Citadel Advisors LLC Buys Shares of 30,084 Parke Bancorp, Inc. (NASDAQ:PKBK)

Citadel Advisors LLC acquired a new position in Parke Bancorp, Inc. (NASDAQ:PKBK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 30,084 shares of the bank's stock, valued at approximately $617,000. Citadel Advisors LLC owned 0.25% of Parke Bancorp at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Ategra Capital Management LLC raised its holdings in Parke Bancorp by 52.1% in the fourth quarter. Ategra Capital Management LLC now owns 344,741 shares of the bank's stock worth $7,071,000 after purchasing an additional 118,069 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Parke Bancorp by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 522,646 shares of the bank's stock valued at $10,720,000 after buying an additional 27,354 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Parke Bancorp by 135.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,926 shares of the bank's stock worth $778,000 after buying an additional 21,841 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Parke Bancorp in the 4th quarter worth about $426,000. Finally, Marshall Wace LLP bought a new position in shares of Parke Bancorp in the 4th quarter worth about $364,000. 49.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Parke Bancorp from a "buy" rating to a "hold" rating in a research note on Friday, May 30th.

Parke Bancorp Stock Down 1.0%

Shares of PKBK traded down $0.20 during mid-day trading on Wednesday, reaching $18.94. The company had a trading volume of 26,472 shares, compared to its average volume of 23,670. 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 has a market capitalization of $224.31 million, a price-to-earnings ratio of 8.34 and a beta of 0.58. The firm has a 50-day moving average price of $18.90 and a 200 day moving average price of $19.91. Parke Bancorp, Inc. has a 52 week low of $15.24 and a 52 week high of $24.29.

Parke Bancorp (NASDAQ:PKBK - Get Free Report) last released its 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 for the quarter.

Parke Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Friday, April 4th. Parke Bancorp's dividend payout ratio (DPR) is 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.