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

Parke Bancorp, Inc. (NASDAQ:PKBK) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Stockholders of record on Friday, April 4th will be paid a dividend of 0.18 per share by the bank on Friday, April 18th. This represents a $0.72 annualized dividend and a dividend yield of 3.88%.

Parke Bancorp has raised its dividend by an average of 4.0% per year over the last three years.

Parke Bancorp Stock Up 0.5 %

Shares of PKBK traded up $0.09 during mid-day trading on Wednesday, hitting $18.54. 71,856 shares of the company’s stock were exchanged, compared to its average volume of 23,166. The company has a market cap of $219.57 million, a PE ratio of 8.17 and a beta of 0.73. Parke Bancorp has a 52 week low of $15.24 and a 52 week high of $24.29. The company has a 50-day simple moving average of $19.56 and a 200 day simple moving average of $20.80. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 1.27.

Parke Bancorp (NASDAQ:PKBK) last issued its quarterly earnings results on Friday, January 24th. The bank reported $0.61 earnings per share for the quarter. Parke Bancorp had a net margin of 21.25% and a return on equity of 9.41%.

Insider Activity at Parke Bancorp

In other Parke Bancorp news, Director Jeffrey H. Kripitz sold 6,101 shares of Parke Bancorp stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $20.12, for a total transaction of $122,752.12. Following the completion of the transaction, the director now directly owns 54,353 shares of the company’s stock, valued at $1,093,582.36. The trade was a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 7,160 shares of company stock valued at $143,947. 15.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Parke Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, January 27th.

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.