Vito S. Pantilione Buys 950 Shares of Parke Bancorp, Inc. (PKBK) Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) CEO Vito S. Pantilione bought 950 shares of Parke Bancorp stock in a transaction dated Tuesday, October 30th. The shares were acquired at an average cost of $20.30 per share, with a total value of $19,285.00. Following the completion of the purchase, the chief executive officer now owns 192,725 shares in the company, valued at $3,912,317.50. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Shares of PKBK traded down $0.11 during trading hours on Thursday, hitting $19.30. 48,269 shares of the stock were exchanged, compared to its average volume of 12,264. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.18 and a current ratio of 1.18. Parke Bancorp, Inc. has a 12-month low of $17.39 and a 12-month high of $24.80. The stock has a market capitalization of $201.80 million, a price-to-earnings ratio of 9.70 and a beta of 0.19.

The company also recently declared a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, October 12th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Thursday, October 11th.

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Parke Bancorp by 98.1% during the second quarter. Dimensional Fund Advisors LP now owns 95,701 shares of the bank’s stock worth $2,263,000 after purchasing an additional 47,393 shares in the last quarter. Schwab Charles Investment Management Inc. acquired a new position in shares of Parke Bancorp in the 2nd quarter valued at $330,000. LSV Asset Management lifted its stake in shares of Parke Bancorp by 10.0% in the 2nd quarter. LSV Asset Management now owns 54,544 shares of the bank’s stock valued at $1,289,000 after purchasing an additional 4,958 shares during the last quarter. Philadelphia Trust Co. lifted its stake in shares of Parke Bancorp by 136.5% in the 2nd quarter. Philadelphia Trust Co. now owns 165,319 shares of the bank’s stock valued at $3,910,000 after purchasing an additional 95,429 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Parke Bancorp by 10.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 138,231 shares of the bank’s stock valued at $3,269,000 after purchasing an additional 12,566 shares during the last quarter. Hedge funds and other institutional investors own 32.19% of the company’s stock.

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

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