Insider Selling: Parke Bancorp (NASDAQ:PKBK) Director Sells 5,000 Shares of Stock

Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) Director Daniel Dalton sold 5,000 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $27.57, for a total value of $137,850.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.Get Parke Bancorp alerts:Parke Bancorp Trading Up 1.8%NASDAQ:PKBK traded up $0.48 during midday trading on Thursday, reaching $27.48. 24,995 shares of the stock traded hands, compared to its average volume of 83,217. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $318.76 million, a P/E ratio of 8.70 and a beta of 0.51. Parke Bancorp, Inc. has a 12 month low of $16.94 and a 12 month high of $28.22. The company has a fifty day moving average of $24.74 and a 200 day moving average of $22.68. Parke Bancorp (NASDAQ:PKBK - Get Free Report) last released its earnings results on Thursday, January 22nd. The bank reported $0.93 EPS for the quarter. Parke Bancorp had a return on equity of 12.16% and a net margin of 25.86%.The firm had revenue of $22.74 million for the quarter. Parke Bancorp Dividend AnnouncementThe company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.6%. Parke Bancorp's payout ratio is currently 22.78%. Hedge Funds Weigh In On Parke BancorpLarge investors have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in Parke Bancorp by 66.2% during the third quarter. Russell Investments Group Ltd. now owns 2,147 shares of the bank's stock worth $46,000 after buying an additional 855 shares during the period. Byrne Asset Management LLC acquired a new stake in shares of Parke Bancorp during the 4th quarter valued at about $75,000. BNP Paribas Financial Markets raised its position in shares of Parke Bancorp by 44.4% in the second quarter. BNP Paribas Financial Markets now owns 3,251 shares of the bank's stock valued at $66,000 after purchasing an additional 999 shares during the period. CWM LLC grew its position in Parke Bancorp by 251.5% in the 3rd quarter. CWM LLC now owns 3,367 shares of the bank's stock worth $73,000 after purchasing an additional 2,409 shares during the last quarter. Finally, Daytona Street Capital LLC bought a new stake in shares of Parke Bancorp during the fourth quarter worth $163,000. Hedge funds and other institutional investors own 49.69% of the company's stock. Analysts Set New Price TargetsSeparately, Weiss Ratings reiterated a "buy (b-)" rating on shares of Parke Bancorp in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy".Read Our Latest Stock Report on PKBKAbout Parke Bancorp (Get Free Report)Parke Bancorp, Inc is the bank holding company for Parke Bank, a community-oriented financial institution headquartered in Kittanning, Pennsylvania. The company delivers a full range of retail and commercial banking services to individuals, small businesses and agricultural clients through a network of branches and ATMs, supported by secure online and mobile banking platforms. Its product lineup includes deposit accounts—such as checking, savings, money market accounts and certificates of deposit—alongside a variety of lending solutions.Recommended StoriesFive stocks we like better than Parke BancorpDo not delete, read immediatelyRefund From 1933: Trump’s Reset May Create Instant WealthNEW LAW: Congress Approves Setup For Digital Dollar?“Fed Proof” Your Bank Account with THESE 4 Simple StepsA U.S. “birthright” claim worth trillions - activated quietlyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Parke Bancorp Right Now?Before you consider Parke Bancorp, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Parke Bancorp wasn't on the list.While Parke Bancorp currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here