Pacific Ridge Capital Partners LLC Trims Holdings in Parke Bancorp, Inc. (PKBK)

Pacific Ridge Capital Partners LLC reduced its holdings in shares of Parke Bancorp, Inc. (NASDAQ:PKBK) by 10.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,421 shares of the bank’s stock after selling 11,043 shares during the period. Pacific Ridge Capital Partners LLC owned about 0.93% of Parke Bancorp worth $2,165,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PKBK. Philadelphia Trust Co. increased its holdings in Parke Bancorp by 136.5% during the second quarter. Philadelphia Trust Co. now owns 165,319 shares of the bank’s stock valued at $3,910,000 after buying an additional 95,429 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Parke Bancorp by 121.1% during the second quarter. Renaissance Technologies LLC now owns 131,268 shares of the bank’s stock valued at $3,104,000 after buying an additional 71,891 shares during the last quarter. BlackRock Inc. increased its holdings in Parke Bancorp by 23.6% during the second quarter. BlackRock Inc. now owns 339,012 shares of the bank’s stock valued at $8,017,000 after buying an additional 64,633 shares during the last quarter. FMR LLC purchased a new stake in Parke Bancorp during the third quarter valued at approximately $1,375,000. Finally, Dimensional Fund Advisors LP increased its holdings in Parke Bancorp by 98.1% during the second quarter. Dimensional Fund Advisors LP now owns 95,701 shares of the bank’s stock valued at $2,263,000 after buying an additional 47,393 shares during the last quarter. 31.75% of the stock is owned by institutional investors and hedge funds.

Shares of PKBK stock opened at $18.38 on Friday. Parke Bancorp, Inc. has a 12 month low of $17.39 and a 12 month high of $24.80. The company has a market cap of $191.93 million, a price-to-earnings ratio of 9.22 and a beta of 0.19. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.18 and a quick ratio of 1.18.

Parke Bancorp (NASDAQ:PKBK) last announced its earnings results on Wednesday, October 24th. The bank reported $0.56 EPS for the quarter. The business had revenue of $13.37 million during the quarter. Parke Bancorp had a net margin of 30.61% and a return on equity of 16.63%.

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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, money market, and individual retirement accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for Parke Bancorp (NASDAQ:PKBK)

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