Parke Bancorp, Inc. (NASDAQ:PKBK) Declares Dividend Increase – $0.20 Per Share

by · The Cerbat Gem

Parke Bancorp, Inc. (NASDAQ:PKBK – Get Free Report) declared a quarterly dividend on Thursday, June 18th. Stockholders of record on Friday, July 3rd will be paid a dividend of 0.20 per share by the bank on Friday, July 17th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a 11.1% increase from Parke Bancorp’s previous quarterly dividend of $0.18.

Parke Bancorp has increased its dividend payment by an average of 0.0%per year over the last three years.

Parke Bancorp Stock Performance

Shares of NASDAQ PKBK traded up $0.45 during mid-day trading on Thursday, hitting $31.86. The company had a trading volume of 132,067 shares, compared to its average volume of 90,110. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.46. Parke Bancorp has a 1 year low of $18.97 and a 1 year high of $32.44. The company has a market capitalization of $373.72 million, a price-to-earnings ratio of 9.10 and a beta of 0.48. The stock’s 50-day moving average price is $30.59 and its 200-day moving average price is $28.02.

Parke Bancorp (NASDAQ:PKBK – Get Free Report) last issued its quarterly earnings data on Friday, April 17th. The bank reported $0.99 earnings per share (EPS) for the quarter. Parke Bancorp had a return on equity of 13.02% and a net margin of 28.04%.The business had revenue of $22.98 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Parke Bancorp in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Get Our Latest Analysis on Parke Bancorp

About Parke Bancorp

(Get Free Report)

Parke Bancorp, Inc is the bank holding company for Parke Bank, a community-oriented financial institution headquartered in Kittanning, Pennsylvania. The company delivers a full range of retail and commercial banking services to individuals, small businesses and agricultural clients through a network of branches and ATMs, supported by secure online and mobile banking platforms.

Its product lineup includes deposit accounts—such as checking, savings, money market accounts and certificates of deposit—alongside a variety of lending solutions.

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