120,000 Shares in Parke Bancorp, Inc. $PKBK Purchased by Militia Capital Management LLC

Militia Capital Management LLC bought a new position in shares of Parke Bancorp, Inc. (NASDAQ:PKBK) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 120,000 shares of the bank’s stock, valued at approximately $3,408,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PKBK. Russell Investments Group Ltd. lifted its position in shares of Parke Bancorp by 66.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,147 shares of the bank’s stock valued at $46,000 after acquiring an additional 855 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Parke Bancorp by 44.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,251 shares of the bank’s stock worth $66,000 after acquiring an additional 999 shares during the period. Byrne Asset Management LLC purchased a new position in Parke Bancorp in the 4th quarter valued at approximately $75,000. Daytona Street Capital LLC acquired a new position in Parke Bancorp during the fourth quarter worth $163,000. Finally, Engineers Gate Manager LP purchased a new stake in Parke Bancorp during the fourth quarter worth $204,000. 49.69% of the stock is currently owned by institutional investors and hedge funds.

Parke Bancorp Stock Performance

Shares of PKBK opened at $32.41 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.46. The stock has a market cap of $380.17 million, a P/E ratio of 9.26 and a beta of 0.48. The company has a 50-day moving average of $31.99 and a two-hundred day moving average of $29.46. Parke Bancorp, Inc. has a 12-month low of $19.71 and a 12-month high of $34.47.

Parke Bancorp (NASDAQ:PKBK) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.03 earnings per share (EPS) for the quarter. The company had revenue of $23.89 million for the quarter. Parke Bancorp had a net margin of 28.04% and a return on equity of 13.02%.

Parke Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 3rd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, July 2nd. This is an increase from Parke Bancorp’s previous quarterly dividend of $0.18. Parke Bancorp’s dividend payout ratio is currently 22.86%.

Insider Transactions at Parke Bancorp

In related news, CEO Vito S. Pantilione bought 1,300 shares of the stock in a transaction on Tuesday, April 28th. The shares were purchased at an average price of $30.37 per share, for a total transaction of $39,481.00. Following the acquisition, the chief executive officer owned 237,429 shares in the company, valued at $7,210,718.73. This represents a 0.55% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 12.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Parke Bancorp in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Parke Bancorp currently has a consensus rating of “Buy”.

Parke Bancorp 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.