Insider Selling: Parke Bancorp, Inc. (PKBK) Director Sells $220,100.00 in Stock

Parke Bancorp, Inc. (NASDAQ:PKBK) Director Edward Infantolino sold 10,000 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $22.01, for a total transaction of $220,100.00. Following the sale, the director now owns 33,865 shares in the company, valued at $745,368.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Parke Bancorp (NASDAQ:PKBK) last issued its quarterly earnings results on Monday, October 23rd. The bank reported $0.42 EPS for the quarter. The company had revenue of $10.71 million for the quarter. Parke Bancorp had a return on equity of 13.39% and a net margin of 30.47%.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Thursday, October 12th. Parke Bancorp’s dividend payout ratio (DPR) is 32.41%.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Parke Bancorp, Inc. (PKBK) Director Sells $220,100.00 in Stock” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.com-unik.info/2017/11/02/insider-selling-parke-bancorp-inc-pkbk-director-sells-220100-00-in-stock.html.

Several institutional investors and hedge funds have recently modified their holdings of the company. Brandywine Global Investment Management LLC increased its holdings in shares of Parke Bancorp by 10.0% during the second quarter. Brandywine Global Investment Management LLC now owns 17,956 shares of the bank’s stock valued at $403,000 after purchasing an additional 1,632 shares during the period. Wedbush Securities Inc. increased its holdings in shares of Parke Bancorp by 10.0% during the second quarter. Wedbush Securities Inc. now owns 27,280 shares of the bank’s stock valued at $611,000 after purchasing an additional 2,480 shares during the period. Eagle Global Advisors LLC increased its holdings in shares of Parke Bancorp by 10.0% during the second quarter. Eagle Global Advisors LLC now owns 27,563 shares of the bank’s stock valued at $617,000 after purchasing an additional 2,505 shares during the period. AXA increased its holdings in shares of Parke Bancorp by 10.0% during the second quarter. AXA now owns 28,228 shares of the bank’s stock valued at $632,000 after purchasing an additional 2,566 shares during the period. Finally, Banc Funds Co. LLC increased its holdings in shares of Parke Bancorp by 10.0% during the second quarter. Banc Funds Co. LLC now owns 37,300 shares of the bank’s stock valued at $836,000 after purchasing an additional 3,390 shares during the period. 24.35% of the stock is currently owned by institutional investors.

About Parke Bancorp

Parke Bancorp, Inc is a bank holding company of Parke Bank (the Bank). The Bank is a full commercial service bank, with focus on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Cape May Counties in New Jersey and the Philadelphia area in Pennsylvania.

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