Parke Bancorp, Inc. (NASDAQ:PKBK) Short Interest Update

Parke Bancorp, Inc. (NASDAQ:PKBK) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 94,352 shares, an increase of 46.7% from the December 31st total of 64,296 shares. Based on an average daily volume of 76,169 shares, the short-interest ratio is presently 1.2 days. Approximately 0.9% of the shares of the stock are short sold. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 76,169 shares, the short-interest ratio is presently 1.2 days.

Parke Bancorp Stock Performance

Shares of PKBK stock opened at $27.31 on Friday. The company’s fifty day moving average price is $24.95 and its 200-day moving average price is $22.77. The stock has a market cap of $316.80 million, a PE ratio of 8.64 and a beta of 0.51. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.27. Parke Bancorp has a 12 month low of $16.94 and a 12 month high of $28.22.

Parke Bancorp (NASDAQ:PKBK) last posted its quarterly earnings results on Thursday, January 22nd. The bank reported $0.93 earnings per share for the quarter. Parke Bancorp had a return on equity of 12.16% and a net margin of 25.86%.The company had revenue of $22.74 million for the quarter.

Parke Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.72 annualized dividend and a yield of 2.6%. Parke Bancorp’s dividend payout ratio is 22.78%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Parke Bancorp in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Parke Bancorp has an average rating of “Buy”.

Insider Transactions at Parke Bancorp

In other news, CEO Vito S. Pantilione bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was bought at an average price of $27.63 per share, for a total transaction of $27,630.00. Following the transaction, the chief executive officer directly owned 236,129 shares of the company’s stock, valued at $6,524,244.27. This represents a 0.43% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Dalton sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $25.12, for a total transaction of $188,400.00. Following the completion of the sale, the director owned 10,000 shares of the company’s stock, valued at approximately $251,200. The trade was a 42.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,981 shares of company stock valued at $1,205,766 over the last quarter. 15.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Parke Bancorp

Several institutional investors have recently modified their holdings of PKBK. Empirical Finance LLC grew its position in shares of Parke Bancorp by 58.3% during the second quarter. Empirical Finance LLC now owns 35,407 shares of the bank’s stock worth $721,000 after purchasing an additional 13,036 shares in the last quarter. Fourthstone LLC boosted its stake in Parke Bancorp by 243.3% in the 2nd quarter. Fourthstone LLC now owns 200,838 shares of the bank’s stock worth $4,091,000 after purchasing an additional 142,334 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Parke Bancorp by 46.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 64,420 shares of the bank’s stock valued at $1,312,000 after buying an additional 20,347 shares in the last quarter. Rhumbline Advisers raised its position in shares of Parke Bancorp by 7.0% during the second quarter. Rhumbline Advisers now owns 15,969 shares of the bank’s stock valued at $325,000 after buying an additional 1,051 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Parke Bancorp in the first quarter worth $229,000. 49.69% of the stock is owned by hedge funds and other institutional investors.

About Parke Bancorp

Parke Bancorp, Inc is the bank holding company for Parke Bank, a community-oriented financial institution headquartered in Kittanning, Pennsylvania. The company delivers a full range of retail and commercial banking services to individuals, small businesses and agricultural clients through a network of branches and ATMs, supported by secure online and mobile banking platforms.

Its product lineup includes deposit accounts—such as checking, savings, money market accounts and certificates of deposit—alongside a variety of lending solutions.