Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) CEO Vito Pantilione acquired 600 shares of the company's stock in a transaction on Friday, February 27th. The shares were acquired at an average cost of $28.50 per share, for a total transaction of $17,100.00. Following the completion of the acquisition, the chief executive officer owned 17,942 shares of the company's stock, valued at approximately $511,347. The trade was a 3.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Parke Bancorp Price Performance
Shares of NASDAQ:PKBK opened at $28.03 on Tuesday. The firm has a market capitalization of $325.04 million, a PE ratio of 8.87 and a beta of 0.53. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $26.76 and a two-hundred day moving average price of $23.83. Parke Bancorp, Inc. has a twelve month low of $16.94 and a twelve month high of $29.50.
Parke Bancorp (NASDAQ:PKBK - Get Free Report) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $0.93 EPS for the quarter. The company had revenue of $22.74 million for the quarter. Parke Bancorp had a net margin of 25.86% and a return on equity of 12.16%.
Parke Bancorp Announces Dividend
The business also recently announced 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 was Friday, January 2nd. This represents a $0.72 annualized dividend and a dividend yield of 2.6%. Parke Bancorp's dividend payout ratio is currently 22.78%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Invesco Ltd. bought a new position in shares of Parke Bancorp in the fourth quarter worth $247,000. Empowered Funds LLC boosted its stake in Parke Bancorp by 21.9% during the fourth quarter. Empowered Funds LLC now owns 115,728 shares of the bank's stock valued at $2,877,000 after buying an additional 20,756 shares during the period. Engineers Gate Manager LP purchased a new position in Parke Bancorp during the fourth quarter worth about $204,000. Bridgeway Capital Management LLC increased its stake in Parke Bancorp by 5.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 118,949 shares of the bank's stock worth $2,978,000 after acquiring an additional 5,756 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Parke Bancorp by 14.1% in the 4th quarter. AQR Capital Management LLC now owns 42,942 shares of the bank's stock worth $1,075,000 after acquiring an additional 5,316 shares during the last quarter. 49.69% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "buy (b-)" rating on shares of Parke Bancorp in a report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy".
Get Our Latest Analysis on Parke Bancorp
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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