Marshall Wace LLP Purchases Shares of 17,747 Parke Bancorp, Inc. (NASDAQ:PKBK)

Marshall Wace LLP acquired a new stake in Parke Bancorp, Inc. (NASDAQ:PKBK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,747 shares of the bank's stock, valued at approximately $364,000. Marshall Wace LLP owned 0.15% of Parke Bancorp at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN grew 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 purchasing an additional 1,343 shares in the last quarter. Barclays PLC grew its position in Parke Bancorp by 306.7% in the third quarter. Barclays PLC now owns 13,575 shares of the bank's stock worth $284,000 after acquiring an additional 10,237 shares in the last quarter. Jane Street Group LLC raised its position in Parke Bancorp by 6.7% during the third quarter. Jane Street Group LLC now owns 14,037 shares of the bank's stock valued at $293,000 after purchasing an additional 880 shares in the last quarter. Rhumbline Advisers lifted its stake in 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 purchasing an additional 767 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Parke Bancorp by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,085 shares of the bank's stock worth $336,000 after purchasing an additional 1,842 shares in the last quarter. 49.69% of the stock is currently owned by hedge funds and other institutional investors.

Parke Bancorp Stock Down 1.6 %

Shares of NASDAQ PKBK traded down $0.32 on Friday, reaching $19.34. 1,040 shares of the company's stock traded hands, compared to its average volume of 24,890. 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 business's 50 day simple moving average is $18.53 and its two-hundred day simple moving average is $20.20. Parke Bancorp, Inc. has a 12 month low of $15.24 and a 12 month high of $24.29. The company has a market cap of $229.04 million, a price-to-earnings ratio of 8.52 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 return on equity of 9.41% and a net margin of 21.25%. The company had revenue of $17.43 million during the quarter.

Parke Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were paid 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 dividend payout ratio is currently 29.88%.

Analyst Ratings Changes

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

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.