Key Points
- CEO insider buy: CEO Vito Pantilione purchased 1,000 shares at $27.63 on Jan. 29 for $27,630, increasing his stake to 236,129 shares (a 0.43% rise) valued at about $6.52M.
- Recent results and valuation: Parke Bancorp reported $0.93 EPS and $22.74M in quarterly revenue with ROE of 12.16% and a net margin of 25.86%, and it trades at a PE of 8.64 (market cap ≈ $317M).
- Dividend and market view: The company pays a $0.18 quarterly dividend (annualized $0.72, 2.6% yield, DPR ~22.8%), has a consensus "Buy" rating, and roughly 49.7% of shares are held by institutions with recent purchases by firms like Goldman Sachs.
Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) CEO Vito Pantilione purchased 1,000 shares of Parke Bancorp stock in a transaction that occurred on Thursday, January 29th. The shares were bought at an average price of $27.63 per share, for a total transaction of $27,630.00. Following the transaction, the chief executive officer directly owned 236,129 shares of the company's stock, valued at $6,524,244.27. This trade represents a 0.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Parke Bancorp Stock Performance
Shares of PKBK opened at $27.31 on Friday. The company has a 50-day simple moving average of $24.95 and a two-hundred day simple moving average of $22.76. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $316.69 million, a PE ratio of 8.64 and a beta of 0.51. Parke Bancorp, Inc. has a one year low of $16.94 and a one year high of $28.22.
Parke Bancorp (NASDAQ:PKBK - Get Free Report) last announced its earnings results on Thursday, January 22nd. The bank reported $0.93 earnings per share (EPS) for the quarter. The firm 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.72 annualized dividend and a yield of 2.6%. Parke Bancorp's dividend payout ratio (DPR) is currently 22.78%.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a "buy (b-)" rating on shares of Parke Bancorp in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy".
Read Our Latest Stock Report on Parke Bancorp
Institutional Trading of Parke Bancorp
A number of institutional investors and hedge funds have recently bought and sold shares of PKBK. Goldman Sachs Group Inc. lifted its stake in shares of Parke Bancorp by 228.3% in the first quarter. Goldman Sachs Group Inc. now owns 105,700 shares of the bank's stock worth $1,991,000 after buying an additional 73,505 shares in the last quarter. Empowered Funds LLC raised its holdings in Parke Bancorp by 3.4% in the 1st quarter. Empowered Funds LLC now owns 49,443 shares of the bank's stock worth $932,000 after acquiring an additional 1,644 shares during the last quarter. Jane Street Group LLC bought a new position in Parke Bancorp in the 1st quarter valued at approximately $229,000. Empirical Finance LLC lifted its position in Parke Bancorp by 58.3% in the 2nd quarter. Empirical Finance LLC now owns 35,407 shares of the bank's stock valued at $721,000 after acquiring an additional 13,036 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Parke Bancorp by 7.0% during the 2nd quarter. Rhumbline Advisers now owns 15,969 shares of the bank's stock valued at $325,000 after purchasing an additional 1,051 shares during the last quarter. 49.69% of the stock is currently owned by institutional investors.
About Parke Bancorp
(
Get Free Report)
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.
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