000. International Assets Investment Management LLC raised its holdings in Parke Bancorp by 1,990.2% in the third quarter. International Assets Investment Management LLC now owns 2,550 shares of the bank’s stock valued at $53,000 after acquiring an additional 2,428 shares in the last quarter. Empowered Funds LLC raised its holdings in Parke Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 45,466 shares of the bank’s stock valued at $950,000 after acquiring an additional 2,278 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Parke Bancorp by 56.3% in the third quarter. BNP Paribas Financial Markets now owns 3,427 shares of the bank’s stock valued at $72,000 after acquiring an additional 1,235 shares in the last quarter. Institutional investors and hedge funds own 49.69% of the company’s stock.

Parke Bancorp Company Profile

Parke Bancorp, Inc operates as the bank holding company for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses. The company offers various deposit products, including checking, savings, time, money market, and individual retirement accounts, as well as certificates of deposit.