Parke Bancorp Inc (NASDAQ: PKBK) reported an insider purchase by its president and chief executive officer, Vito S. Pantilione, who acquired 600 shares of the company's common stock on February 27, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The shares were purchased at $28.50 each, for a total consideration of $17,100.
The purchase raises Pantilione's directly held position in Parke Bancorp and is recorded alongside a detailed breakdown of his broader ownership. Following this transaction, he is listed as directly owning 236,129 shares of common stock. Additional holdings disclosed include 17,942 shares held indirectly in a trust, 43,958 shares in an IRA, 2,225 shares held by a spouse, and 15,640 shares in a 401(k).
Equity awards and rights-to-buy
Pantilione's reported equity interests also encompass several option grants and restricted stock units. He holds 13,200 stock option rights-to-buy with an exercise price of $20.14 that expire on 2028-08-22, and 22,500 stock option rights-to-buy with an exercise price of $12.29 that expire on 2030-04-24. In addition, he has 2,500 restricted stock units expiring on 2035-10-21. Each restricted stock unit converts into one share upon vesting at a rate of 20% per year over five years.
Dividend declaration and board intent
In other company disclosures, Parke Bancorp announced a quarterly cash dividend of $0.18 per share. The dividend is payable to shareholders of record as of January 2, 2026, with a scheduled payment date of January 16, 2026. The board has stated its intent to continue distributing quarterly cash dividends, while noting that future payments will be dependent on factors including the financial condition of the company and its banking subsidiary and any applicable legal or regulatory limitations.
Market context and valuation notes
The insider purchase occurred as PKBK shares were trading near their 52-week high. The company’s reported price-to-earnings ratio is 8.89. InvestingPro analysis cited in the filing indicates the stock is currently considered overvalued relative to its Fair Value. Over the past six months the stock has returned approximately 27%.
Additional services noted in the filing
The filing references InvestingPro and ProPicks AI services that evaluate companies and generate stock ideas using a range of financial metrics and model outputs. The text highlights that ProPicks AI assesses fundamentals, momentum, and valuation and notes examples of past model outcomes, while offering readers the opportunity to see whether PKBK appears in any current strategies.
No further commentary or forward-looking statements were provided in the Form 4 filing beyond the disclosed holdings, awards, and corporate dividend action.