November 21, 2016 - By Ruchi Gupta · 0 Comments
Parke Bancorp Inc (NASDAQ:PKBK) institutional sentiment decreased to 1.5 in 2016 Q2. Its down -8.50, from 10 in 2016Q1. The ratio fall, as 20 investment managers increased and opened new holdings, while 2 sold and trimmed stock positions in Parke Bancorp Inc. The investment managers in our partner’s database reported: 2.32 million shares, up from 2.23 million shares in 2016Q1. Also, the number of investment managers holding Parke Bancorp Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 2 Increased: 18 New Position: 2.
Parke Bancorp, Inc. is a bank holding firm of Parke Bank . The company has a market cap of $123.29 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 8.98 P/E ratio. It focuses its commercial loan originations on small and mid-sized businesses.
About 325 shares traded hands. Parke Bancorp, Inc. (NASDAQ:PKBK) has risen 29.36% since April 19, 2016 and is uptrending. It has outperformed by 25.49% the S&P500.
According to Zacks Investment Research, “Parke Bancorp’s wholly-owned subsidiary, Parke Bank, is a New Jersey-chartered commercial bank. The Bank provides full-service banking to individuals and small to mid- size businesses in Gloucester, Atlantic and Cape May counties in New Jersey, as well as the Philadelphia area.”
Banc Funds Co Llc holds 0.2% of its portfolio in Parke Bancorp, Inc. for 267,436 shares. Ejf Capital Llc owns 49,109 shares or 0.06% of their US portfolio. Moreover, Pnc Financial Services Group Inc. has 0.01% invested in the company for 346,102 shares. The New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.01% in the stock. Alliancebernstein L.P., a New York-based fund reported 182,006 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 3 insider sales for $46,434 net activity.
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.
More important recent Parke Bancorp, Inc. (NASDAQ:PKBK) news were published by: Prnewswire.com which released: “Parke Bancorp, Inc. Announces Strong 2016 Third Quarter Earnings” on October 21, 2016, also Prnewswire.com published article titled: “Parke Bancorp, Inc. Declares Cash Dividend”, Prnewswire.com published: “Parke Bank Announces Agreement To Sell SBA Subsidiary” on October 30, 2015. More interesting news about Parke Bancorp, Inc. (NASDAQ:PKBK) was released by: Reuters.com and their article: “BRIEF-Parke Bancorp announces strong Q3 earnings” with publication date: March 26, 2013.
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By Ruchi Gupta