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.

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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.

Dividend History for Parke Bancorp (NASDAQ:PKBK)

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