Parke Bancorp (NASDAQ:PKBK) Director Daniel Dalton Sells 5,000 Shares

Parke Bancorp, Inc. (NASDAQ:PKBK) Director Daniel Dalton sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $27.57, for a total transaction of $137,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Parke Bancorp Price Performance

PKBK opened at $27.14 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. Parke Bancorp, Inc. has a 52-week low of $16.94 and a 52-week high of $28.22. The company has a 50 day moving average of $24.85 and a two-hundred day moving average of $22.71. The company has a market cap of $314.82 million, a P/E ratio of 8.59 and a beta of 0.51.

Parke Bancorp (NASDAQ:PKBK) last issued its earnings results on Thursday, January 22nd. The bank reported $0.93 EPS for the quarter. The business 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, January 2nd. Parke Bancorp’s payout ratio is currently 22.78%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Parke Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its holdings in Parke Bancorp by 228.3% in the first quarter. Goldman Sachs Group Inc. now owns 105,700 shares of the bank’s stock valued at $1,991,000 after purchasing an additional 73,505 shares during the last quarter. Empowered Funds LLC raised its position in shares of Parke Bancorp by 3.4% in the 1st quarter. Empowered Funds LLC now owns 49,443 shares of the bank’s stock valued at $932,000 after purchasing an additional 1,644 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Parke Bancorp during the 1st quarter valued at approximately $229,000. Empirical Finance LLC grew its position in shares of Parke Bancorp by 58.3% during the second quarter. Empirical Finance LLC now owns 35,407 shares of the bank’s stock worth $721,000 after buying an additional 13,036 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Parke Bancorp by 7.0% in the second quarter. Rhumbline Advisers now owns 15,969 shares of the bank’s stock worth $325,000 after buying an additional 1,051 shares during the last quarter. 49.69% of the stock is owned by hedge funds and other institutional investors.

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.