Parke Bancorp (NASDAQ:PKBK) Announces Quarterly Earnings Results

by · The Cerbat Gem

Parke Bancorp (NASDAQ:PKBK – Get Free Report) released its quarterly earnings results on Thursday. The bank reported $0.65 EPS for the quarter, Zacks reports. Parke Bancorp had a return on equity of 9.41% and a net margin of 21.25%.

Parke Bancorp Stock Up 2.3 %

NASDAQ PKBK traded up $0.39 on Thursday, reaching $17.54. The company had a trading volume of 20,571 shares, compared to its average volume of 24,526. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. The company’s fifty day moving average is $18.83 and its 200 day moving average is $20.41. Parke Bancorp has a 52-week low of $14.50 and a 52-week high of $24.29. The stock has a market capitalization of $207.73 million, a P/E ratio of 7.73 and a beta of 0.56.

Parke Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.72 annualized dividend and a dividend yield of 4.10%. Parke Bancorp’s payout ratio is 31.72%.

Insider Transactions at Parke Bancorp

In other Parke Bancorp news, Director Jeffrey H. Kripitz sold 6,101 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $20.12, for a total value of $122,752.12. Following the completion of the sale, the director now directly owns 54,353 shares of the company’s stock, valued at approximately $1,093,582.36. This represents a 10.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 7,160 shares of company stock worth $143,947 in the last quarter. 15.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Parke Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, March 28th.

Check Out Our Latest Stock Analysis on Parke Bancorp

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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