Parke Bancorp, Inc. (NASDAQ:PKBK - Get Free Report) declared a quarterly dividend on Tuesday, June 17th, 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 3.48%. The ex-dividend date of this dividend is Thursday, July 3rd.
Parke Bancorp Stock Up 3.2%
Shares of NASDAQ PKBK traded up $0.64 during midday trading on Thursday, hitting $20.68. 12,365 shares of the stock traded hands, compared to its average volume of 23,548. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.24 and a current ratio of 1.24. Parke Bancorp has a one year low of $15.44 and a one year high of $24.29. The business has a 50 day moving average price of $19.39 and a two-hundred day moving average price of $19.50. The company has a market cap of $244.85 million, a PE ratio of 8.58 and a beta of 0.58.
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. The business had revenue of $17.43 million during the quarter. Parke Bancorp had a net margin of 21.82% and a return on equity of 9.76%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of Parke Bancorp from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th.
Read Our Latest Research Report on Parke Bancorp
Institutional Trading of Parke Bancorp
Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in Parke Bancorp during the first quarter worth about $229,000. Empowered Funds LLC lifted its position in shares of Parke Bancorp by 3.4% during the 1st quarter. Empowered Funds LLC now owns 49,443 shares of the bank's stock worth $932,000 after buying an additional 1,644 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Parke Bancorp by 228.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,700 shares of the bank's stock worth $1,991,000 after buying an additional 73,505 shares during the last quarter. 49.69% of the stock is owned by hedge funds and other institutional investors.
Parke Bancorp Company Profile
(
Get Free Report)
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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