SG Americas Securities LLC Acquires New Stake in Parke Bancorp, Inc. (NASDAQ:PKBK)

SG Americas Securities LLC acquired a new stake in shares of Parke Bancorp, Inc. (NASDAQ:PKBK) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,706 shares of the bank’s stock, valued at approximately $116,000.

Several other hedge funds have also recently added to or reduced their stakes in PKBK. JPMorgan Chase & Co. grew its position in Parke Bancorp by 38,091.7% in the first quarter. JPMorgan Chase & Co. now owns 4,583 shares of the bank’s stock worth $108,000 after buying an additional 4,571 shares during the last quarter. Bank of New York Mellon Corp grew its position in Parke Bancorp by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 34,189 shares of the bank’s stock worth $808,000 after buying an additional 884 shares during the last quarter. American Century Companies Inc. grew its position in Parke Bancorp by 27.1% in the first quarter. American Century Companies Inc. now owns 44,906 shares of the bank’s stock worth $1,060,000 after buying an additional 9,581 shares during the last quarter. Citigroup Inc. acquired a new position in Parke Bancorp in the first quarter worth approximately $128,000. Finally, Dimensional Fund Advisors LP grew its position in Parke Bancorp by 5.0% in the first quarter. Dimensional Fund Advisors LP now owns 284,378 shares of the bank’s stock worth $6,714,000 after buying an additional 13,547 shares during the last quarter. Institutional investors and hedge funds own 49.69% of the company’s stock.

Parke Bancorp Trading Up 0.4 %

Parke Bancorp stock opened at $16.25 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $194.35 million, a price-to-earnings ratio of 6.94 and a beta of 0.79. Parke Bancorp, Inc. has a 1 year low of $14.86 and a 1 year high of $20.87. The firm’s 50 day moving average price is $16.68 and its two-hundred day moving average price is $17.55.

Parke Bancorp (NASDAQ:PKBK) last posted its quarterly earnings data on Wednesday, January 24th. The bank reported $0.67 earnings per share for the quarter. The firm had revenue of $17.00 million for the quarter. Parke Bancorp had a net margin of 23.84% and a return on equity of 12.85%.

Parke Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Thursday, April 4th. Parke Bancorp’s dividend payout ratio (DPR) is currently 30.77%.

Insider Activity at Parke Bancorp

In related news, Director Jeffrey H. Kripitz sold 8,000 shares of Parke Bancorp stock in a transaction on Monday, January 29th. The shares were sold at an average price of $19.31, for a total value of $154,480.00. Following the completion of the sale, the director now owns 105,013 shares of the company’s stock, valued at approximately $2,027,801.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Jeffrey H. Kripitz sold 6,000 shares of Parke Bancorp stock in a transaction on Monday, February 26th. The shares were sold at an average price of $16.50, for a total value of $99,000.00. Following the completion of the sale, the director now owns 95,385 shares of the company’s stock, valued at approximately $1,573,852.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey H. Kripitz sold 8,000 shares of Parke Bancorp stock in a transaction on Monday, January 29th. The shares were sold at an average price of $19.31, for a total transaction of $154,480.00. Following the completion of the sale, the director now directly owns 105,013 shares of the company’s stock, valued at approximately $2,027,801.03. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 2,030 shares of company stock valued at $34,420 and sold 20,128 shares valued at $355,480. 15.33% of the stock is owned by company insiders.

Parke Bancorp Profile

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.