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

Parke Bancorp, Inc. (NASDAQ:PKBK) announced a quarterly dividend on Wednesday, September 18th, Zacks reports. Stockholders of record on Friday, October 4th will be given a dividend of 0.18 per share by the bank on Friday, October 18th. This represents a $0.72 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, October 4th.

Parke Bancorp has raised its dividend payment by an average of 4.8% annually over the last three years and has increased its dividend annually for the last 9 consecutive years.

Parke Bancorp Stock Up 1.1 %

Parke Bancorp stock opened at $21.68 on Friday. The company has a market capitalization of $259.36 million, a PE ratio of 11.23 and a beta of 0.69. The firm’s fifty day moving average is $19.53 and its 200 day moving average is $17.49. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.75. Parke Bancorp has a 12-month low of $15.16 and a 12-month high of $22.00.

Parke Bancorp (NASDAQ:PKBK) last announced its earnings results on Friday, July 19th. The bank reported $0.53 earnings per share (EPS) for the quarter. Parke Bancorp had a return on equity of 10.19% and a net margin of 17.49%. The company had revenue of $31.39 million for the quarter.

Insider Buying and Selling at Parke Bancorp

In other news, COO Ralph Martin Gallo sold 7,700 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $19.63, for a total value of $151,151.00. Following the completion of the transaction, the chief operating officer now directly owns 404 shares in the company, valued at $7,930.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 15.33% of the company’s stock.

About Parke Bancorp

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.