JPMorgan Chase & Co. Has $778,000 Position in Parke Bancorp, Inc. (NASDAQ:PKBK)

JPMorgan Chase & Co. boosted its position in shares of Parke Bancorp, Inc. (NASDAQ:PKBK - Free Report) by 135.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,926 shares of the bank's stock after buying an additional 21,841 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.32% of Parke Bancorp worth $778,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Parke Bancorp by 0.6% during the third quarter. Geode Capital Management LLC now owns 231,800 shares of the bank's stock valued at $4,845,000 after acquiring an additional 1,447 shares during the period. Empowered Funds LLC boosted its stake in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Parke Bancorp by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,324 shares of the bank's stock worth $622,000 after buying an additional 1,574 shares during the period. Rhumbline Advisers raised its stake in shares of Parke Bancorp by 5.2% during the fourth quarter. Rhumbline Advisers now owns 15,495 shares of the bank's stock worth $318,000 after buying an additional 767 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Parke Bancorp by 6.7% in the third 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 period. 49.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Parke Bancorp Trading Up 2.3 %

NASDAQ PKBK traded up $0.44 on Friday, reaching $19.39. The company had a trading volume of 36,623 shares, compared to its average volume of 25,034. Parke Bancorp, Inc. has a 52 week low of $15.24 and a 52 week high of $24.29. The stock's 50 day moving average is $18.56 and its 200-day moving average is $20.25. 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 stock has a market cap of $229.64 million, a price-to-earnings ratio of 8.54 and a beta of 0.56.

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

Parke Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were given a $0.18 dividend. The ex-dividend date was Friday, April 4th. This represents a $0.72 annualized dividend and a dividend yield of 3.71%. Parke Bancorp's dividend payout ratio is presently 29.88%.

Insider Buying and Selling

In other news, Director Jeffrey H. Kripitz sold 6,101 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 54,353 shares in the company, valued at $1,093,582.36. This represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 7,160 shares of company stock valued at $143,947. 12.89% of the stock is owned by corporate insiders.

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.