Parke Bancorp (NASDAQ:PKBK) CEO Vito Pantilione Purchases 1,300 Shares of Company Stock

Parke Bancorp, Inc. (NASDAQ:PKBK – Get Free Report) CEO Vito Pantilione bought 1,300 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The stock was bought at an average price of $32.86 per share, with a total value of $42,718.00. Following the completion of the transaction, the chief executive officer directly owned 239,629 shares of the company’s stock, valued at $7,874,208.94. This represents a 0.55% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Parke Bancorp Price Performance

PKBK traded down $0.35 during trading on Friday, reaching $32.59. The stock had a trading volume of 19,970 shares, compared to its average volume of 71,916. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.25 and a current ratio of 1.25. The business has a 50-day moving average of $33.43 and a 200-day moving average of $31.06. Parke Bancorp, Inc. has a one year low of $21.10 and a one year high of $35.70. The stock has a market cap of $383.32 million, a PE ratio of 8.23 and a beta of 0.51.

Parke Bancorp (NASDAQ:PKBK – Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The bank reported $1.02 EPS for the quarter. The firm had revenue of $24.00 million for the quarter. Parke Bancorp had a return on equity of 14.13% and a net margin of 30.55%.

Parke Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $0.80 annualized dividend and a yield of 2.5%. Parke Bancorp’s payout ratio is currently 20.15%.

Wall Street Analyst Weigh In

Several analysts have weighed in on PKBK shares. Wall Street Zen upgraded Parke Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, September 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parke Bancorp in a research note on Monday, September 21st. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Check Out Our Latest Stock Report on Parke Bancorp

Institutional Trading of Parke Bancorp

Several large investors have recently bought and sold shares of the company. Legal & General Group Plc purchased a new stake in shares of Parke Bancorp in the 2nd quarter worth about $31,000. Byrne Asset Management LLC boosted its holdings in Parke Bancorp by 14.3% in the second quarter. Byrne Asset Management LLC now owns 3,200 shares of the bank’s stock worth $106,000 after acquiring an additional 400 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Parke Bancorp in the 2nd quarter worth about $221,000. Ieq Capital LLC purchased a new stake in Parke Bancorp during the 2nd quarter valued at about $268,000. Finally, Algert Global LLC increased its stake in Parke Bancorp by 14.4% during the 2nd quarter. Algert Global LLC now owns 8,126 shares of the bank’s stock valued at $269,000 after purchasing an additional 1,020 shares in the last quarter. 49.69% of the stock is owned by institutional investors.

Parke Bancorp Company Profile

(Get Free Report)

Parke Bancorp, Inc is the bank holding company for Parke Bank, a community bank headquartered in Sewell, New Jersey. Through Parke Bank, the company provides banking and financial services to individuals, businesses and organizations in southern New Jersey and the greater Philadelphia area.

Parke Bank’s products and services include checking and savings accounts, certificates of deposit, online and mobile banking, residential mortgages, home equity financing, consumer loans and commercial lending.

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