Parke Bancorp (NASDAQ:PKBK) Shares Cross Above Two Hundred Day Moving Average of $16.99

Shares of Parke Bancorp, Inc. (NASDAQ:PKBK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.99 and traded as high as $20.74. Parke Bancorp shares last traded at $20.73, with a volume of 39,055 shares traded.

Parke Bancorp Stock Up 6.5 %

The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.75. The stock has a market cap of $248.35 million, a PE ratio of 10.74 and a beta of 0.70. The firm has a fifty day moving average of $17.77 and a 200 day moving average of $16.99.

Parke Bancorp (NASDAQ:PKBK) last released its quarterly earnings data on Friday, July 19th. The bank reported $0.53 earnings per share (EPS) for the quarter. Parke Bancorp had a return on equity of 10.19% and a net margin of 17.49%. The business had revenue of $31.39 million during the quarter.

Parke Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.72 annualized dividend and a yield of 3.47%. Parke Bancorp’s dividend payout ratio is currently 37.31%.

Insiders Place Their Bets

In other news, COO Ralph Martin Gallo sold 7,700 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $19.63, for a total value of $151,151.00. Following the completion of the transaction, the chief operating officer now owns 404 shares in the company, valued at approximately $7,930.52. The sale was disclosed in a document filed with the SEC, which is available at this link. 15.33% of the stock is owned by corporate insiders.

Institutional Trading of Parke Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in Parke Bancorp by 1,925.4% during the 4th quarter. International Assets Investment Management LLC now owns 2,471 shares of the bank’s stock worth $50,000 after buying an additional 2,349 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Parke Bancorp by 80.1% during the first quarter. BNP Paribas Financial Markets now owns 5,195 shares of the bank’s stock worth $89,000 after acquiring an additional 2,310 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Parke Bancorp in the 2nd quarter valued at $186,000. Quadrature Capital Ltd purchased a new stake in Parke Bancorp in the 1st quarter valued at $198,000. Finally, Fulton Bank N.A. acquired a new stake in Parke Bancorp during the 1st quarter worth $837,000. 49.69% of the stock is owned by hedge funds and other institutional investors.

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.