Parke Bancorp, Inc. (NASDAQ:PKBK) Director Jeffrey H. Kripitz sold 2,463 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $20.90, for a total transaction of $51,476.70. Following the completion of the transaction, the director now directly owns 197,486 shares of the company’s stock, valued at $4,127,457.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Parke Bancorp, Inc. (NASDAQ PKBK) opened at $20.70 on Wednesday. Parke Bancorp, Inc. has a 1 year low of $17.88 and a 1 year high of $23.95. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $160.73, a P/E ratio of 17.32 and a beta of 0.18.
Parke Bancorp (NASDAQ:PKBK) last issued its quarterly earnings results on Wednesday, January 24th. The bank reported $0.39 EPS for the quarter. The business had revenue of $11.27 million for the quarter.
Several large investors have recently modified their holdings of the company. Deutsche Bank AG grew its position in shares of Parke Bancorp by 5.9% during the 4th quarter. Deutsche Bank AG now owns 44,561 shares of the bank’s stock worth $914,000 after buying an additional 2,468 shares during the period. Context BH Capital Management LP grew its position in shares of Parke Bancorp by 24.9% during the 4th quarter. Context BH Capital Management LP now owns 91,203 shares of the bank’s stock worth $1,874,000 after buying an additional 18,171 shares during the period. AXA grew its position in shares of Parke Bancorp by 15.2% during the 4th quarter. AXA now owns 32,508 shares of the bank’s stock worth $668,000 after buying an additional 4,280 shares during the period. Pacific Ridge Capital Partners LLC grew its position in shares of Parke Bancorp by 127.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 71,320 shares of the bank’s stock worth $1,466,000 after buying an additional 39,923 shares during the period. Finally, BlackRock Inc. grew its position in shares of Parke Bancorp by 1.6% during the 4th quarter. BlackRock Inc. now owns 275,207 shares of the bank’s stock worth $5,655,000 after buying an additional 4,293 shares during the period. Institutional investors own 25.82% of the company’s stock.
Separately, ValuEngine cut shares of Parke Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
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Parke Bancorp Company Profile
Parke Bancorp, Inc is a bank holding company of Parke Bank (the Bank). The Bank is a full commercial service bank, with focus on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Cape May Counties in New Jersey and the Philadelphia area in Pennsylvania.
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