Barclays PLC Acquires 10,237 Shares of Parke Bancorp, Inc. (NASDAQ:PKBK)

Barclays PLC lifted its stake in Parke Bancorp, Inc. (NASDAQ:PKBK) by 306.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,575 shares of the bank’s stock after buying an additional 10,237 shares during the period. Barclays PLC owned about 0.11% of Parke Bancorp worth $284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC grew its position in Parke Bancorp by 0.6% in the third quarter. Geode Capital Management LLC now owns 231,800 shares of the bank’s stock valued at $4,845,000 after acquiring an additional 1,447 shares during the period. Jane Street Group LLC boosted its stake in shares of Parke Bancorp by 6.7% in the 3rd quarter. Jane Street Group LLC now owns 14,037 shares of the bank’s stock valued at $293,000 after purchasing an additional 880 shares in the last quarter. Fourthstone LLC boosted its stake in shares of Parke Bancorp by 11.8% in the 3rd quarter. Fourthstone LLC now owns 26,957 shares of the bank’s stock valued at $563,000 after purchasing an additional 2,844 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Parke Bancorp by 56.3% in the 3rd 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 during the last quarter. Finally, Empowered Funds LLC increased its position in shares of Parke Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 45,466 shares of the bank’s stock worth $950,000 after purchasing an additional 2,278 shares in the last quarter. Institutional investors own 49.69% of the company’s stock.

Parke Bancorp Stock Up 1.7 %

Shares of PKBK opened at $19.96 on Tuesday. The company has a market capitalization of $237.32 million, a P/E ratio of 8.57 and a beta of 0.73. Parke Bancorp, Inc. has a one year low of $15.24 and a one year high of $24.29. The business’s 50 day simple moving average is $21.63 and its 200-day simple moving average is $20.57. 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 quarterly earnings data on Friday, October 18th. The bank reported $0.62 EPS for the quarter. The company had revenue of $15.62 million for the quarter. Parke Bancorp had a return on equity of 9.75% and a net margin of 22.32%.

Parke Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.18 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.61%. Parke Bancorp’s dividend payout ratio is 30.90%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Jeffrey H. Kripitz sold 10,000 shares of Parke Bancorp stock in a transaction on 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 directly owns 73,013 shares of the company’s stock, valued at approximately $1,662,506.01. This trade represents a 12.05 % decrease in their position. The transaction 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 business’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 owns 71,319 shares of the company’s stock, valued at approximately $1,494,846.24. The trade was a 6.55 % decrease in their position. The disclosure for this sale can be found here. 15.52% of the stock is owned by corporate insiders.

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