BNP Paribas Financial Markets Has $55,000 Holdings in Parke Bancorp, Inc. (NASDAQ:PKBK)

BNP Paribas Financial Markets decreased its stake in Parke Bancorp, Inc. (NASDAQ:PKBK) by 21.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,691 shares of the bank’s stock after selling 736 shares during the quarter. BNP Paribas Financial Markets’ holdings in Parke Bancorp were worth $55,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

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

Parke Bancorp Price Performance

NASDAQ:PKBK opened at $19.17 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average price is $18.89 and its two-hundred day moving average price is $19.92. The firm has a market capitalization of $227.03 million, a price-to-earnings ratio of 8.44 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.

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

Parke Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 4th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Friday, April 4th. Parke Bancorp’s dividend payout ratio is currently 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.