M3F Inc. Has $8.98 Million Stock Position in Parke Bancorp, Inc. (NASDAQ:PKBK)

M3F Inc. lessened its holdings in Parke Bancorp, Inc. (NASDAQ:PKBK - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 437,909 shares of the bank's stock after selling 58,578 shares during the period. Parke Bancorp comprises 2.6% of M3F Inc.'s holdings, making the stock its 12th biggest holding. M3F Inc. owned approximately 3.68% of Parke Bancorp worth $8,982,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PKBK. Rhumbline Advisers boosted its position in Parke Bancorp by 5.2% during the 4th quarter. Rhumbline Advisers now owns 15,495 shares of the bank's stock worth $318,000 after buying an additional 767 shares during the period. Jane Street Group LLC raised its stake in shares of Parke Bancorp by 6.7% during the third quarter. Jane Street Group LLC now owns 14,037 shares of the bank's stock valued at $293,000 after acquiring an additional 880 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Parke Bancorp by 15.6% during the fourth quarter. Wells Fargo & Company MN now owns 9,930 shares of the bank's stock valued at $204,000 after acquiring an additional 1,343 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Parke Bancorp by 0.6% during the third quarter. Geode Capital Management LLC now owns 231,800 shares of the bank's stock worth $4,845,000 after purchasing an additional 1,447 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Parke Bancorp by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,324 shares of the bank's stock worth $622,000 after purchasing an additional 1,574 shares during the last quarter. Institutional investors and hedge funds own 49.69% of the company's stock.

Parke Bancorp Trading Down 1.8 %

NASDAQ:PKBK traded down $0.34 on Friday, reaching $18.73. 7,639 shares of the stock traded hands, compared to its average volume of 24,744. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.64. Parke Bancorp, Inc. has a 1-year low of $15.24 and a 1-year high of $24.29. The company's 50 day moving average is $18.66 and its 200-day moving average is $20.32. The firm has a market capitalization of $221.81 million, a price-to-earnings ratio of 8.25 and a beta of 0.56.

Parke Bancorp (NASDAQ:PKBK - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.65 earnings per share for the quarter. The company had revenue of $17.43 million during the quarter. Parke Bancorp had a net margin of 21.25% and a return on equity of 9.41%.

Parke Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Friday, April 4th. Parke Bancorp's dividend payout ratio (DPR) is presently 29.88%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Parke Bancorp from a "hold" rating to a "buy" rating in a report on Monday.

Insider Activity

In related news, Director Jeffrey H. Kripitz sold 6,101 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $20.12, for a total transaction of $122,752.12. Following the transaction, the director now owns 54,353 shares in the company, valued at $1,093,582.36. The trade was a 10.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 7,160 shares of company stock valued at $143,947 in the last ninety days. 15.33% of the stock is owned by company insiders.

Parke Bancorp 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.