VEREIT, Inc. (VER) At $6.81 Forms Bottom; Parke Bancorp (PKBK) Sellers Decreased By 6.63% Their Shorts

Parke Bancorp, Inc. (NASDAQ:PKBK) Logo

Parke Bancorp Inc (NASDAQ:PKBK) had a decrease of 6.63% in short interest. PKBK’s SI was 50,700 shares in April as released by FINRA. Its down 6.63% from 54,300 shares previously. With 22,700 avg volume, 2 days are for Parke Bancorp Inc (NASDAQ:PKBK)’s short sellers to cover PKBK’s short positions. The SI to Parke Bancorp Inc’s float is 0.86%. The stock increased 3.12% or $0.7 during the last trading session, reaching $23.15. About 13,117 shares traded. Parke Bancorp, Inc. (NASDAQ:PKBK) has risen 3.88% since April 19, 2017 and is uptrending. It has underperformed by 7.67% the S&P500.

VEREIT, Inc. (VER) formed multiple bottom with $6.20 target or 9.00% below today’s $6.81 share price. VEREIT, Inc. (VER) has $6.77B valuation. The stock decreased 1.16% or $0.08 during the last trading session, reaching $6.81. About 4.77M shares traded. VEREIT, Inc. (NYSE:VER) has declined 19.24% since April 19, 2017 and is downtrending. It has underperformed by 30.79% the S&P500.

Investors sentiment increased to 2.5 in Q4 2017. Its up 0.50, from 2 in 2017Q3. It is positive, as 4 investors sold Parke Bancorp, Inc. shares while 6 reduced holdings. 5 funds opened positions while 20 raised stakes. 1.92 million shares or 2.89% more from 1.87 million shares in 2017Q3 were reported. State Of New Jersey Common Pension Fund D stated it has 125,665 shares or 0.01% of all its holdings. California-based Denali Advsrs Limited Liability Company has invested 0% in Parke Bancorp, Inc. (NASDAQ:PKBK). Regions Fincl has 2,125 shares. Citigroup holds 0% or 2,546 shares in its portfolio. California-based Parallax Volatility Advisers L P has invested 0% in Parke Bancorp, Inc. (NASDAQ:PKBK). Jpmorgan Chase Com invested 0% in Parke Bancorp, Inc. (NASDAQ:PKBK). Tiaa Cref Inv Limited Liability Com holds 0% or 14,475 shares. Bnp Paribas Arbitrage Sa holds 0% or 1,689 shares in its portfolio. California Employees Retirement Systems has 10,221 shares. Ameritas Investment Partners Inc invested 0% in Parke Bancorp, Inc. (NASDAQ:PKBK). Renaissance Tech Ltd Liability invested in 0% or 52,656 shares. California State Teachers Retirement has invested 0% in Parke Bancorp, Inc. (NASDAQ:PKBK). Earnest Ltd Liability Co stated it has 0% in Parke Bancorp, Inc. (NASDAQ:PKBK). Dimensional Fund Lp accumulated 31,177 shares. Geode Management Llc stated it has 20,835 shares.

Since October 27, 2017, it had 1 insider buy, and 5 insider sales for $680,284 activity. 3,000 shares were sold by MIDDLEBROOK DAVID O, worth $61,500 on Monday, March 12. Shares for $152,458 were sold by SHEPPARD JACK C JR on Friday, February 2. KRIPITZ JEFFREY H sold $153,830 worth of stock or 7,000 shares. Shares for $220,086 were sold by INFANTOLINO EDWARD on Friday, October 27. 600 shares were bought by PANTILIONE VITO S, worth $12,096.

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 $185.71 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 18.64 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.

Among 7 analysts covering VEREIT Inc (NYSE:VER), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. VEREIT Inc has $9.50 highest and $8.50 lowest target. $9.17’s average target is 34.65% above currents $6.81 stock price. VEREIT Inc had 7 analyst reports since September 1, 2015 according to SRatingsIntel. On Monday, December 21 the stock rating was downgraded by CapitalOne to “Equal Weight”. As per Friday, November 6, the company rating was upgraded by JP Morgan. The stock of VEREIT, Inc. (NYSE:VER) earned “Mkt Outperform” rating by JMP Securities on Monday, January 9. The stock of VEREIT, Inc. (NYSE:VER) has “Overweight” rating given on Friday, August 5 by Capital One. The stock of VEREIT, Inc. (NYSE:VER) has “Buy” rating given on Tuesday, September 1 by Goldman Sachs. Mizuho initiated VEREIT, Inc. (NYSE:VER) on Friday, October 14 with “Neutral” rating. On Thursday, September 17 the stock rating was initiated by DA Davidson with “Neutral”.

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