Parke Bancorp, Inc. (NASDAQ:PKBK) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in Parke Bancorp, Inc. (NASDAQ:PKBK) by 56.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,427 shares of the bank’s stock after purchasing an additional 1,235 shares during the quarter. BNP Paribas Financial Markets’ holdings in Parke Bancorp were worth $72,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Parke Bancorp by 1,990.2% during the 3rd quarter. International Assets Investment Management LLC now owns 2,550 shares of the bank’s stock valued at $53,000 after buying an additional 2,428 shares during the period. Squarepoint Ops LLC acquired a new stake in Parke Bancorp during the second quarter worth $186,000. Private Advisor Group LLC acquired a new stake in Parke Bancorp during the third quarter worth $211,000. Lakewood Asset Management LLC raised its position in Parke Bancorp by 8.2% in the third quarter. Lakewood Asset Management LLC now owns 13,130 shares of the bank’s stock valued at $274,000 after purchasing an additional 997 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Parke Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 45,466 shares of the bank’s stock valued at $950,000 after purchasing an additional 2,278 shares during the last quarter. 49.69% of the stock is currently owned by institutional investors and hedge funds.

Parke Bancorp Price Performance

Shares of PKBK opened at $20.84 on Friday. The firm has a 50-day simple moving average of $22.23 and a two-hundred day simple moving average of $19.85. The stock has a market cap of $247.68 million, a PE ratio of 8.94 and a beta of 0.71. Parke Bancorp, Inc. has a 1-year low of $15.24 and a 1-year high of $24.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 1.27.

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

Parke Bancorp Announces Dividend

The company 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 of this dividend is Friday, January 3rd. This represents a $0.72 annualized dividend and a dividend yield of 3.45%. Parke Bancorp’s dividend payout ratio is presently 30.90%.

Analysts Set New Price Targets

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

Insider Activity at Parke Bancorp

In related news, Director Jeffrey H. Kripitz sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $22.77, for a total transaction of $227,700.00. Following the sale, the director now directly owns 73,013 shares of the company’s stock, valued at $1,662,506.01. This represents a 12.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Daniel J. Dalton sold 5,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $20.96, for a total value of $104,800.00. Following the sale, the chairman now directly owns 71,319 shares in the company, valued at $1,494,846.24. This represents a 6.55 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.52% of the company’s stock.

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.