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

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 raised its dividend by an average of 0.1%annually over the last three years.

Parke Bancorp Stock Performance

Shares of NASDAQ:PKBK traded down $0.07 during midday trading on Thursday, reaching $25.32. The company’s stock had a trading volume of 8,267 shares, compared to its average volume of 25,273. The firm has a market capitalization of $293.71 million, a PE ratio of 8.92 and a beta of 0.53. Parke Bancorp has a twelve month low of $16.94 and a twelve month high of $25.76. The stock has a fifty day moving average of $22.28 and a 200 day moving average of $21.56. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

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

Insider Activity

In other news, Director Daniel J. Dalton sold 7,500 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $25.12, for a total transaction of $188,400.00. Following the sale, the director directly owned 10,000 shares in the company, valued at $251,200. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Parke Bancorp

Large investors have recently bought and sold shares of the business. Fourthstone LLC lifted its position in shares of Parke Bancorp by 243.3% during the 2nd quarter. Fourthstone LLC now owns 200,838 shares of the bank’s stock valued at $4,091,000 after buying an additional 142,334 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Parke Bancorp by 228.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,700 shares of the bank’s stock worth $1,991,000 after acquiring an additional 73,505 shares in the last quarter. Nuveen LLC acquired a new position in Parke Bancorp during the first quarter worth $571,000. Strs Ohio purchased a new position in Parke Bancorp during the first quarter valued at $494,000. Finally, Citadel Advisors LLC purchased a new position in Parke Bancorp during the third quarter valued at $532,000. Institutional investors and hedge funds own 49.69% of the company’s stock.

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.