Short traders are more bearish on shares of Parke Bancorp, Inc. lately looking at the rise in short interest. The company saw a rise in short interest of 8.49% between August 15, 2017 and August 31, 2017. Short interest grew from 147,311 to 159,817 over that period. The days to cover increased to 17.0 and the short interest percentage is 0.02% as of August 31.
Here are a few substantial investment firms who have updated their positions. As of quarter end Context Bh Capital Management, Lp had acquired a total of 11,972 shares growing its holdings by 22.6%. The value of the company’s investment in Parke Bancorp, Inc. went from $1,129,000 to $1,453,000 a change of 28.7% quarter to quarter. As of the end of the quarter Ubs Group Ag had bought 16 shares growing its position 10.0%. The value in dollars increased from $3,000 to $4,000 a change of $1,000 since the last quarter.
As of the end of the quarter State Of New Jersey Common Pension Fund D had acquired a total of 11,424 shares growing its stake by 10.0%. The value of the investment in (PKBK) went from $2,439,000 to $2,815,000 increasing 15.4% for the reporting period. As of the end of the quarter Jbf Capital, Inc. had acquired a total of 3,987 shares growing its position 43.3%. The value of the total investment in Parke Bancorp, Inc. increased from $197,000 to $296,000 increasing 50.3% quarter over quarter.
The company is down from yesterday’s close of 19.3. Additionally the company recently announced a dividend paid on Friday the 28th of July 2017. The dividend was $0.120 per share for the quarter or $0.48 on an annualized basis. This dividend amount represented a yield of $2.49. The ex-dividend date was Wednesday the 12th of July 2017.
It is currently trading at $19.20 marginally under $19.25, the stock’s 50 day moving average and which is a tad under the 200 day moving average of $20.40. The 50 day moving average was down by -0.26% and the 200 day average went down by -5.90%.
The company’s P/E ratio is 13.22 and market capitalization is 147.30M.
Parke Bancorp, Inc., launched on January 1, 2005, is a bank holding company 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 products and services, the Bank offers contemporary products and services, 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..