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

Posted by Hayley Millar on Oct 2nd, 2024

Parke Bancorp, Inc. (NASDAQ:PKBK – Get Free Report) declared a quarterly dividend on Tuesday, September 17th, Zacks reports. Stockholders of record on Friday, October 4th will be given a dividend of 0.18 per share by the bank on Friday, October 18th. This represents a $0.72 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, October 4th.

Parke Bancorp has increased its dividend by an average of 4.8% annually over the last three years and has increased its dividend annually for the last 9 consecutive years.

Parke Bancorp Price Performance

Shares of NASDAQ:PKBK opened at $20.84 on Wednesday. The company’s fifty day moving average is $19.88 and its two-hundred day moving average is $17.72. The company has a market cap of $249.66 million, a P/E ratio of 10.88 and a beta of 0.69. Parke Bancorp has a 12-month low of $15.16 and a 12-month high of $22.00. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.75.

Parke Bancorp (NASDAQ:PKBK – Get Free Report) last posted its quarterly earnings results on Friday, July 19th. The bank reported $0.53 earnings per share for the quarter. Parke Bancorp had a return on equity of 10.19% and a net margin of 17.49%. The firm had revenue of $31.39 million for the quarter.

Insider Buying and Selling

In other Parke Bancorp news, COO Ralph Martin Gallo sold 7,700 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $19.63, for a total value of $151,151.00. Following the transaction, the chief operating officer now owns 404 shares in the company, valued at approximately $7,930.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 15.33% of the stock is currently owned by corporate insiders.

Parke Bancorp Company Profile

(Get Free Report)

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.