Parke Bancorp (NASDAQ:PKBK) Issues Earnings Results

Parke Bancorp (NASDAQ:PKBK) released its quarterly earnings results on Friday. The bank reported $0.61 earnings per share for the quarter, Zacks reports. Parke Bancorp had a return on equity of 9.75% and a net margin of 22.32%.

Parke Bancorp Stock Up 1.1 %

Shares of NASDAQ:PKBK opened at $20.00 on Friday. The company has a market cap of $237.80 million, a price-to-earnings ratio of 8.58 and a beta of 0.73. Parke Bancorp has a 12 month low of $15.24 and a 12 month high of $24.29. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $21.39 and a 200 day moving average price of $20.65.

Parke Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.60%. Parke Bancorp’s dividend payout ratio (DPR) is presently 30.90%.

Insiders Place Their Bets

In other news, Director Jeffrey H. Kripitz sold 10,000 shares of the firm’s stock in a transaction that occurred 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.33% of the stock is currently owned by insiders.

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.

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.