Parke Bancorp, Inc. (NASDAQ:PKBK) is expected to pay $0.08 on Oct 31, 2016. The indicated annual dividend is $0.32. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on Parke Bancorp, Inc.’s current price of $15.14, the dividend is 0.53%. This dividend’s record date is Oct 14, 2016 and the announcement date is Sep 22, 2016. The stock decreased 0.09% or $0.01 on October 10, hitting $15.14. Parke Bancorp, Inc. (NASDAQ:PKBK) has risen 23.39% since March 8, 2016 and is uptrending. It has outperformed by 14.07% the S&P500.
Parke Bancorp, Inc. is a bank holding firm of Parke Bank . The company has a market cap of $104.06 million. 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. It has a 8.45 P/E ratio. It focuses its commercial loan originations on small and mid-sized businesses.
Insitutional Activity: The institutional sentiment increased to 10 in 2016 Q2. Its up 6.00, from 4 in 2016Q1. The ratio improved, as 0 funds sold all Parke Bancorp, Inc. shares owned while 2 reduced positions. 2 funds bought stakes while 18 increased positions. They now own 2.32 million shares or 4.12% more from 2.23 million shares in 2016Q1.
Banc Funds Limited last reported 0.2% of its portfolio in the stock. The New York-based Alliancebernstein L P has invested 0% in Parke Bancorp, Inc. (NASDAQ:PKBK). Tower Research Capital Ltd (Trc) has invested 0% of its portfolio in Parke Bancorp, Inc. (NASDAQ:PKBK). Morgan Stanley last reported 14,857 shares in the company. Pnc Fincl Svcs holds 0.01% of its portfolio in Parke Bancorp, Inc. (NASDAQ:PKBK) for 346,102 shares. Manufacturers Life Insurance The, a Ontario – Canada-based fund reported 85 shares. Ladenburg Thalmann Finance Service last reported 880 shares in the company. Brandywine Glob Inv Mngmt Limited Co last reported 16,324 shares in the company. Lsv Asset Mgmt last reported 25,770 shares in the company. Blackrock Mngmt Ltd has 0% invested in the company for 825 shares. Wells Fargo Mn, a California-based fund reported 1,100 shares. Federated Investors Incorporated Pa owns 245 shares or 0% of their US portfolio. Moreover, Blackrock Institutional Trust Na has 0% invested in Parke Bancorp, Inc. (NASDAQ:PKBK) for 2,900 shares. Earnest Prns accumulated 0% or 1,114 shares. Moreover, Vanguard Grp Inc Inc has 0% invested in Parke Bancorp, Inc. (NASDAQ:PKBK) for 113,416 shares.
Insider Transactions: Since April 22, 2016, the stock had 2 insider buys, and 5 sales for $135,555 net activity. 200 shares were sold by KRIPITZ JEFFREY H, worth $3,020 on Monday, September 12. 3,000 shares with value of $40,648 were sold by DOBSON ARRET F on Monday, August 8. PANTILIONE VITO S bought 700 shares worth $9,128. MIDDLEBROOK DAVID O sold $11,894 worth of stock or 850 shares.
More recent Parke Bancorp, Inc. (NASDAQ:PKBK) news were published by: Prnewswire.com which released: “Parke Bancorp, Inc. Declares Cash Dividend” on September 21, 2016. Also Prnewswire.com published the news titled: “Parke Bancorp, Inc. Announces Successful Completion of Convertible Preferred …” on December 23, 2013. Seekingalpha.com‘s news article titled: “Parke Bancorp: A Chronically Undervalued Financial Stock (Part II)” with publication date: February 09, 2014 was also an interesting one.
PKBK Company Profile
Parke Bancorp, Inc., incorporated on January 1, 2005, is a bank holding firm of Parke Bank (the Bank). The Bank is a commercial bank. The Bank is a full 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. The Bank focuses its commercial loan originations on small and mid-sized businesses. The Bank’s commercial loan products include residential and commercial real estate construction loans; working capital loans and lines of credit; demand, term and time loans, and equipment, inventory and accounts receivable financing. Residential construction loans in tract development are also included in the commercial loan category. The Bank also offers a range of deposit products to its commercial customers. The Bank’s retail banking activities focus on consumer deposit and checking accounts. In addition to the traditional services and products, the Bank offers contemporary services and products, such as debit cards, Internet banking and online bill payment. The Bank’s retail lending activities include residential mortgage loans, home equity lines of credit, fixed rate second mortgages, new and used auto loans and overdraft protection.
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