Parke Bancorp, Inc. (PKBK) to Distribute Quarterly Dividend of $0.20 on July 17th

Parke Bancorp, Inc. (NASDAQ:PKBK) declared a quarterly dividend on Tuesday, June 16th. Shareholders of record on Friday, July 3rd will be given a dividend of 0.20 per share by the bank on Friday, July 17th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a 11.1% increase from Parke Bancorp’s previous quarterly dividend of $0.18.

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

Parke Bancorp Price Performance

NASDAQ PKBK opened at $33.19 on Tuesday. The firm’s 50 day moving average is $31.08 and its 200-day moving average is $28.51. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $389.35 million, a PE ratio of 9.48 and a beta of 0.48. Parke Bancorp has a 12-month low of $19.71 and a 12-month high of $33.26.

Parke Bancorp (NASDAQ:PKBK) last announced its earnings results on Friday, April 17th. The bank reported $0.99 EPS for the quarter. Parke Bancorp had a net margin of 28.04% and a return on equity of 13.02%. The business had revenue of $22.98 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Parke Bancorp in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Parke Bancorp presently has a consensus rating of “Buy”.

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.