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

Parke Bancorp, Inc. (NASDAQ:PKBK) announced a quarterly dividend on Tuesday, December 16th. Stockholders of record on Friday, January 2nd will be given a dividend of 0.18 per share by the bank on Friday, January 16th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, January 2nd.

Parke Bancorp has increased its dividend by an average of 0.1%annually over the last three years.

Parke Bancorp Trading Up 0.2%

Parke Bancorp stock traded up $0.06 during trading hours on Thursday, reaching $25.45. 1,897 shares of the company’s stock traded hands, compared to its average volume of 25,268. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $295.16 million, a price-to-earnings ratio of 8.96 and a beta of 0.53. The firm’s 50 day moving average is $22.28 and its 200-day moving average is $21.56. Parke Bancorp has a fifty-two week low of $16.94 and a fifty-two week high of $25.76.

Parke Bancorp (NASDAQ:PKBK) last issued its quarterly earnings data on Wednesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter. Parke Bancorp had a return on equity of 11.07% and a net margin of 23.95%.The business had revenue of $21.01 million during the quarter.

About Parke Bancorp

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.