Parke Bancorp, Inc. (NASDAQ:PKBK) Director Sells $101,700.00 in Stock

Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) Director Jeffrey H. Kripitz sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $16.95, for a total transaction of $101,700.00. Following the completion of the sale, the director now directly owns 87,013 shares of the company's stock, valued at $1,474,870.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Parke Bancorp Price Performance

Shares of NASDAQ PKBK traded down $0.08 during midday trading on Wednesday, reaching $16.87. The company's stock had a trading volume of 47,820 shares, compared to its average volume of 23,838. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average price of $16.70 and a 200 day moving average price of $17.63. Parke Bancorp, Inc. has a one year low of $15.16 and a one year high of $20.87. The company has a market cap of $201.77 million, a price-to-earnings ratio of 8.74 and a beta of 0.78.

Parke Bancorp (NASDAQ:PKBK - Get Free Report) last released its earnings results on Friday, April 19th. The bank reported $0.51 EPS for the quarter. Parke Bancorp had a net margin of 19.22% and a return on equity of 10.91%. The business had revenue of $15.12 million for the quarter.

Parke Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a $0.18 dividend. The ex-dividend date was Thursday, April 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.27%. Parke Bancorp's payout ratio is currently 37.31%.

Institutional Trading of Parke Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its holdings in shares of Parke Bancorp by 1,925.4% during the 4th quarter. International Assets Investment Management LLC now owns 2,471 shares of the bank's stock worth $50,000 after buying an additional 2,349 shares during the period. BNP Paribas Financial Markets raised its stake in Parke Bancorp by 80.1% during the 1st quarter. BNP Paribas Financial Markets now owns 5,195 shares of the bank's stock valued at $89,000 after purchasing an additional 2,310 shares during the last quarter. SG Americas Securities LLC acquired a new position in Parke Bancorp during the 4th quarter valued at $116,000. New York State Common Retirement Fund raised its stake in Parke Bancorp by 430.7% during the 3rd quarter. New York State Common Retirement Fund now owns 6,284 shares of the bank's stock valued at $102,000 after purchasing an additional 5,100 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Parke Bancorp during the 1st quarter valued at $198,000. 49.69% of the stock is currently owned by institutional investors.

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.