Parke Bancorp (NASDAQ:PKBK) Announces Earnings Results

Parke Bancorp (NASDAQ:PKBK) announced its quarterly earnings data on Thursday. The bank reported $0.65 earnings per share for the quarter, Zacks reports. Parke Bancorp had a return on equity of 9.41% and a net margin of 21.25%.

Parke Bancorp Trading Up 2.3 %

Parke Bancorp stock opened at $17.54 on Friday. 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 has a 1 year low of $15.24 and a 1 year high of $24.29. The firm’s 50-day moving average is $18.79 and its 200-day moving average is $20.39. The company has a market cap of $207.73 million, a P/E ratio of 7.73 and a beta of 0.56.

Parke Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, April 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.10%. Parke Bancorp’s dividend payout ratio (DPR) is 31.72%.

Insider Buying and Selling

In other Parke Bancorp news, Director Jeffrey H. Kripitz sold 6,101 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $20.12, for a total value of $122,752.12. Following the sale, the director now directly owns 54,353 shares of the company’s stock, valued at $1,093,582.36. This trade represents a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 7,160 shares of company stock worth $143,947 over the last quarter. 15.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.