Parke Bancorp, Inc. (PKBK) To Go Ex-Dividend on January 3rd

Parke Bancorp, Inc. (NASDAQ:PKBK) declared a quarterly dividend on Wednesday, December 18th,RTT News reports. Shareholders of record on Friday, January 3rd will be paid 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 3.45%. The ex-dividend date is Friday, January 3rd.

Parke Bancorp has raised its dividend by an average of 4.8% per year over the last three years.

Parke Bancorp Price Performance

PKBK stock opened at $20.84 on Friday. The stock has a market cap of $247.68 million, a PE ratio of 8.94 and a beta of 0.71. The stock has a 50-day moving average price of $22.25 and a two-hundred day moving average price of $19.85. Parke Bancorp has a 1 year low of $15.24 and a 1 year high of $24.29. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.64.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Parke Bancorp

In related news, Director Jeffrey H. Kripitz sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 73,013 shares of the company’s stock, valued at $1,662,506.01. The trade was a 12.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Daniel J. Dalton sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $20.96, for a total value of $104,800.00. Following the completion of the transaction, the chairman now owns 71,319 shares in the company, valued at approximately $1,494,846.24. The trade was a 6.55 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.52% of the company’s stock.

About Parke Bancorp

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.