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

Key Points

• Parke Bancorp, Inc. has declared a quarterly dividend of $0.18 per share, which will be distributed to stockholders on October 17th for those on record by October 3rd, resulting in a 3.2% annual dividend yield.
• The company reported a net income margin of 22.44% and a return on equity of 10.21% in its latest earnings release on July 16th, with earnings per share at $0.69.
• Wall Street Zen has downgraded Parke Bancorp from a "buy" rating to a "hold" rating, indicating a cautious outlook for the stock's performance.

Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) declared a quarterly dividend on Tuesday, September 16th, RTT News reports. Shareholders of record on Friday, October 3rd will be given a dividend of 0.18 per share by the bank on Friday, October 17th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, October 3rd.

Parke Bancorp Stock Down 2.1%

Shares of Parke Bancorp stock traded down $0.47 on Friday, reaching $22.06. The stock had a trading volume of 106,728 shares, compared to its average volume of 35,814. The company has a 50 day moving average price of $21.76 and a 200 day moving average price of $20.11. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.46. Parke Bancorp has a 1 year low of $16.94 and a 1 year high of $24.29. The stock has a market capitalization of $261.41 million, a P/E ratio of 8.58 and a beta of 0.64.

Parke Bancorp (NASDAQ:PKBK - Get Free Report) last released its earnings results on Wednesday, July 16th. The bank reported $0.69 earnings per share for the quarter. Parke Bancorp had a net margin of 22.44% and a return on equity of 10.21%. The company had revenue of $18.69 million for the quarter.

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.