Parke Bancorp, Inc. (NASDAQ:PKBK) insider David O. Middlebrook sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $20.50, for a total value of $61,500.00. Following the sale, the insider now directly owns 18,889 shares of the company’s stock, valued at $387,224.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Parke Bancorp, Inc. (PKBK) traded down $0.10 during mid-day trading on Monday, hitting $20.85. The stock had a trading volume of 14,343 shares, compared to its average volume of 13,492. The company has a market capitalization of $160.73, a price-to-earnings ratio of 17.52 and a beta of 0.18. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.97. Parke Bancorp, Inc. has a 52 week low of $17.88 and a 52 week high of $23.95.
Parke Bancorp (NASDAQ:PKBK) last released its earnings results on Wednesday, January 24th. The bank reported $0.39 earnings per share (EPS) for the quarter. The company had revenue of $11.27 million during the quarter. Parke Bancorp had a return on equity of 13.36% and a net margin of 23.60%.
Hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund bought a new position in shares of Parke Bancorp in the second quarter valued at approximately $137,000. The Manufacturers Life Insurance Company bought a new position in shares of Parke Bancorp in the second quarter valued at approximately $150,000. Strs Ohio grew its holdings in shares of Parke Bancorp by 323.5% in the third quarter. Strs Ohio now owns 7,200 shares of the bank’s stock valued at $159,000 after acquiring an additional 5,500 shares in the last quarter. Cutler Capital Management LLC bought a new position in shares of Parke Bancorp in the third quarter valued at approximately $204,000. Finally, Schwab Charles Investment Management Inc. bought a new position in shares of Parke Bancorp in the second quarter valued at approximately $211,000. 25.82% of the stock is owned by institutional investors.
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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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