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

Parke Bancorp, Inc. (NASDAQ:PKBK) declared a quarterly dividend on Wednesday, March 25th. Investors of record on Friday, April 3rd will be paid a dividend of 0.18 per share by the bank on Friday, April 17th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, April 2nd.

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

Parke Bancorp Stock Up 0.4%

Shares of PKBK opened at $28.41 on Thursday. The firm has a 50 day simple moving average of $27.67 and a two-hundred day simple moving average of $24.47. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.22 and a quick ratio of 1.22. Parke Bancorp has a one year low of $16.94 and a one year high of $29.50. The company has a market cap of $333.25 million, a P/E ratio of 8.99 and a beta of 0.52.

Parke Bancorp (NASDAQ:PKBK) last issued its earnings results on Thursday, January 22nd. The bank reported $0.93 earnings per share for the quarter. Parke Bancorp had a return on equity of 12.03% and a net margin of 25.86%.The firm had revenue of $22.74 million for the quarter.

About Parke Bancorp

Parke Bancorp, Inc is the bank holding company for Parke Bank, a community-oriented financial institution headquartered in Kittanning, Pennsylvania. The company delivers a full range of retail and commercial banking services to individuals, small businesses and agricultural clients through a network of branches and ATMs, supported by secure online and mobile banking platforms.

Its product lineup includes deposit accounts—such as checking, savings, money market accounts and certificates of deposit—alongside a variety of lending solutions.