Parke Bancorp, Inc. (NASDAQ:PKBK) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in shares of Parke Bancorp, Inc. (NASDAQ:PKBK) by 1,990.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,550 shares of the bank’s stock after acquiring an additional 2,428 shares during the quarter. International Assets Investment Management LLC’s holdings in Parke Bancorp were worth $53,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PKBK. BNP Paribas Financial Markets lifted its stake in Parke Bancorp by 80.1% during the first quarter. BNP Paribas Financial Markets now owns 5,195 shares of the bank’s stock worth $89,000 after purchasing an additional 2,310 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Parke Bancorp during the 2nd quarter worth approximately $186,000. Quadrature Capital Ltd acquired a new position in shares of Parke Bancorp in the 1st quarter valued at $198,000. Private Advisor Group LLC purchased a new position in shares of Parke Bancorp in the 3rd quarter valued at $211,000. Finally, Lakewood Asset Management LLC raised its stake in Parke Bancorp by 8.2% during the 3rd quarter. Lakewood Asset Management LLC now owns 13,130 shares of the bank’s stock worth $274,000 after acquiring an additional 997 shares in the last quarter. Hedge funds and other institutional investors own 49.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Parke Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, October 21st.

Parke Bancorp Stock Down 2.3 %

Parke Bancorp stock opened at $22.72 on Friday. The company has a market capitalization of $272.12 million, a P/E ratio of 9.75 and a beta of 0.69. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.30 and a current ratio of 1.30. Parke Bancorp, Inc. has a fifty-two week low of $15.24 and a fifty-two week high of $23.44. The stock has a 50-day simple moving average of $20.90 and a 200-day simple moving average of $18.56.

Parke Bancorp (NASDAQ:PKBK) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.62 earnings per share for the quarter. The company had revenue of $15.62 million during the quarter. Parke Bancorp had a return on equity of 9.81% and a net margin of 22.32%.

Parke Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Friday, October 4th. Parke Bancorp’s dividend payout ratio is currently 30.90%.

Insider Buying and Selling

In other Parke Bancorp news, Chairman Daniel J. Dalton sold 5,000 shares of Parke Bancorp stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $20.96, for a total value of $104,800.00. Following the transaction, the chairman now directly owns 71,319 shares in the company, valued at approximately $1,494,846.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 15.33% of the stock is owned by company insiders.

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