Vito S. Pantilione Buys 1,000 Shares of Parke Bancorp, Inc. (NASDAQ:PKBK) Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) CEO Vito S. Pantilione bought 1,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were bought at an average cost of $16.56 per share, with a total value of $16,560.00. Following the completion of the purchase, the chief executive officer now directly owns 216,760 shares in the company, valued at $3,589,545.60. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Parke Bancorp Trading Down 0.1 %

PKBK opened at $16.46 on Friday. Parke Bancorp, Inc. has a 12 month low of $14.86 and a 12 month high of $20.87. The stock has a market capitalization of $196.86 million, a price-to-earnings ratio of 8.53 and a beta of 0.79. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.24 and a quick ratio of 1.24. The business has a fifty day moving average price of $16.66 and a 200 day moving average price of $17.56.

Parke Bancorp (NASDAQ:PKBK) last released its earnings results on Wednesday, January 24th. The bank reported $0.67 EPS for the quarter. The firm had revenue of $17.00 million during the quarter. Parke Bancorp had a return on equity of 10.99% and a net margin of 19.22%.

Parke Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, April 4th. This represents a $0.72 annualized dividend and a dividend yield of 4.37%. Parke Bancorp’s dividend payout ratio is currently 37.31%.

Institutional Trading of Parke Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Brandywine Global Investment Management LLC lifted its holdings in shares of Parke Bancorp by 1.8% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 78,425 shares of the bank’s stock valued at $1,278,000 after purchasing an additional 1,400 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Parke Bancorp by 3.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 67,986 shares of the bank’s stock valued at $1,107,000 after purchasing an additional 2,541 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Parke Bancorp in the 4th quarter valued at about $116,000. New York State Common Retirement Fund lifted its holdings in shares of Parke Bancorp by 430.7% in the 3rd quarter. New York State Common Retirement Fund now owns 6,284 shares of the bank’s stock valued at $102,000 after purchasing an additional 5,100 shares during the last quarter. Finally, Strs Ohio lifted its holdings in shares of Parke Bancorp by 5.3% in the 3rd quarter. Strs Ohio now owns 21,800 shares of the bank’s stock valued at $355,000 after purchasing an additional 1,100 shares during the last quarter. 49.69% of the stock is owned by hedge funds and other institutional investors.

About Parke Bancorp

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.