What Will Happen to Parke Bancorp Inc (NASDAQ:PKBK) Next? The Stock Has Decline in Shorts

August 10, 2018 - By Mona Holcomb

Parke Bancorp, Inc. (NASDAQ:PKBK) Logo

Investors sentiment decreased to 1.22 in 2018 Q1. Its down 1.28, from 2.5 in 2017Q4. It dived, as 2 investors sold Parke Bancorp, Inc. shares while 16 reduced holdings. 8 funds opened positions while 14 raised stakes. 2.14 million shares or 11.46% more from 1.92 million shares in 2017Q4 were reported.
Jbf Cap Inc holds 13,197 shares or 0.04% of its portfolio. 49,586 are owned by Lsv Asset Mgmt. Basswood Capital Ltd Llc has 7,000 shares. Vanguard Gru Inc stated it has 0% in Parke Bancorp, Inc. (NASDAQ:PKBK). Moreover, Axa has 0% invested in Parke Bancorp, Inc. (NASDAQ:PKBK) for 31,496 shares. Earnest Limited Co, Georgia-based fund reported 1,225 shares. Geode Cap Management Ltd Com accumulated 21,612 shares. Ejf Capital Lc owns 165,000 shares or 0.28% of their US portfolio. Bessemer Gru reported 1,700 shares. Private Advisor Gp Ltd Co holds 0.01% in Parke Bancorp, Inc. (NASDAQ:PKBK) or 13,708 shares. Dimensional Fund Advsrs Limited Partnership has invested 0% in Parke Bancorp, Inc. (NASDAQ:PKBK). Northern Tru Corp has invested 0% in Parke Bancorp, Inc. (NASDAQ:PKBK). Strs Ohio holds 0% or 13,700 shares. Morgan Stanley invested 0% in Parke Bancorp, Inc. (NASDAQ:PKBK). Bnp Paribas Arbitrage Sa invested 0% in Parke Bancorp, Inc. (NASDAQ:PKBK).

Since March 6, 2018, it had 3 insider purchases, and 5 selling transactions for $474,600 activity. $5,161 worth of Parke Bancorp, Inc. (NASDAQ:PKBK) was bought by DOBSON ARRET F. KRIPITZ JEFFREY H sold $94,480 worth of stock. DALTON DANIEL J had sold 5,000 shares worth $120,027. Shares for $61,500 were sold by MIDDLEBROOK DAVID O on Monday, March 12.

The stock of Parke Bancorp Inc (NASDAQ:PKBK) registered a decrease of 17.66% in short interest. PKBK’s total short interest was 40,100 shares in August as published by FINRA. Its down 17.66% from 48,700 shares, reported previously. With 20,200 shares average volume, it will take short sellers 2 days to cover their PKBK’s short positions. The short interest to Parke Bancorp Inc’s float is 0.68%.

The stock increased 0.43% or $0.1 during the last trading session, reaching $23.6. About 16,573 shares traded. Parke Bancorp, Inc. (NASDAQ:PKBK) has risen 15.47% since August 10, 2017 and is uptrending. It has outperformed by 2.90% the S&P500.

Parke Bancorp, Inc. operates as the bank holding firm for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses. The company has market cap of $208.31 million. The firm offers various deposit products, including checking, savings, money market, and individual retirement accounts, as well as certificates of deposit. It has a 14.97 P/E ratio. The Company’s loan portfolio comprises residential and commercial real estate construction loans; working capital loans and lines of credit; demand, term, and time loans; equipment, inventory, and accounts receivable financing; and residential mortgage loans, home equity lines of credit, fixed rate second mortgages, new and used auto loans, and overdraft protection products.

Parke Bancorp, Inc. (NASDAQ:PKBK) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: