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

Parke Bancorp, Inc. (NASDAQ:PKBK) declared a quarterly dividend on Wednesday, September 18th, Zacks reports. Investors of record on Friday, October 4th will be paid 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 3.32%. The ex-dividend date is Friday, October 4th.

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

Parke Bancorp Stock Up 1.1 %

Parke Bancorp stock opened at $21.68 on Friday. Parke Bancorp has a 1-year low of $15.16 and a 1-year high of $22.00. The company has a market cap of $259.36 million, a P/E ratio of 11.23 and a beta of 0.69. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.75. The company has a fifty day simple moving average of $19.53 and a 200 day simple moving average of $17.49.

Parke Bancorp (NASDAQ:PKBK) last announced its earnings results on Friday, July 19th. The bank reported $0.53 EPS for the quarter. The business had revenue of $31.39 million during the quarter. Parke Bancorp had a net margin of 17.49% and a return on equity of 10.19%.

Insider Activity at Parke Bancorp

In other news, COO Ralph Martin Gallo sold 7,700 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $19.63, for a total transaction of $151,151.00. Following the completion of the transaction, the chief operating officer now owns 404 shares of the company’s stock, valued at approximately $7,930.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 15.33% of the stock is owned by insiders.

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.