Jack Sheppard, Jr. Sells 22,500 Shares of Parke Bancorp (NASDAQ:PKBK) Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) Director Jack Sheppard, Jr. sold 22,500 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $27.03, for a total transaction of $608,175.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Parke Bancorp Stock Performance

Shares of PKBK opened at $27.31 on Friday. The business has a fifty day moving average of $24.95 and a 200 day moving average of $22.76. The firm has a market capitalization of $316.69 million, a P/E ratio of 8.64 and a beta of 0.51. Parke Bancorp, Inc. has a one year low of $16.94 and a one year high of $28.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 1.19.

Parke Bancorp (NASDAQ:PKBK) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $0.93 earnings per share for the quarter. Parke Bancorp had a net margin of 25.86% and a return on equity of 12.16%. The firm had revenue of $22.74 million for the quarter.

Parke Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were given a $0.18 dividend. The ex-dividend date was Friday, January 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 2.6%. Parke Bancorp’s dividend payout ratio is presently 22.78%.

Institutional Investors Weigh In On Parke Bancorp

Several large investors have recently added to or reduced their stakes in the stock. Empirical Finance LLC increased its position in shares of Parke Bancorp by 58.3% during the 2nd quarter. Empirical Finance LLC now owns 35,407 shares of the bank’s stock valued at $721,000 after purchasing an additional 13,036 shares during the last quarter. Fourthstone LLC grew its holdings in shares of Parke Bancorp by 243.3% in the second quarter. Fourthstone LLC now owns 200,838 shares of the bank’s stock worth $4,091,000 after purchasing an additional 142,334 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Parke Bancorp by 46.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 64,420 shares of the bank’s stock valued at $1,312,000 after acquiring an additional 20,347 shares in the last quarter. Rhumbline Advisers raised its position in Parke Bancorp by 7.0% during the 2nd quarter. Rhumbline Advisers now owns 15,969 shares of the bank’s stock valued at $325,000 after purchasing an additional 1,051 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Parke Bancorp in the first quarter valued at about $229,000. 49.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Parke Bancorp in a research note on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

About Parke Bancorp

Parke Bancorp, Inc is the bank holding company for Parke Bank, a community-oriented financial institution headquartered in Kittanning, Pennsylvania. The company delivers a full range of retail and commercial banking services to individuals, small businesses and agricultural clients through a network of branches and ATMs, supported by secure online and mobile banking platforms.

Its product lineup includes deposit accounts—such as checking, savings, money market accounts and certificates of deposit—alongside a variety of lending solutions.