Vito S. Pantilione Purchases 500 Shares of Parke Bancorp, Inc. (NASDAQ:PKBK) Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) CEO Vito S. Pantilione acquired 500 shares of Parke Bancorp stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $20.88 per share, with a total value of $10,440.00. Following the completion of the purchase, the chief executive officer now owns 218,260 shares in the company, valued at approximately $4,557,268.80. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Parke Bancorp Price Performance

PKBK stock opened at $22.72 on Friday. Parke Bancorp, Inc. has a one year low of $15.24 and a one year high of $23.44. The firm has a 50-day moving average of $20.90 and a two-hundred day moving average of $18.56. The firm has a market capitalization of $272.12 million, a PE ratio of 9.75 and a beta of 0.69. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.75.

Parke Bancorp (NASDAQ:PKBK) last issued its quarterly earnings results on Friday, October 18th. The bank reported $0.62 EPS for the quarter. Parke Bancorp had a net margin of 22.32% and a return on equity of 9.81%. The business had revenue of $15.62 million during the quarter.

Parke Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.72 annualized dividend and a dividend yield of 3.17%. Parke Bancorp’s dividend payout ratio (DPR) is presently 30.90%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PKBK. Empowered Funds LLC boosted its holdings in shares of Parke Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 45,466 shares of the bank’s stock worth $950,000 after purchasing an additional 2,278 shares during the period. International Assets Investment Management LLC lifted its position in Parke Bancorp by 1,990.2% in the 3rd quarter. International Assets Investment Management LLC now owns 2,550 shares of the bank’s stock worth $53,000 after buying an additional 2,428 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Parke Bancorp during the 3rd quarter valued at $211,000. Lakewood Asset Management LLC grew its holdings in shares of Parke Bancorp by 8.2% during the 3rd quarter. Lakewood Asset Management LLC now owns 13,130 shares of the bank’s stock valued at $274,000 after acquiring an additional 997 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Parke Bancorp during the 2nd quarter valued at $186,000. Hedge funds and other institutional investors own 49.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Parke Bancorp from a “hold” rating to a “buy” rating in a report on Monday, October 21st.

About Parke Bancorp

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.