Vito Pantilione Buys 1,300 Shares of Parke Bancorp (NASDAQ:PKBK) Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) CEO Vito Pantilione purchased 1,300 shares of Parke Bancorp stock in a transaction on Tuesday, April 28th. The shares were acquired at an average price of $30.37 per share, with a total value of $39,481.00. Following the transaction, the chief executive officer directly owned 237,429 shares in the company, valued at $7,210,718.73. This trade represents a 0.55% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Parke Bancorp Trading Up 0.8%

Shares of PKBK stock opened at $30.36 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.22 and a current ratio of 1.22. Parke Bancorp, Inc. has a 1 year low of $18.78 and a 1 year high of $31.45. The stock has a fifty day moving average of $28.59 and a two-hundred day moving average of $25.82. The firm has a market capitalization of $356.12 million, a PE ratio of 8.67 and a beta of 0.48.

Parke Bancorp (NASDAQ:PKBK) last announced its quarterly earnings results on Friday, April 17th. The bank reported $0.99 earnings per share (EPS) for the quarter. The company had revenue of $22.99 million during the quarter. Parke Bancorp had a return on equity of 13.20% and a net margin of 28.04%.

Parke Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Friday, April 3rd were issued a $0.18 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $0.72 annualized dividend and a dividend yield of 2.4%. Parke Bancorp’s dividend payout ratio is 20.57%.

Institutional Trading of Parke Bancorp

Several institutional investors have recently modified their holdings of the company. Ritholtz Wealth Management lifted its holdings in shares of Parke Bancorp by 8.9% in the first quarter. Ritholtz Wealth Management now owns 12,586 shares of the bank’s stock valued at $357,000 after buying an additional 1,026 shares during the period. Invesco Ltd. acquired a new stake in shares of Parke Bancorp during the fourth quarter worth $247,000. Empowered Funds LLC lifted its holdings in shares of Parke Bancorp by 21.9% during the fourth quarter. Empowered Funds LLC now owns 115,728 shares of the bank’s stock valued at $2,877,000 after purchasing an additional 20,756 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Parke Bancorp during the fourth quarter valued at $204,000. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of Parke Bancorp by 5.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 118,949 shares of the bank’s stock valued at $2,978,000 after purchasing an additional 5,756 shares during the last quarter. Institutional investors and hedge funds own 49.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Parke Bancorp in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Parke Bancorp Company Profile

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.