Parke Bancorp (NASDAQ:PKBK) Director Jack Sheppard, Jr. Sells 22,500 Shares

Parke Bancorp, Inc. (NASDAQ:PKBK) Director Jack Sheppard, Jr. sold 22,500 shares of the stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $27.03, for a total transaction of $608,175.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Parke Bancorp Price Performance

Parke Bancorp stock opened at $27.14 on Friday. The company’s 50 day simple moving average is $24.85 and its 200-day simple moving average is $22.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.19 and a current ratio of 1.19. Parke Bancorp, Inc. has a 1 year low of $16.94 and a 1 year high of $28.22. The company has a market capitalization of $314.82 million, a price-to-earnings ratio of 8.59 and a beta of 0.51.

Parke Bancorp (NASDAQ:PKBK) last posted its earnings results on Thursday, January 22nd. The bank reported $0.93 earnings per share for the quarter. The firm had revenue of $22.74 million during the quarter. Parke Bancorp had a net margin of 25.86% and a return on equity of 12.16%.

Parke Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were paid 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 2.7%. Parke Bancorp’s dividend payout ratio is presently 22.78%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in Parke Bancorp by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 558,961 shares of the bank’s stock worth $12,046,000 after purchasing an additional 4,624 shares during the period. Ategra Capital Management LLC increased its stake in shares of Parke Bancorp by 1.8% during the third quarter. Ategra Capital Management LLC now owns 440,327 shares of the bank’s stock worth $9,489,000 after buying an additional 7,627 shares during the period. Fourthstone LLC increased its stake in shares of Parke Bancorp by 243.3% during the second quarter. Fourthstone LLC now owns 200,838 shares of the bank’s stock worth $4,091,000 after buying an additional 142,334 shares during the period. Militia Capital Partners LP raised its holdings in Parke Bancorp by 0.9% in the third quarter. Militia Capital Partners LP now owns 120,000 shares of the bank’s stock valued at $2,586,000 after acquiring an additional 1,039 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in Parke Bancorp by 2.3% in the third quarter. Bridgeway Capital Management LLC now owns 113,193 shares of the bank’s stock worth $2,439,000 after acquiring an additional 2,534 shares during the last quarter. 49.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Parke Bancorp in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Parke Bancorp Company Profile

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.