Parke Bancorp, Inc. (NASDAQ:PKBK) CEO Vito S. Pantilione Purchases 1,000 Shares of Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) CEO Vito S. Pantilione bought 1,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were bought at an average cost of $16.56 per share, for a total transaction of $16,560.00. Following the transaction, the chief executive officer now owns 216,760 shares in the company, valued at approximately $3,589,545.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Parke Bancorp Stock Performance

NASDAQ PKBK opened at $16.46 on Friday. The company has a market cap of $196.86 million, a P/E ratio of 8.53 and a beta of 0.79. 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 business’s 50 day moving average price is $16.66 and its 200-day moving average price is $17.56. Parke Bancorp, Inc. has a fifty-two week low of $14.86 and a fifty-two week high of $20.87.

Parke Bancorp (NASDAQ:PKBK) last announced its quarterly earnings data on Wednesday, January 24th. The bank reported $0.67 EPS for the quarter. The company had revenue of $17.00 million for the quarter. Parke Bancorp had a return on equity of 10.99% and a net margin of 19.22%.

Parke Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.37%. The ex-dividend date was Thursday, April 4th. Parke Bancorp’s dividend payout ratio (DPR) is presently 37.31%.

Hedge Funds Weigh In On Parke Bancorp

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC grew its position in Parke Bancorp by 1,925.4% in the 4th quarter. International Assets Investment Management LLC now owns 2,471 shares of the bank’s stock valued at $50,000 after acquiring an additional 2,349 shares during the last quarter. SG Americas Securities LLC bought a new position in Parke Bancorp in the 4th quarter valued at $116,000. New York State Common Retirement Fund grew its position in shares of Parke Bancorp by 430.7% during the 3rd quarter. New York State Common Retirement Fund now owns 6,284 shares of the bank’s stock worth $102,000 after buying an additional 5,100 shares in the last quarter. Strs Ohio grew its position in shares of Parke Bancorp by 5.3% during the 3rd quarter. Strs Ohio now owns 21,800 shares of the bank’s stock worth $355,000 after buying an additional 1,100 shares in the last quarter. Finally, Fulton Bank N.A. bought a new position in shares of Parke Bancorp during the 1st quarter worth $837,000. Institutional investors own 49.69% of the company’s stock.

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.