Parke Bancorp, Inc. (PKBK) To Go Ex-Dividend on July 5th

Parke Bancorp, Inc. (NASDAQ:PKBK) declared a quarterly dividend on Thursday, June 20th, Zacks reports. Shareholders of record on Friday, July 5th will be paid a dividend of 0.18 per share by the bank on Friday, July 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date is Friday, July 5th.

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 Stock Up 1.0 %

Shares of NASDAQ PKBK opened at $15.65 on Friday. The stock has a market capitalization of $187.17 million, a price-to-earnings ratio of 8.11 and a beta of 0.74. Parke Bancorp has a 12-month low of $15.16 and a 12-month high of $20.87. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average price is $16.29 and its 200-day moving average price is $17.32.

Parke Bancorp (NASDAQ:PKBK) last issued its quarterly earnings data on Friday, April 19th. The bank reported $0.51 earnings per share (EPS) for the quarter. The business had revenue of $15.12 million for the quarter. Parke Bancorp had a return on equity of 10.91% and a net margin of 19.22%.

Insider Buying and Selling

In other news, Director Jeffrey H. Kripitz sold 6,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $16.95, for a total value of $101,700.00. Following the sale, the director now owns 87,013 shares of the company’s stock, valued at $1,474,870.35. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 15.33% of the stock is owned by corporate insiders.

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.