Parke Bancorp, Inc. (NASDAQ:PKBK) CEO Vito S. Pantilione purchased 600 shares of the stock in a transaction on Tuesday, January 30th. The stock was acquired at an average cost of $20.16 per share, with a total value of $12,096.00. Following the completion of the purchase, the chief executive officer now directly owns 173,082 shares of the company’s stock, valued at $3,489,333.12. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Parke Bancorp, Inc. (NASDAQ PKBK) opened at $19.65 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $156.51, a price-to-earnings ratio of 13.37 and a beta of 0.20. Parke Bancorp, Inc. has a one year low of $17.88 and a one year high of $23.95.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, January 11th. Parke Bancorp’s dividend payout ratio is presently 40.15%.
A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in Parke Bancorp by 44.0% in the third quarter. Dimensional Fund Advisors LP now owns 25,202 shares of the bank’s stock worth $559,000 after purchasing an additional 7,702 shares during the last quarter. Cutler Capital Management LLC bought a new stake in Parke Bancorp in the third quarter worth $204,000. Wells Fargo & Company MN lifted its stake in Parke Bancorp by 848.9% in the third quarter. Wells Fargo & Company MN now owns 11,510 shares of the bank’s stock worth $256,000 after purchasing an additional 10,297 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Parke Bancorp by 18.5% in the third quarter. Bank of New York Mellon Corp now owns 19,584 shares of the bank’s stock worth $435,000 after purchasing an additional 3,060 shares during the last quarter. Finally, Context BH Capital Management LP lifted its stake in Parke Bancorp by 12.6% in the third quarter. Context BH Capital Management LP now owns 73,032 shares of the bank’s stock worth $1,621,000 after purchasing an additional 8,161 shares during the last quarter. 24.80% of the stock is owned by institutional investors and hedge funds.
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Parke Bancorp Company Profile
Parke Bancorp, Inc is a bank holding company of Parke Bank (the Bank). The Bank is a full commercial service bank, with focus on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Cape May Counties in New Jersey and the Philadelphia area in Pennsylvania.
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