Parke Bancorp, Inc. Declares Quarterly Dividend of $0.18 (NASDAQ:PKBK)

Parke Bancorp, Inc. (NASDAQ:PKBK) declared a quarterly dividend on Wednesday, December 18th,RTT News reports. Shareholders of record on Friday, January 3rd will be given a dividend of 0.18 per share by the bank on Friday, January 17th. This represents a $0.72 dividend on an annualized basis and a yield of 3.39%.

Parke Bancorp has raised its dividend by an average of 4.8% annually over the last three years.

Parke Bancorp Stock Down 4.2 %

Shares of NASDAQ PKBK opened at $21.21 on Thursday. The firm has a market cap of $252.08 million, a price-to-earnings ratio of 9.10 and a beta of 0.71. The company’s 50-day simple moving average is $22.23 and its 200-day simple moving average is $19.85. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. Parke Bancorp has a 52-week low of $15.24 and a 52-week high of $24.29.

Parke Bancorp (NASDAQ:PKBK) last posted its quarterly earnings data on Friday, October 18th. The bank reported $0.62 earnings per share (EPS) for the quarter. Parke Bancorp had a return on equity of 9.75% and a net margin of 22.32%. The company had revenue of $15.62 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Parke Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, October 21st.

Insider Activity

In other Parke Bancorp news, Chairman Daniel J. Dalton sold 5,000 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $20.96, for a total transaction of $104,800.00. Following the transaction, the chairman now owns 71,319 shares of the company’s stock, valued at approximately $1,494,846.24. The trade was a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey H. Kripitz sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $22.77, for a total value of $227,700.00. Following the completion of the sale, the director now directly owns 73,013 shares of the company’s stock, valued at $1,662,506.01. This trade represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.52% of the company’s stock.

Parke Bancorp Company Profile

Parke Bancorp, Inc operates as the bank holding company for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses. The company offers various deposit products, including checking, savings, time, money market, and individual retirement accounts, as well as certificates of deposit.