Parke Bancorp, Inc. (PKBK) Plans $0.12 Quarterly Dividend
Parke Bancorp, Inc. (NASDAQ:PKBK) declared a quarterly dividend on Thursday, December 21st, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.12 per share by the bank on Friday, January 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Thursday, January 11th.
Parke Bancorp (NASDAQ:PKBK) traded up $0.10 during midday trading on Thursday, hitting $21.00. The stock had a trading volume of 1,200 shares, compared to its average volume of 15,732. The company has a market cap of $160.35, a PE ratio of 14.11 and a beta of 0.59. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.18 and a quick ratio of 1.18. Parke Bancorp has a 12-month low of $17.88 and a 12-month high of $23.95.
Parke Bancorp (NASDAQ:PKBK) last released its quarterly earnings results on Monday, October 23rd. The bank reported $0.42 earnings per share for the quarter. The firm had revenue of $10.71 million for the quarter. Parke Bancorp had a return on equity of 13.19% and a net margin of 30.47%.
Separately, ValuEngine cut Parke Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
In other news, Director Jeffrey H. Kripitz sold 7,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $21.98, for a total value of $153,860.00. Following the completion of the sale, the director now directly owns 201,949 shares in the company, valued at approximately $4,438,839.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack C. Sheppard, Jr. sold 1,800 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $19.47, for a total value of $35,046.00. The disclosure for this sale can be found here. Insiders have sold a total of 18,800 shares of company stock worth $409,006 over the last three months. Insiders own 26.05% of the company’s stock.
Large investors have recently bought and sold shares of the company. State Street Corp purchased a new stake in shares of Parke Bancorp in the 2nd quarter worth $1,157,000. California State Teachers Retirement System purchased a new stake in Parke Bancorp in the 2nd quarter worth $226,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Parke Bancorp in the 2nd quarter worth $150,000. Hedge funds and other institutional investors own 24.88% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Parke Bancorp, Inc. (PKBK) Plans $0.12 Quarterly Dividend” was reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.watchlistnews.com/parke-bancorp-inc-pkbk-plans-0-12-quarterly-dividend/1776662.html.
Parke Bancorp Company Profile
Parke Bancorp, Inc is a bank holding company of Parke Bank (the Bank). The Bank is a full commercial service bank, with focus on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Cape May Counties in New Jersey and the Philadelphia area in Pennsylvania.
Receive News & Ratings for Parke Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parke Bancorp and related companies with Analyst Ratings Network's FREE daily email newsletter.