SG Americas Securities LLC Invests $116,000 in Parke Bancorp, Inc. (NASDAQ:PKBK)

SG Americas Securities LLC bought a new position in shares of Parke Bancorp, Inc. (NASDAQ:PKBK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,706 shares of the bank’s stock, valued at approximately $116,000.

Several other large investors have also added to or reduced their stakes in PKBK. JPMorgan Chase & Co. boosted its holdings in Parke Bancorp by 38,091.7% during the first quarter. JPMorgan Chase & Co. now owns 4,583 shares of the bank’s stock worth $108,000 after purchasing an additional 4,571 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Parke Bancorp by 2.7% during the first quarter. Bank of New York Mellon Corp now owns 34,189 shares of the bank’s stock worth $808,000 after purchasing an additional 884 shares during the last quarter. American Century Companies Inc. boosted its holdings in Parke Bancorp by 27.1% during the first quarter. American Century Companies Inc. now owns 44,906 shares of the bank’s stock worth $1,060,000 after purchasing an additional 9,581 shares during the last quarter. Citigroup Inc. acquired a new position in Parke Bancorp during the first quarter worth $128,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Parke Bancorp by 5.0% during the first quarter. Dimensional Fund Advisors LP now owns 284,378 shares of the bank’s stock worth $6,714,000 after purchasing an additional 13,547 shares during the last quarter. Institutional investors and hedge funds own 49.69% of the company’s stock.

Insider Buying and Selling at Parke Bancorp

In other Parke Bancorp news, Director Jeffrey H. Kripitz sold 1,628 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $16.41, for a total value of $26,715.48. Following the completion of the sale, the director now owns 101,385 shares in the company, valued at $1,663,727.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Parke Bancorp news, Director Jeffrey H. Kripitz sold 1,628 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $16.41, for a total value of $26,715.48. Following the completion of the sale, the director now owns 101,385 shares in the company, valued at $1,663,727.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey H. Kripitz sold 8,000 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $19.31, for a total transaction of $154,480.00. Following the completion of the sale, the director now owns 105,013 shares of the company’s stock, valued at approximately $2,027,801.03. The disclosure for this sale can be found here. Over the last quarter, insiders bought 2,030 shares of company stock worth $34,420 and sold 20,128 shares worth $355,480. Corporate insiders own 15.33% of the company’s stock.

Parke Bancorp Stock Performance

Shares of PKBK opened at $16.25 on Friday. Parke Bancorp, Inc. has a 12 month low of $14.86 and a 12 month high of $20.87. The firm has a fifty day simple moving average of $16.68 and a 200 day simple moving average of $17.55. The stock has a market capitalization of $194.35 million, a price-to-earnings ratio of 6.94 and a beta of 0.79. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59.

Parke Bancorp (NASDAQ:PKBK) last announced its earnings results on Wednesday, January 24th. The bank reported $0.67 EPS for the quarter. The business had revenue of $17.00 million during the quarter. Parke Bancorp had a net margin of 23.84% and a return on equity of 12.85%.

Parke Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Thursday, April 4th. Parke Bancorp’s dividend payout ratio is currently 30.77%.

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.