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

Posted by Don Miller on Jul 3rd, 2024

Parke Bancorp, Inc. (NASDAQ:PKBK – Get Free Report) announced a quarterly dividend on Thursday, June 20th, Zacks reports. Stockholders of record on Friday, July 5th will be paid a dividend of 0.18 per share by the bank on Friday, July 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Friday, July 5th.

Parke Bancorp has raised its dividend payment by an average of 4.8% annually over the last three years and has raised its dividend annually for the last 9 consecutive years.

Parke Bancorp Stock Performance

Shares of NASDAQ:PKBK opened at $16.18 on Wednesday. Parke Bancorp has a 1 year low of $15.16 and a 1 year high of $20.87. The stock has a market capitalization of $193.51 million, a price-to-earnings ratio of 8.38 and a beta of 0.70. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.23 and a quick ratio of 1.23. The company’s 50 day simple moving average is $16.28 and its 200 day simple moving average is $17.18.

Parke Bancorp (NASDAQ:PKBK – Get Free Report) last issued its quarterly earnings results on Friday, April 19th. The bank reported $0.51 earnings per share (EPS) for the quarter. Parke Bancorp had a return on equity of 10.91% and a net margin of 19.22%. The company had revenue of $15.12 million for the quarter.

Insider Buying and Selling at Parke Bancorp

In other Parke Bancorp news, Director Jeffrey H. Kripitz sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $16.95, for a total value of $101,700.00. Following the sale, the director now owns 87,013 shares in the company, valued at $1,474,870.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.52% of the company’s stock.

Parke Bancorp Company Profile

(Get Free Report)

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.