Barclays PLC Has $284,000 Stake in Parke Bancorp, Inc. (NASDAQ:PKBK)

Barclays PLC grew its holdings in Parke Bancorp, Inc. (NASDAQ:PKBK) by 306.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,575 shares of the bank’s stock after purchasing an additional 10,237 shares during the quarter. Barclays PLC owned about 0.11% of Parke Bancorp worth $284,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in Parke Bancorp by 1,990.2% in the third quarter. International Assets Investment Management LLC now owns 2,550 shares of the bank’s stock worth $53,000 after purchasing an additional 2,428 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Parke Bancorp by 56.3% in the third quarter. BNP Paribas Financial Markets now owns 3,427 shares of the bank’s stock worth $72,000 after purchasing an additional 1,235 shares in the last quarter. Private Advisor Group LLC acquired a new position in Parke Bancorp in the third quarter worth $211,000. Squarepoint Ops LLC acquired a new position in Parke Bancorp in the second quarter worth $186,000. Finally, Lakewood Asset Management LLC boosted its stake in Parke Bancorp by 8.2% in the third quarter. Lakewood Asset Management LLC now owns 13,130 shares of the bank’s stock worth $274,000 after purchasing an additional 997 shares in the last quarter. Institutional investors and hedge funds own 49.69% of the company’s stock.

Insider Activity at Parke Bancorp

In related news, Chairman Daniel J. Dalton sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $20.96, for a total value of $104,800.00. Following the completion of the sale, the chairman now owns 71,319 shares in the company, valued at approximately $1,494,846.24. This represents a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jeffrey H. Kripitz sold 10,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $22.77, for a total value of $227,700.00. Following the completion of the sale, the director now owns 73,013 shares of the company’s stock, valued at $1,662,506.01. This trade represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Parke Bancorp Trading Down 0.2 %

PKBK stock opened at $19.82 on Monday. The company has a market cap of $235.56 million, a P/E ratio of 8.51 and a beta of 0.71. Parke Bancorp, Inc. has a twelve month low of $15.24 and a twelve month high of $24.29. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. The business has a fifty day moving average of $22.16 and a 200-day moving average of $20.27.

Parke Bancorp (NASDAQ:PKBK) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.62 EPS for the quarter. The business had revenue of $15.62 million during the quarter. Parke Bancorp had a return on equity of 9.75% and a net margin of 22.32%.

Parke Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.18 dividend. The ex-dividend date is Friday, January 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 3.63%. Parke Bancorp’s dividend payout ratio is presently 30.90%.

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