Dimensional Fund Advisors LP Purchases 25,168 Shares of Parke Bancorp, Inc. $PKBK

Dimensional Fund Advisors LP boosted its position in shares of Parke Bancorp, Inc. (NASDAQ:PKBK) by 4.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 599,209 shares of the bank’s stock after purchasing an additional 25,168 shares during the period. Dimensional Fund Advisors LP owned approximately 0.05% of Parke Bancorp worth $17,018,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its holdings in shares of Parke Bancorp by 66.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,147 shares of the bank’s stock worth $46,000 after purchasing an additional 855 shares in the last quarter. BNP Paribas Financial Markets grew its position in Parke Bancorp by 44.4% during the second quarter. BNP Paribas Financial Markets now owns 3,251 shares of the bank’s stock valued at $66,000 after acquiring an additional 999 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of Parke Bancorp during the fourth quarter worth approximately $204,000. Panagora Asset Management Inc. purchased a new position in shares of Parke Bancorp during the fourth quarter worth approximately $221,000. Finally, Invesco Ltd. purchased a new stake in shares of Parke Bancorp in the 4th quarter valued at $247,000. 49.69% of the stock is owned by institutional investors.

Parke Bancorp Stock Up 0.3%

Shares of NASDAQ PKBK opened at $34.40 on Friday. The firm’s fifty day moving average is $32.70 and its 200 day moving average is $30.18. Parke Bancorp, Inc. has a 52 week low of $19.71 and a 52 week high of $34.78. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. The company has a market cap of $404.54 million, a price-to-earnings ratio of 8.96 and a beta of 0.47.

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. Parke Bancorp had a net margin of 29.99% and a return on equity of 14.11%. The business had revenue of $23.89 million for the quarter.

Parke Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 3rd were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, July 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. This is a boost from Parke Bancorp’s previous quarterly dividend of $0.18. Parke Bancorp’s dividend payout ratio (DPR) is presently 20.83%.

Analyst Ratings Changes

Several research firms recently commented on PKBK. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parke Bancorp in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of Parke Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Insider Transactions at Parke Bancorp

In other Parke Bancorp news, CEO Vito S. Pantilione purchased 1,300 shares of the stock in a transaction on Wednesday, July 29th. The stock was acquired at an average price of $33.68 per share, with a total value of $43,784.00. Following the transaction, the chief executive officer directly owned 237,829 shares of the company’s stock, valued at approximately $8,010,080.72. This trade represents a 0.55% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 12.97% of the stock is currently owned by corporate insiders.

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.