Parke Bancorp, Inc. (NASDAQ:PKBK) Shares Purchased by Ategra Capital Management LLC

Ategra Capital Management LLC grew its stake in shares of Parke Bancorp, Inc. (NASDAQ:PKBK - Free Report) by 52.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 344,741 shares of the bank's stock after acquiring an additional 118,069 shares during the quarter. Parke Bancorp comprises about 4.7% of Ategra Capital Management LLC's holdings, making the stock its 11th largest position. Ategra Capital Management LLC owned 2.90% of Parke Bancorp worth $7,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in Parke Bancorp by 5.5% during 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 during the period. Geode Capital Management LLC boosted its position in Parke Bancorp by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 231,800 shares of the bank's stock worth $4,845,000 after purchasing an additional 1,447 shares during the period. Empowered Funds LLC increased its holdings in Parke Bancorp by 5.1% in the 4th quarter. Empowered Funds LLC now owns 47,799 shares of the bank's stock valued at $980,000 after purchasing an additional 2,333 shares in the last quarter. JPMorgan Chase & Co. raised its position in Parke Bancorp by 135.8% in the fourth quarter. JPMorgan Chase & Co. now owns 37,926 shares of the bank's stock valued at $778,000 after purchasing an additional 21,841 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Parke Bancorp by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,324 shares of the bank's stock worth $622,000 after purchasing an additional 1,574 shares in the last quarter. 49.69% of the stock is currently owned by hedge funds and other institutional investors.

Parke Bancorp Stock Up 0.4 %

Shares of PKBK traded up $0.07 during mid-day trading on Tuesday, reaching $19.37. 15,842 shares of the stock traded hands, compared to its average volume of 24,997. The stock has a fifty day simple moving average of $18.55 and a 200 day simple moving average of $20.22. Parke Bancorp, Inc. 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 firm has a market cap of $229.40 million, a price-to-earnings ratio of 8.53 and a beta of 0.57.

Parke Bancorp (NASDAQ:PKBK - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $17.43 million for the quarter.

Parke Bancorp Announces Dividend

The business also recently declared 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, April 4th. Parke Bancorp's payout ratio is currently 29.88%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, Director Jeffrey H. Kripitz sold 6,101 shares of the business's stock in a transaction dated 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 sale, the director now owns 54,353 shares of the company's stock, valued at approximately $1,093,582.36. The trade was a 10.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 15.33% of the company's stock.

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.