Parke Bancorp, Inc. (NASDAQ:PKBK) Director Jeffrey H. Kripitz Sells 6,101 Shares

Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) Director Jeffrey H. Kripitz sold 6,101 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $20.12, for a total value of $122,752.12. Following the completion of the transaction, the director now directly owns 54,353 shares in the company, valued at $1,093,582.36. The trade was a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Parke Bancorp Price Performance

Shares of Parke Bancorp stock traded up $0.47 during trading hours on Tuesday, hitting $19.95. The company's stock had a trading volume of 8,718 shares, compared to its average volume of 26,546. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.27 and a current ratio of 1.27. Parke Bancorp, Inc. has a 12-month low of $15.24 and a 12-month high of $24.29. The business has a 50 day moving average price of $20.67 and a two-hundred day moving average price of $20.79. The company has a market cap of $237.21 million, a PE ratio of 8.79 and a beta of 0.72.

Parke Bancorp (NASDAQ:PKBK - Get Free Report) last posted its quarterly earnings results on Friday, January 24th. The bank reported $0.61 earnings per share 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 declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 3.61%. Parke Bancorp's dividend payout ratio is currently 31.72%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Parke Bancorp by 1,990.2% during the third quarter. International Assets Investment Management LLC now owns 2,550 shares of the bank's stock valued at $53,000 after buying an additional 2,428 shares during 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 acquiring an additional 1,235 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Parke Bancorp during the 2nd quarter worth approximately $186,000. Private Advisor Group LLC bought a new position in shares of Parke Bancorp during the 3rd quarter valued at approximately $211,000. Finally, Barclays PLC grew its holdings in shares of Parke Bancorp by 306.7% in the third quarter. Barclays PLC now owns 13,575 shares of the bank's stock valued at $284,000 after purchasing an additional 10,237 shares in the last quarter. Hedge funds and other institutional investors own 49.69% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Parke Bancorp from a "buy" rating to a "hold" rating in a research 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.