Dimensional Fund Advisors LP Grows Holdings in Parke Bancorp, Inc. (NASDAQ:PKBK)

Dimensional Fund Advisors LP boosted its holdings in shares of Parke Bancorp, Inc. (NASDAQ:PKBK - Free Report) by 5.5% during the fourth 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 buying an additional 27,354 shares during the period. Dimensional Fund Advisors LP owned about 4.40% of Parke Bancorp worth $10,720,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its holdings in shares of Parke Bancorp by 15.6% during the fourth quarter. Wells Fargo & Company MN now owns 9,930 shares of the bank's stock worth $204,000 after buying an additional 1,343 shares in the last quarter. Barclays PLC raised its position in Parke Bancorp by 306.7% in the 3rd quarter. Barclays PLC now owns 13,575 shares of the bank's stock worth $284,000 after purchasing an additional 10,237 shares during the last quarter. Jane Street Group LLC boosted its position in Parke Bancorp by 6.7% in the 3rd quarter. Jane Street Group LLC now owns 14,037 shares of the bank's stock valued at $293,000 after buying an additional 880 shares during the last quarter. Rhumbline Advisers increased its position in Parke Bancorp by 5.2% in the fourth quarter. Rhumbline Advisers now owns 15,495 shares of the bank's stock worth $318,000 after purchasing an additional 767 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Parke Bancorp by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,085 shares of the bank's stock valued at $336,000 after purchasing an additional 1,842 shares during the period. Institutional investors and hedge funds own 49.69% of the company's stock.

Analyst Ratings Changes

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

Parke Bancorp Stock Performance

PKBK traded up $0.18 during trading on Thursday, hitting $20.30. The stock had a trading volume of 6,295 shares, compared to its average volume of 24,998. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $240.41 million, a price-to-earnings ratio of 8.95 and a beta of 0.57. The company has a 50 day moving average price of $18.61 and a 200-day moving average price of $20.18. Parke Bancorp, Inc. has a one year low of $15.24 and a one year high of $24.29.

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. Parke Bancorp had a return on equity of 9.41% and a net margin of 21.25%. The business had revenue of $17.43 million during the quarter.

Parke Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Friday, April 4th. Parke Bancorp's payout ratio is currently 29.88%.

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.