Jeffrey H. Kripitz Sells 1,000 Shares of Parke Bancorp, Inc. (NASDAQ:PKBK) Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) Director Jeffrey H. Kripitz sold 1,000 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $20.00, for a total value of $20,000.00. Following the transaction, the director now directly owns 52,874 shares in the company, valued at $1,057,480. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Parke Bancorp Price Performance

NASDAQ PKBK opened at $19.96 on Wednesday. The business’s fifty day moving average price is $20.60 and its 200-day moving average price is $20.79. The stock has a market capitalization of $237.32 million, a price-to-earnings ratio of 8.79 and a beta of 0.72. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 1.27. Parke Bancorp, Inc. has a 1-year low of $15.24 and a 1-year high of $24.29.

Parke Bancorp (NASDAQ:PKBK) last announced its earnings results on Friday, January 24th. The bank reported $0.61 EPS for the quarter. Parke Bancorp had a return on equity of 9.41% and a net margin of 21.25%.

Parke Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a $0.18 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 3.61%. Parke Bancorp’s payout ratio is presently 31.72%.

Institutional Investors Weigh In On Parke Bancorp

A number of institutional investors have recently bought and sold shares of PKBK. International Assets Investment Management LLC increased its stake 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. BNP Paribas Financial Markets increased its stake in Parke Bancorp by 56.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,427 shares of the bank’s stock worth $72,000 after buying an additional 1,235 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Parke Bancorp in the 2nd quarter worth $186,000. Private Advisor Group LLC purchased a new stake in Parke Bancorp in the 3rd quarter worth $211,000. Finally, Barclays PLC increased its stake in Parke Bancorp by 306.7% in the 3rd quarter. Barclays PLC now owns 13,575 shares of the bank’s stock worth $284,000 after buying an additional 10,237 shares in the last quarter. Hedge funds and other institutional investors own 49.69% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Parke Bancorp from a “buy” rating to a “hold” rating in a report on Monday, January 27th.

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.