Parke Bancorp (NASDAQ:PKBK – Get Free Report) released its earnings results on Friday. The bank reported $0.61 earnings per share for the quarter, Zacks reports. Parke Bancorp had a return on equity of 9.75% and a net margin of 22.32%.
Parke Bancorp Stock Up 1.1 %
Shares of NASDAQ PKBK opened at $20.00 on Friday. Parke Bancorp has a 52-week low of $15.24 and a 52-week high of $24.29. The firm has a market capitalization of $237.80 million, a price-to-earnings ratio of 8.58 and a beta of 0.73. The stock has a 50 day moving average price of $21.39 and a 200 day moving average price of $20.65. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.27 and a current ratio of 1.27.
Parke Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Friday, January 3rd. Parke Bancorp’s dividend payout ratio is presently 30.90%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Parke Bancorp
Insiders Place Their Bets
In related news, Director Jeffrey H. Kripitz sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $22.77, for a total value of $227,700.00. Following the completion of the sale, the director now directly owns 73,013 shares of the company’s stock, valued at $1,662,506.01. This represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.33% of the stock is currently owned by company insiders.
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.
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