Parke Bancorp, Inc. (PKBK) Director Jack C. Sheppard, Jr. Sells 1,800 Shares
Parke Bancorp, Inc. (NASDAQ:PKBK) Director Jack C. Sheppard, Jr. sold 1,800 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $19.47, for a total transaction of $35,046.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Parke Bancorp, Inc. (PKBK) remained flat at $$19.85 during midday trading on Thursday. The company’s stock had a trading volume of 19,623 shares, compared to its average volume of 16,933. The company has a market cap of $151.14, a PE ratio of 13.30 and a beta of 0.64. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.01. Parke Bancorp, Inc. has a 12 month low of $15.85 and a 12 month high of $23.95.
Parke Bancorp (NASDAQ:PKBK) last issued its quarterly earnings results on Monday, October 23rd. The bank reported $0.42 EPS for the quarter. The company had revenue of $10.71 million during the quarter. Parke Bancorp had a net margin of 30.47% and a return on equity of 13.39%.
The business also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.42%. The ex-dividend date was Thursday, October 12th. Parke Bancorp’s payout ratio is presently 32.41%.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Eagle Global Advisors LLC increased its holdings in Parke Bancorp by 10.0% in the 2nd quarter. Eagle Global Advisors LLC now owns 27,563 shares of the bank’s stock worth $617,000 after acquiring an additional 2,505 shares in the last quarter. Context BH Capital Management LP increased its holdings in Parke Bancorp by 22.6% in the 2nd quarter. Context BH Capital Management LP now owns 64,871 shares of the bank’s stock worth $1,453,000 after acquiring an additional 11,972 shares in the last quarter. Numeric Investors LLC purchased a new stake in Parke Bancorp in the 2nd quarter worth $485,000. State of New Jersey Common Pension Fund D grew its holdings in shares of Parke Bancorp by 10.0% during the second quarter. State of New Jersey Common Pension Fund D now owns 125,665 shares of the bank’s stock worth $2,815,000 after buying an additional 11,424 shares in the last quarter. Finally, Wedbush Securities Inc. grew its holdings in shares of Parke Bancorp by 10.0% during the second quarter. Wedbush Securities Inc. now owns 27,280 shares of the bank’s stock worth $611,000 after buying an additional 2,480 shares in the last quarter. 24.62% of the stock is owned by institutional investors.
About Parke Bancorp
Parke Bancorp, Inc is a bank holding company of Parke Bank (the Bank). The Bank is a full commercial service bank, with focus on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Cape May Counties in New Jersey and the Philadelphia area in Pennsylvania.
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