Vito S. Pantilione Purchases 600 Shares of Parke Bancorp, Inc. (PKBK) Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) CEO Vito S. Pantilione acquired 600 shares of the stock in a transaction dated Tuesday, January 30th. The stock was bought at an average price of $20.16 per share, for a total transaction of $12,096.00. Following the completion of the purchase, the chief executive officer now owns 173,082 shares in the company, valued at approximately $3,489,333.12. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Parke Bancorp, Inc. (PKBK) traded up $0.05 during mid-day trading on Wednesday, hitting $20.25. The stock had a trading volume of 1,584 shares, compared to its average volume of 14,906. The company has a market cap of $152.67, a price-to-earnings ratio of 13.05 and a beta of 0.59. Parke Bancorp, Inc. has a 52 week low of $17.88 and a 52 week high of $23.95. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.18 and a current ratio of 1.18.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 12th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, January 11th. This represents a $0.48 dividend on an annualized basis and a yield of 2.37%. Parke Bancorp’s dividend payout ratio (DPR) is presently 40.15%.

Separately, ValuEngine lowered Parke Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund acquired a new stake in Parke Bancorp during the 2nd quarter worth $137,000. The Manufacturers Life Insurance Company bought a new stake in shares of Parke Bancorp during the 2nd quarter valued at about $150,000. Strs Ohio boosted its stake in shares of Parke Bancorp by 323.5% during the 3rd quarter. Strs Ohio now owns 7,200 shares of the bank’s stock valued at $159,000 after purchasing an additional 5,500 shares in the last quarter. Cutler Capital Management LLC bought a new stake in shares of Parke Bancorp during the 3rd quarter valued at about $204,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Parke Bancorp during the 2nd quarter valued at about $211,000. Institutional investors and hedge funds own 24.80% of the company’s stock.

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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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