Parke Bancorp, Inc. (NASDAQ:PKBK) Director Jeffrey H. Kripitz Sells 6,000 Shares

Parke Bancorp, Inc. (NASDAQ:PKBK) Director Jeffrey H. Kripitz sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $16.95, for a total value of $101,700.00. Following the transaction, the director now directly owns 87,013 shares of the company’s stock, valued at approximately $1,474,870.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Parke Bancorp Trading Down 0.5 %

Shares of PKBK stock opened at $16.87 on Thursday. The stock has a 50-day simple moving average of $16.70 and a 200 day simple moving average of $17.63. Parke Bancorp, Inc. has a fifty-two week low of $15.16 and a fifty-two week high of $20.87. The stock has a market capitalization of $201.77 million, a P/E ratio of 8.74 and a beta of 0.78. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.48.

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

Parke Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Parke Bancorp by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 514,393 shares of the bank’s stock valued at $8,860,000 after purchasing an additional 5,698 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in shares of Parke Bancorp by 3.9% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 371,714 shares of the bank’s stock valued at $6,403,000 after purchasing an additional 14,032 shares during the period. Cutler Capital Management LLC boosted its position in shares of Parke Bancorp by 0.4% in the 4th quarter. Cutler Capital Management LLC now owns 307,829 shares of the bank’s stock valued at $6,234,000 after purchasing an additional 1,373 shares during the period. Brandywine Global Investment Management LLC boosted its position in shares of Parke Bancorp by 1.8% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 78,425 shares of the bank’s stock valued at $1,278,000 after purchasing an additional 1,400 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Parke Bancorp by 3.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 67,986 shares of the bank’s stock valued at $1,107,000 after purchasing an additional 2,541 shares during the period. Institutional investors own 49.69% of the company’s stock.

Parke Bancorp Company 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.