Ategra Capital Management LLC Acquires 118,069 Shares of Parke Bancorp, Inc. (NASDAQ:PKBK)

Ategra Capital Management LLC raised its holdings in Parke Bancorp, Inc. (NASDAQ:PKBK - Free Report) by 52.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 344,741 shares of the bank's stock after purchasing an additional 118,069 shares during the period. Parke Bancorp makes up about 4.7% of Ategra Capital Management LLC's portfolio, making the stock its 11th largest holding. Ategra Capital Management LLC owned approximately 2.90% of Parke Bancorp worth $7,071,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Parke Bancorp by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 522,646 shares of the bank's stock worth $10,720,000 after buying an additional 27,354 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Parke Bancorp by 135.8% during the fourth quarter. JPMorgan Chase & Co. now owns 37,926 shares of the bank's stock valued at $778,000 after acquiring an additional 21,841 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Parke Bancorp during the 4th quarter valued at $426,000. Marshall Wace LLP bought a new position in Parke Bancorp in the 4th quarter worth $364,000. Finally, Barclays PLC boosted its stake 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 during the period. 49.69% of the stock is owned by institutional investors and hedge funds.

Parke Bancorp Price Performance

PKBK traded up $0.70 on Thursday, hitting $19.85. 5,514 shares of the company's stock were exchanged, compared to its average volume of 24,974. The firm has a 50-day moving average price of $18.53 and a 200-day moving average price of $20.21. Parke Bancorp, Inc. has a fifty-two week low of $15.24 and a fifty-two week high of $24.29. The stock has a market cap of $235.02 million, a price-to-earnings ratio of 8.74 and a beta of 0.57. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.64.

Parke Bancorp (NASDAQ:PKBK - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter. Parke Bancorp had a return on equity of 9.41% and a net margin of 21.25%. The firm 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. Shareholders of record on Friday, April 4th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.63%. The ex-dividend date was Friday, April 4th. Parke Bancorp's dividend payout ratio (DPR) is presently 29.88%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Parke Bancorp from a "hold" rating to a "buy" rating in a research note on Monday, April 21st.

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.