Parke Bancorp, Inc. (NASDAQ:PKBK) Plans $0.20 Quarterly Dividend

Parke Bancorp, Inc. (NASDAQ:PKBK) announced a quarterly dividend on Tuesday, September 22nd. Investors of record on Friday, October 2nd will be paid a dividend of 0.20 per share by the bank on Friday, October 16th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 2nd.

Parke Bancorp has increased its dividend payment by an average of 0.0%annually over the last three years.

Parke Bancorp Stock Performance

Parke Bancorp stock traded down $0.26 during midday trading on Wednesday, reaching $33.68. 216 shares of the company’s stock were exchanged, compared to its average volume of 77,212. The stock’s 50-day simple moving average is $34.04 and its 200 day simple moving average is $31.64. The firm has a market cap of $396.03 million, a price-to-earnings ratio of 8.78 and a beta of 0.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.25 and a current ratio of 1.25. Parke Bancorp has a 52 week low of $19.71 and a 52 week high of $35.70.

Parke Bancorp (NASDAQ:PKBK) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.03 earnings per share (EPS) for the quarter. Parke Bancorp had a net margin of 29.99% and a return on equity of 13.88%. The firm had revenue of $23.89 million during the quarter.

About Parke Bancorp

Parke Bancorp, Inc is the bank holding company for Parke Bank, a community-focused financial institution headquartered in Washington Township, New Jersey. The bank serves individuals, families, businesses and organizations in southern New Jersey and the greater Philadelphia area.

Parke Bank provides a range of traditional banking products and services, including consumer and business deposit accounts, residential and commercial real estate lending, construction loans, commercial and industrial loans, and other business financing.