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

Parke Bancorp, Inc. (NASDAQ:PKBK) declared a quarterly dividend on Wednesday, December 18th,RTT News reports. Stockholders 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 dividend yield of 3.39%.

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

Parke Bancorp Trading Down 4.2 %

Shares of PKBK stock traded down $0.93 on Wednesday, reaching $21.21. 46,423 shares of the company’s stock were exchanged, compared to its average volume of 23,525. The company’s fifty day simple moving average is $22.21 and its 200 day simple moving average is $19.84. The stock has a market capitalization of $252.08 million, a PE ratio of 9.10 and a beta of 0.71. The company has a current ratio of 1.27, a quick 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 issued its quarterly earnings data on Friday, October 18th. The bank reported $0.62 EPS for the quarter. Parke Bancorp had a return on equity of 9.75% and a net margin of 22.32%. The firm had revenue of $15.62 million during the quarter.

Wall Street Analyst Weigh In

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

Insider Activity at Parke Bancorp

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

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.