Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) announced a quarterly dividend on Tuesday, March 18th, RTT News reports. Stockholders of record on Friday, April 4th will be given 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 3.89%. The ex-dividend date is Friday, April 4th.
Parke Bancorp has raised its dividend payment by an average of 4.0% per year over the last three years.
Parke Bancorp Trading Down 1.5 %
Shares of NASDAQ:PKBK traded down $0.28 during trading on Friday, hitting $18.50. The company had a trading volume of 77,684 shares, compared to its average volume of 23,429. The stock has a market cap of $219.10 million, a price-to-earnings ratio of 8.15 and a beta of 0.73. Parke Bancorp has a one year low of $15.24 and a one year high of $24.29. The company has a fifty day simple moving average of $19.52 and a two-hundred day simple moving average of $20.76. 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 - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The bank reported $0.61 earnings per share (EPS) for the quarter. Parke Bancorp had a return on equity of 9.41% and a net margin of 21.25%.
Analyst Ratings Changes
Separately, StockNews.com raised Parke Bancorp from a "hold" rating to a "buy" rating in a research note on Thursday.
View Our Latest Report on PKBK
Insider Buying and Selling
In related news, Director Jeffrey H. Kripitz sold 6,101 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $20.12, for a total transaction of $122,752.12. Following the completion of the sale, the director now directly owns 54,353 shares of the company's stock, valued at approximately $1,093,582.36. This trade represents a 10.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 7,160 shares of company stock valued at $143,947. Insiders own 15.33% of the company's stock.
About Parke Bancorp
(
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.
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