Jeffrey H. Kripitz Sells 7,000 Shares of Parke Bancorp, Inc. (PKBK) Stock
Parke Bancorp, Inc. (NASDAQ:PKBK) Director Jeffrey H. Kripitz sold 7,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $21.98, for a total transaction of $153,860.00. Following the transaction, the director now owns 201,949 shares in the company, valued at $4,438,839.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Parke Bancorp, Inc. (PKBK) opened at 21.55 on Wednesday. The company’s 50-day moving average is $21.47 and its 200-day moving average is $20.92. Parke Bancorp, Inc. has a 52-week low of $14.09 and a 52-week high of $23.00. The firm has a market capitalization of $165.33 million, a price-to-earnings ratio of 14.84 and a beta of 0.67.
Parke Bancorp (NASDAQ:PKBK) last issued its quarterly earnings data on Monday, October 23rd. The bank reported $0.42 EPS for the quarter. The firm had revenue of $10.71 million for the quarter. Parke Bancorp had a net margin of 30.47% and a return on equity of 13.39%. Equities analysts predict that Parke Bancorp, Inc. will post $1.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were paid a $0.12 dividend. The ex-dividend date was Thursday, October 12th. This represents a $0.48 dividend on an annualized basis and a yield of 2.23%. Parke Bancorp’s payout ratio is 32.41%.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Brandywine Global Investment Management LLC grew its stake in Parke Bancorp by 10.0% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 17,956 shares of the bank’s stock valued at $403,000 after acquiring an additional 1,632 shares during the last quarter. Wedbush Securities Inc. grew its stake in Parke Bancorp by 10.0% in the 2nd quarter. Wedbush Securities Inc. now owns 27,280 shares of the bank’s stock valued at $611,000 after acquiring an additional 2,480 shares during the last quarter. Eagle Global Advisors LLC grew its stake in Parke Bancorp by 10.0% in the 2nd quarter. Eagle Global Advisors LLC now owns 27,563 shares of the bank’s stock valued at $617,000 after acquiring an additional 2,505 shares during the last quarter. AXA grew its stake in Parke Bancorp by 10.0% in the 2nd quarter. AXA now owns 28,228 shares of the bank’s stock valued at $632,000 after acquiring an additional 2,566 shares during the last quarter. Finally, Banc Funds Co. LLC grew its stake in Parke Bancorp by 10.0% in the 2nd quarter. Banc Funds Co. LLC now owns 37,300 shares of the bank’s stock valued at $836,000 after acquiring an additional 3,390 shares during the last quarter. 24.35% of the stock is currently owned by hedge funds and other institutional investors.
About Parke Bancorp
Parke Bancorp, Inc is a bank holding company of Parke Bank (the Bank). The Bank is a full commercial service bank, with focus on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Cape May Counties in New Jersey and the Philadelphia area in Pennsylvania.
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