Vito S. Pantilione Acquires 500 Shares of Parke Bancorp, Inc. (PKBK) Stock

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Parke Bancorp, Inc. (NASDAQ:PKBK) CEO Vito S. Pantilione purchased 500 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was acquired at an average price of $22.55 per share, for a total transaction of $11,275.00. Following the transaction, the chief executive officer now owns 191,775 shares of the company’s stock, valued at approximately $4,324,526.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Parke Bancorp stock traded down $0.20 during mid-day trading on Friday, hitting $22.40. The company’s stock had a trading volume of 25,864 shares, compared to its average volume of 22,781. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $231.65 million, a price-to-earnings ratio of 13.00 and a beta of 0.04. Parke Bancorp, Inc. has a twelve month low of $16.77 and a twelve month high of $24.80.

Parke Bancorp (NASDAQ:PKBK) last posted its quarterly earnings results on Thursday, July 19th. The bank reported $0.56 earnings per share (EPS) for the quarter. The firm had revenue of $12.24 million for the quarter. Parke Bancorp had a net margin of 29.43% and a return on equity of 16.03%.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 27th. Shareholders of record on Friday, July 13th were given a $0.14 dividend. This is a positive change from Parke Bancorp’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, July 12th. This represents a $0.56 annualized dividend and a yield of 2.50%.

Institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. grew its position in Parke Bancorp by 237.6% in the second quarter. Bessemer Group Inc. now owns 5,740 shares of the bank’s stock worth $136,000 after buying an additional 4,040 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in Parke Bancorp in the first quarter worth approximately $282,000. Private Advisor Group LLC acquired a new position in Parke Bancorp in the first quarter worth approximately $285,000. Schwab Charles Investment Management Inc. acquired a new position in Parke Bancorp in the second quarter worth approximately $330,000. Finally, Wells Fargo & Company MN grew its position in Parke Bancorp by 61.2% in the fourth quarter. Wells Fargo & Company MN now owns 18,557 shares of the bank’s stock worth $382,000 after buying an additional 7,047 shares during the last quarter. Hedge funds and other institutional investors own 29.26% of the company’s stock.

About Parke Bancorp

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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