Citadel Advisors LLC Invests $617,000 in Parke Bancorp, Inc. (NASDAQ:PKBK)

Citadel Advisors LLC purchased a new stake in shares of Parke Bancorp, Inc. (NASDAQ:PKBK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,084 shares of the bank’s stock, valued at approximately $617,000. Citadel Advisors LLC owned 0.25% of Parke Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in shares of Parke Bancorp by 15.6% during the 4th quarter. Wells Fargo & Company MN now owns 9,930 shares of the bank’s stock worth $204,000 after acquiring an additional 1,343 shares in the last quarter. Rhumbline Advisers raised its holdings in Parke Bancorp by 5.2% in the 4th quarter. Rhumbline Advisers now owns 15,495 shares of the bank’s stock worth $318,000 after purchasing an additional 767 shares during the period. Barclays PLC raised its holdings in Parke Bancorp by 16.3% in the 4th quarter. Barclays PLC now owns 15,794 shares of the bank’s stock worth $324,000 after purchasing an additional 2,219 shares during the period. Marshall Wace LLP purchased a new position in Parke Bancorp during the fourth quarter worth approximately $364,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Parke Bancorp in the fourth quarter valued at approximately $426,000. Hedge funds and other institutional investors own 49.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Parke Bancorp from a “buy” rating to a “hold” rating in a research report on Friday.

Parke Bancorp Stock Down 0.1%

Parke Bancorp stock opened at $19.57 on Friday. The stock has a market capitalization of $231.77 million, a PE ratio of 8.62 and a beta of 0.57. Parke Bancorp, Inc. has a 12 month low of $15.24 and a 12 month high of $24.29. The business has a 50 day simple moving average of $18.88 and a 200-day simple moving average of $19.97. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 1.27.

Parke Bancorp (NASDAQ:PKBK) last posted its quarterly earnings data on Thursday, April 17th. The bank reported $0.65 EPS for the quarter. The business had revenue of $17.43 million during the quarter. Parke Bancorp had a return on equity of 9.41% and a net margin of 21.25%.

Parke Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Friday, April 4th. Parke Bancorp’s dividend payout ratio (DPR) is presently 29.88%.

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.