Daniel Dalton Sells 7,500 Shares of Parke Bancorp (NASDAQ:PKBK) Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) Director Daniel Dalton sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $25.12, for a total transaction of $188,400.00. Following the completion of the sale, the director owned 10,000 shares of the company’s stock, valued at approximately $251,200. This trade represents a 42.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Parke Bancorp Price Performance

Shares of NASDAQ:PKBK opened at $25.42 on Wednesday. The company’s fifty day moving average is $22.18 and its two-hundred day moving average is $21.54. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. Parke Bancorp, Inc. has a 12-month low of $16.94 and a 12-month high of $25.55. The company has a market cap of $294.87 million, a P/E ratio of 8.95 and a beta of 0.53.

Parke Bancorp (NASDAQ:PKBK) last issued its earnings results on Wednesday, October 22nd. The bank reported $0.89 EPS for the quarter. The business had revenue of $21.01 million during the quarter. Parke Bancorp had a return on equity of 11.07% and a net margin of 23.95%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Parke Bancorp in a report on Monday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Fourthstone LLC lifted its stake in Parke Bancorp by 243.3% in the second quarter. Fourthstone LLC now owns 200,838 shares of the bank’s stock valued at $4,091,000 after acquiring an additional 142,334 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Parke Bancorp by 228.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,700 shares of the bank’s stock worth $1,991,000 after purchasing an additional 73,505 shares during the last quarter. Nuveen LLC bought a new position in shares of Parke Bancorp during the 1st quarter valued at $571,000. Strs Ohio acquired a new stake in shares of Parke Bancorp in the 1st quarter valued at $494,000. Finally, Citadel Advisors LLC bought a new stake in Parke Bancorp in the third quarter worth $532,000. Hedge funds and other institutional investors own 49.69% of the company’s stock.

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.