Gold prices briefly hit record high over $3,500/oz on fiscal, tariff concerns
Parke Bancorp , Inc. (NASDAQ:PKBK) President and CEO Vito S. Pantilione reported purchasing shares of the company’s stock on July 31, 2025. Pantilione acquired 1100 shares through two transactions at a price of $20.89, totaling $22979. The purchase comes as the $260 million market cap bank trades at an attractive P/E ratio of 8.4, according to InvestingPro data.
The transactions involved the purchase of 500 shares directly and 600 indirectly through an Individual Trust Fund (ITF). Following these transactions, Pantilione directly owns 227,760 shares and indirectly owns 16,142 shares through the ITF. The stock currently trades at $21.94, up 5% from the CEO’s purchase price.
Pantilione also indirectly owns 43,958 shares through an IRA, 2,225 shares held by a spouse, and 15,640 shares through a 401K plan. The bank has maintained dividend payments for 12 consecutive years, currently offering a 3.4% yield.
In other recent news, Parke Bancorp, Inc. announced a quarterly cash dividend of $0.18 per share. This dividend is set to be paid on July 18, 2025, to stockholders who are recorded as of July 3, 2025. The company has indicated its intention to continue these quarterly cash dividends. However, Parke Bancorp noted that future dividend payments are subject to board determination and could be adjusted or eliminated based on the company’s financial condition and regulatory requirements.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.