Parke Bancorp, Inc. (PKBK) To Go Ex-Dividend on October 4th

Parke Bancorp, Inc. (NASDAQ:PKBK) announced a quarterly dividend on Tuesday, September 17th, 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 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, October 4th.

Parke Bancorp has increased 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 Performance

Shares of PKBK opened at $20.84 on Wednesday. The firm has a market capitalization of $249.66 million, a PE ratio of 10.88 and a beta of 0.69. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $19.88 and a 200 day moving average price of $17.72. Parke Bancorp has a 52-week low of $15.16 and a 52-week high of $22.00.

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

Insider Transactions at Parke Bancorp

In related news, COO Ralph Martin Gallo sold 7,700 shares of the firm’s stock in a transaction dated 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 $7,930.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 15.33% of the company’s stock.

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.