Parke Bancorp, Inc. (NASDAQ:PKBK) Director Jeffrey H. Kripitz Sells 1,000 Shares

Parke Bancorp, Inc. (NASDAQ:PKBK) Director Jeffrey H. Kripitz sold 1,000 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $20.00, for a total transaction of $20,000.00. Following the completion of the transaction, the director now owns 52,874 shares of the company’s stock, valued at approximately $1,057,480. The trade was a 1.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Parke Bancorp Stock Down 2.3 %

Shares of NASDAQ PKBK opened at $19.48 on Tuesday. The business has a 50-day moving average price of $20.67 and a 200 day moving average price of $20.79. The stock has a market cap of $231.62 million, a PE ratio of 8.58 and a beta of 0.72. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. Parke Bancorp, Inc. has a 52-week low of $15.24 and a 52-week high of $24.29.

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

Parke Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.70%. The ex-dividend date was Friday, January 3rd. Parke Bancorp’s payout ratio is currently 31.72%.

Institutional Investors Weigh In On Parke Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC grew its holdings in shares of Parke Bancorp by 1,990.2% during the third quarter. International Assets Investment Management LLC now owns 2,550 shares of the bank’s stock worth $53,000 after buying an additional 2,428 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Parke Bancorp by 56.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,427 shares of the bank’s stock valued at $72,000 after purchasing an additional 1,235 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Parke Bancorp in the third quarter valued at approximately $211,000. Squarepoint Ops LLC acquired a new position in shares of Parke Bancorp in the second quarter valued at approximately $186,000. Finally, Barclays PLC raised its stake in shares of Parke Bancorp by 306.7% during the third quarter. Barclays PLC now owns 13,575 shares of the bank’s stock worth $284,000 after purchasing an additional 10,237 shares during the last quarter. 49.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.