Parke Bancorp (NASDAQ:PKBK) President and Chief Executive Officer Vito S. Pantilione reported a personal purchase of 100 shares of the company's common stock on March 9, 2026. The shares were acquired at $26.995 each, for a total outlay of $2,699.
At the time of the filing, Parke Bancorp shares were trading at $27.35, a level described as near the 52-week high of $29.50. The stock has appreciated roughly 55% over the past year, according to the details disclosed alongside the transaction.
Following this acquisition, Pantilione's direct ownership in the company stands at 236,229 shares. His indirect holdings include 17,942 shares held through an ITF, 43,958 shares in an IRA, 2,225 shares held by a spouse and 15,640 shares in a 401K. In addition to outright shares, Pantilione holds several equity-linked instruments: options to purchase 13,200 shares at an exercise price of $20.14 that expire on August 22, 2028; options to purchase 22,500 shares at an exercise price of $12.29 that expire on April 24, 2030; and 2,500 restricted stock units that will convert into common stock upon vesting.
Market commentary included with the disclosure notes an InvestingPro analysis that currently views the shares as overvalued relative to its Fair Value estimate. The same platform is said to provide six additional ProTips for PKBK, among them observations on the company's dividend track record and its valuation metrics.
Separately, Parke Bancorp announced a quarterly cash dividend of $0.18 per share payable to stockholders of record as of January 2, 2026, with the distribution scheduled for January 16, 2026. The company's board has expressed an intention to continue paying regular quarterly dividends, while also noting that future dividend decisions will depend on factors such as the financial condition of Parke Bancorp and its banking subsidiary, together with applicable legal and regulatory constraints.
Summary
Pantilione purchased 100 shares on March 9, 2026, at $26.995 per share. The CEO's direct holdings now total 236,229 shares, supplemented by various indirect holdings, stock options and restricted stock units. Parke Bancorp declared a $0.18 quarterly dividend with record and payment dates in January 2026. An InvestingPro analysis flags the stock as overvalued versus its Fair Value estimate.
Key details
- Transaction: 100 shares purchased at $26.995 on March 9, 2026, totaling $2,699.
- Ownership: 236,229 direct shares; indirect and retirement-linked holdings totaling the amounts disclosed.
- Dividend: $0.18 per share, record date January 2, 2026, payment date January 16, 2026.
Contextual notes
The company's board reaffirmed a desire to maintain quarterly dividends but tied future payouts to the company and subsidiary financial health as well as legal and regulatory limits. InvestingPro commentary included in the disclosure indicates a valuation gap versus the platform's Fair Value estimate and lists six ProTips on PKBK including notes on dividend history and valuation metrics.