22,205 Shares in Parke Bancorp, Inc. (PKBK) Purchased by Essex Investment Management Co. LLC
Essex Investment Management Co. LLC bought a new position in shares of Parke Bancorp, Inc. (NASDAQ:PKBK) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 22,205 shares of the bank’s stock, valued at approximately $493,000. Essex Investment Management Co. LLC owned 0.29% of Parke Bancorp at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. New York State Common Retirement Fund purchased a new stake in shares of Parke Bancorp during the second quarter worth about $137,000. The Manufacturers Life Insurance Company bought a new position in Parke Bancorp in the second quarter worth about $150,000. Strs Ohio raised its stake in Parke Bancorp by 323.5% in the third quarter. Strs Ohio now owns 7,200 shares of the bank’s stock worth $159,000 after buying an additional 5,500 shares in the last quarter. Schwab Charles Investment Management Inc. bought a new position in Parke Bancorp in the second quarter worth about $211,000. Finally, Teachers Advisors LLC bought a new position in Parke Bancorp in the second quarter worth about $226,000. Institutional investors own 24.35% of the company’s stock.
Parke Bancorp, Inc. (NASDAQ:PKBK) opened at $20.80 on Friday. Parke Bancorp, Inc. has a one year low of $14.09 and a one year high of $23.00. The stock has a market cap of $159.58, a PE ratio of 14.05 and a beta of 0.64. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.01.
Parke Bancorp (NASDAQ:PKBK) last released its quarterly earnings results on Monday, October 23rd. The bank reported $0.42 earnings per share (EPS) for the quarter. Parke Bancorp had a net margin of 30.47% and a return on equity of 13.39%. The company had revenue of $10.71 million during the quarter.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, October 12th. Parke Bancorp’s dividend payout ratio is 32.41%.
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In other Parke Bancorp news, Director Edward Infantolino sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $22.01, for a total transaction of $220,100.00. Following the completion of the transaction, the director now owns 33,865 shares of the company’s stock, valued at $745,368.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack C. Sheppard, Jr. sold 3,132 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $19.33, for a total transaction of $60,541.56. Following the transaction, the director now directly owns 69,680 shares of the company’s stock, valued at approximately $1,346,914.40. The disclosure for this sale can be found here. Insiders have sold 20,932 shares of company stock valued at $449,382 in the last ninety days. Insiders own 26.05% of the company’s stock.
Parke Bancorp Company Profile
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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