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

Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) Director Jeffrey H. Kripitz sold 1,000 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $20.00, for a total value of $20,000.00. Following the sale, the director now owns 52,874 shares in the company, valued at $1,057,480. This represents a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Parke Bancorp Trading Up 0.6 %

Shares of PKBK stock traded up $0.11 during trading hours on Thursday, hitting $19.76. 6,486 shares of the company's stock traded hands, compared to its average volume of 25,941. The stock has a market cap of $234.96 million, a PE ratio of 8.76 and a beta of 0.72. The stock's 50 day simple moving average is $20.53 and its 200 day simple moving average is $20.78. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. Parke Bancorp, Inc. has a 12 month low of $15.24 and a 12 month high of $24.29.

Parke Bancorp (NASDAQ:PKBK - Get Free Report) last announced its earnings results on Friday, January 24th. The bank reported $0.61 earnings per share (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 business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Friday, January 3rd. Parke Bancorp's dividend payout ratio is currently 31.72%.

Institutional Trading of Parke Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in shares of Parke Bancorp by 15.6% in the 4th quarter. Wells Fargo & Company MN now owns 9,930 shares of the bank's stock worth $204,000 after purchasing an additional 1,343 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Parke Bancorp during the fourth quarter worth $426,000. JPMorgan Chase & Co. raised its stake in Parke Bancorp by 135.8% during the fourth quarter. JPMorgan Chase & Co. now owns 37,926 shares of the bank's stock worth $778,000 after buying an additional 21,841 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Parke Bancorp by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,324 shares of the bank's stock valued at $622,000 after buying an additional 1,574 shares during the period. Finally, Rhumbline Advisers boosted its position in Parke Bancorp by 5.2% during the fourth quarter. Rhumbline Advisers now owns 15,495 shares of the bank's stock valued at $318,000 after acquiring an additional 767 shares during the last quarter. 49.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Parke Bancorp from a "buy" rating to a "hold" rating in a report on Monday, January 27th.

Parke Bancorp Company 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.