Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) CEO Vito Pantilione bought 1,300 shares of the company's stock in a transaction dated Tuesday, April 28th. The stock was bought at an average cost of $30.37 per share, with a total value of $39,481.00. Following the acquisition, the chief executive officer directly owned 237,429 shares of the company's stock, valued at approximately $7,210,718.73. The trade was a 0.55% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Parke Bancorp Stock Up 0.2%
PKBK stock opened at $30.11 on Friday. The stock has a market capitalization of $353.19 million, a P/E ratio of 8.60 and a beta of 0.48. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.44. Parke Bancorp, Inc. has a 12 month low of $18.57 and a 12 month high of $31.45. The firm has a 50-day moving average price of $28.59 and a 200-day moving average price of $25.82.
Parke Bancorp (NASDAQ:PKBK - Get Free Report) last posted its earnings results on Friday, April 17th. The bank reported $0.99 EPS for the quarter. The firm had revenue of $22.99 million during the quarter. Parke Bancorp had a net margin of 28.04% and a return on equity of 13.20%.
Parke Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Friday, April 3rd were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, April 2nd. Parke Bancorp's payout ratio is 20.57%.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a "buy (b)" rating on shares of Parke Bancorp in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy".
View Our Latest Stock Report on PKBK
Institutional Investors Weigh In On Parke Bancorp
A number of institutional investors have recently modified their holdings of the company. Fourthstone LLC boosted its stake in shares of Parke Bancorp by 52.9% in the 4th quarter. Fourthstone LLC now owns 620,899 shares of the bank's stock valued at $15,547,000 after purchasing an additional 214,945 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Parke Bancorp by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 574,041 shares of the bank's stock valued at $14,374,000 after purchasing an additional 15,080 shares during the last quarter. Marex Group plc bought a new stake in shares of Parke Bancorp in the 4th quarter valued at $11,889,000. Ategra Capital Management LLC boosted its stake in shares of Parke Bancorp by 1.8% in the 3rd quarter. Ategra Capital Management LLC now owns 440,327 shares of the bank's stock valued at $9,489,000 after purchasing an additional 7,627 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Parke Bancorp by 2.2% in the 4th quarter. State Street Corp now owns 162,670 shares of the bank's stock valued at $4,073,000 after purchasing an additional 3,444 shares during the last quarter. 49.69% of the stock is owned by institutional investors.
About Parke Bancorp
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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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