Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) declared a quarterly dividend on Monday, June 23rd, Wall Street Journal reports. Investors of record on Thursday, July 3rd will be given a dividend of 0.18 per share by the bank on Friday, July 18th. This represents a $0.72 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Thursday, July 3rd.
Parke Bancorp Price Performance
NASDAQ PKBK traded up $0.38 during trading hours on Monday, hitting $19.83. 21,015 shares of the company's stock traded hands, compared to its average volume of 23,572. The company has a market capitalization of $234.79 million, a PE ratio of 8.23 and a beta of 0.58. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 1.24. Parke Bancorp has a 52-week low of $15.43 and a 52-week high of $24.29. The firm's 50-day moving average is $19.17 and its 200-day moving average is $19.53.
Parke Bancorp (NASDAQ:PKBK - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter. Parke Bancorp had a return on equity of 9.76% and a net margin of 21.82%. The business had revenue of $17.43 million during the quarter.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of PKBK. Jane Street Group LLC acquired a new position in shares of Parke Bancorp in the 1st quarter worth approximately $229,000. Empowered Funds LLC raised its position in Parke Bancorp by 3.4% in the first quarter. Empowered Funds LLC now owns 49,443 shares of the bank's stock valued at $932,000 after purchasing an additional 1,644 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Parke Bancorp by 228.3% in the first quarter. Goldman Sachs Group Inc. now owns 105,700 shares of the bank's stock valued at $1,991,000 after purchasing an additional 73,505 shares during the period. Hedge funds and other institutional investors own 49.69% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of Parke Bancorp from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th.
Get Our Latest Stock Analysis on Parke Bancorp
About Parke Bancorp
(
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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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