Pacific Ridge Capital Partners LLC Has $6.74 Million Stake in Parke Bancorp, Inc. (NASDAQ:PKBK)

Pacific Ridge Capital Partners LLC trimmed its position in shares of Parke Bancorp, Inc. (NASDAQ:PKBK) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 328,416 shares of the bank’s stock after selling 4,048 shares during the period. Parke Bancorp accounts for 1.5% of Pacific Ridge Capital Partners LLC’s investment portfolio, making the stock its 23rd biggest holding. Pacific Ridge Capital Partners LLC owned 2.76% of Parke Bancorp worth $6,736,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PKBK. BNP Paribas Financial Markets grew its holdings in shares of Parke Bancorp by 56.3% during the third quarter. BNP Paribas Financial Markets now owns 3,427 shares of the bank’s stock valued at $72,000 after buying an additional 1,235 shares in the last quarter. Barclays PLC boosted its position in Parke Bancorp by 306.7% during the 3rd quarter. Barclays PLC now owns 13,575 shares of the bank’s stock worth $284,000 after acquiring an additional 10,237 shares during the period. Jane Street Group LLC grew its stake in Parke Bancorp by 6.7% during the 3rd quarter. Jane Street Group LLC now owns 14,037 shares of the bank’s stock valued at $293,000 after acquiring an additional 880 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Parke Bancorp by 5.2% in the 4th quarter. Rhumbline Advisers now owns 15,495 shares of the bank’s stock valued at $318,000 after purchasing an additional 767 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Parke Bancorp by 12.9% in the third quarter. JPMorgan Chase & Co. now owns 16,085 shares of the bank’s stock worth $336,000 after purchasing an additional 1,842 shares in the last quarter. 49.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Parke Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 20th.

Insider Activity at Parke Bancorp

In other news, Director Jeffrey H. Kripitz sold 6,101 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $20.12, for a total transaction of $122,752.12. Following the transaction, the director now owns 54,353 shares in the company, valued at $1,093,582.36. This represents a 10.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 7,160 shares of company stock valued at $143,947. 15.33% of the stock is currently owned by corporate insiders.

Parke Bancorp Trading Up 0.1 %

Shares of NASDAQ:PKBK opened at $18.77 on Thursday. The firm has a fifty day moving average of $19.48 and a two-hundred day moving average of $20.74. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. Parke Bancorp, Inc. has a 12-month low of $15.24 and a 12-month high of $24.29. The firm has a market capitalization of $222.29 million, a P/E ratio of 8.27 and a beta of 0.73.

Parke Bancorp (NASDAQ:PKBK) last issued its earnings results on Friday, January 24th. The bank reported $0.61 EPS for the quarter. Parke Bancorp had a return on equity of 9.41% and a net margin of 21.25%.

Parke Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.72 dividend on an annualized basis and a yield of 3.84%. Parke Bancorp’s dividend payout ratio is currently 31.72%.

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.