Arret F. Dobson, a director at Parke Bancorp, Inc. (NASDAQ:PKBK), sold 11,000 shares of common stock on May 27, 2026, according to an SEC filing.
The shares were sold at $31.61 each, totaling $347,710. The stock trades near its 52-week high of $32.09, following a strong 64% return over the past year.
The sale followed an exercise of stock options on the same day, where Dobson acquired 13,500 shares at an exercise price of $12.29 per share.
After these transactions, Dobson directly holds 108,143 shares. He also holds derivative securities, including options to purchase 12,375 shares at $20.14 expiring August 2028, and options for 5,000 shares at $21.66 expiring June 2032. Additionally, he holds 2,500 restricted stock units vesting 20% per year over 5 years.
According to Bond.az analysis, the stock currently appears overvalued with a market cap of $366 million.
In other recent news, Parke Bancorp announced a quarterly cash dividend of $0.18 per share, payable April 17, 2026, and a stock repurchase program for up to 5% of common stock.
At the annual meeting, shareholders elected three directors: Vito S. Pantilione, Dr. Edward Infantolino, and Elizabeth A. Milavsky.
