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

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

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

Parke Bancorp Stock Performance

NASDAQ PKBK opened at $21.21 on Thursday. The stock has a fifty day simple moving average of $22.23 and a 200-day simple moving average of $19.85. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.64. The stock has a market cap of $252.08 million, a PE ratio of 9.10 and a beta of 0.71. Parke Bancorp has a twelve month low of $15.24 and a twelve month high of $24.29.

Parke Bancorp (NASDAQ:PKBK) last posted its earnings results on Friday, October 18th. The bank reported $0.62 earnings per share for the quarter. Parke Bancorp had a net margin of 22.32% and a return on equity of 9.75%. The firm had revenue of $15.62 million during the quarter.

Analyst Ratings Changes

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

Insider Activity

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