Dimensional Fund Advisors LP Has $10.72 Million Stock Position in Parke Bancorp, Inc. (NASDAQ:PKBK)

Dimensional Fund Advisors LP boosted its stake in Parke Bancorp, Inc. (NASDAQ:PKBK - Free Report) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 522,646 shares of the bank's stock after acquiring an additional 27,354 shares during the period. Dimensional Fund Advisors LP owned 4.40% of Parke Bancorp worth $10,720,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PKBK. JPMorgan Chase & Co. grew its position in Parke Bancorp by 135.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,926 shares of the bank's stock valued at $778,000 after buying an additional 21,841 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Parke Bancorp in the 4th quarter valued at about $426,000. Marshall Wace LLP bought a new position in shares of Parke Bancorp during the 4th quarter valued at about $364,000. Barclays PLC boosted its position in shares of Parke Bancorp by 306.7% during the 3rd quarter. Barclays PLC now owns 13,575 shares of the bank's stock valued at $284,000 after purchasing an additional 10,237 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Parke Bancorp by 5.1% during 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. 49.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Parke Bancorp Price Performance

Shares of NASDAQ:PKBK traded down $0.05 during trading hours on Wednesday, hitting $20.12. 12,522 shares of the company's stock traded hands, compared to its average volume of 25,030. Parke Bancorp, Inc. has a 52 week low of $15.24 and a 52 week high of $24.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.27 and a current ratio of 1.27. The company's fifty day simple moving average is $18.58 and its two-hundred day simple moving average is $20.18. The company has a market cap of $238.28 million, a price-to-earnings ratio of 8.86 and a beta of 0.57.

Parke Bancorp (NASDAQ:PKBK - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.65 EPS for the quarter. The business had revenue of $17.43 million during the quarter. Parke Bancorp had a net margin of 21.25% and a return on equity of 9.41%.

Parke Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend was Friday, April 4th. Parke Bancorp's dividend payout ratio is 29.88%.

Parke Bancorp 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.