Parke Bancorp, Inc. (NASDAQ:PKBK) Short Interest Update

Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 52,700 shares, an increase of 21.7% from the March 15th total of 43,300 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 25,500 shares, the short-interest ratio is currently 2.1 days.

Analyst Upgrades and Downgrades

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

Parke Bancorp Price Performance

Parke Bancorp stock traded up $0.17 during midday trading on Thursday, hitting $19.07. The company's stock had a trading volume of 18,145 shares, compared to its average volume of 24,812. Parke Bancorp has a 12 month low of $15.24 and a 12 month high of $24.29. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $225.85 million, a PE ratio of 8.40 and a beta of 0.56. The stock's 50-day moving average price is $18.66 and its 200-day moving average price is $20.32.

Parke Bancorp (NASDAQ:PKBK - Get Free Report) last released its earnings results on Thursday, April 17th. The bank reported $0.65 EPS for the quarter. Parke Bancorp had a net margin of 21.25% and a return on equity of 9.41%. The business had revenue of $17.43 million for the quarter.

Parke Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were given a dividend of $0.18 per share. The ex-dividend date was Friday, April 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.78%. Parke Bancorp's dividend payout ratio (DPR) is presently 29.88%.

Insider Buying and Selling at Parke Bancorp

In other news, Director Jeffrey H. Kripitz sold 6,101 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were 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. This trade represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 7,160 shares of company stock valued at $143,947. Company insiders own 15.33% of the company's stock.

Institutional Investors Weigh In On Parke Bancorp

Several large investors have recently modified their holdings of PKBK. Jane Street Group LLC boosted its position in shares of Parke Bancorp by 6.7% in the 3rd quarter. Jane Street Group LLC now owns 14,037 shares of the bank's stock valued at $293,000 after purchasing an additional 880 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Parke Bancorp by 12.9% in the third quarter. JPMorgan Chase & Co. now owns 16,085 shares of the bank's stock worth $336,000 after buying an additional 1,842 shares during the period. Barclays PLC increased its position in shares of Parke Bancorp by 306.7% in the third quarter. Barclays PLC now owns 13,575 shares of the bank's stock worth $284,000 after acquiring an additional 10,237 shares in the last quarter. Geode Capital Management LLC raised 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 valued at $4,845,000 after acquiring an additional 1,447 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Parke Bancorp by 5.2% in the 4th quarter. Rhumbline Advisers now owns 15,495 shares of the bank's stock valued at $318,000 after acquiring an additional 767 shares in the last quarter. 49.69% of the stock is owned by institutional investors.

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.