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

Parke Bancorp, Inc. (NASDAQ:PKBK) announced a quarterly dividend on Wednesday, March 25th. Shareholders of record on Friday, April 3rd will be paid a dividend of 0.18 per share by the bank on Friday, April 17th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, April 2nd.

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

Parke Bancorp Price Performance

Shares of PKBK opened at $28.41 on Thursday. Parke Bancorp has a 12-month low of $16.94 and a 12-month high of $29.50. The business’s fifty day moving average is $27.67 and its 200 day moving average is $24.47. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.44. The stock has a market cap of $333.25 million, a P/E ratio of 8.99 and a beta of 0.52.

Parke Bancorp (NASDAQ:PKBK) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $0.93 earnings per share for the quarter. The business had revenue of $22.74 million for the quarter. Parke Bancorp had a net margin of 25.86% and a return on equity of 12.03%.

Insider Transactions at Parke Bancorp

In other Parke Bancorp news, Director Jack C. Sheppard, Jr. sold 22,500 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $27.03, for a total transaction of $608,175.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vito S. Pantilione bought 1,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was purchased at an average cost of $27.63 per share, with a total value of $27,630.00. Following the completion of the transaction, the chief executive officer directly owned 236,129 shares of the company’s stock, valued at approximately $6,524,244.27. The trade was a 0.43% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 1,700 shares of company stock worth $47,430 and have sold 42,175 shares worth $1,161,181. Insiders own 15.33% of the company’s stock.

Hedge Funds Weigh In On Parke Bancorp

Several large investors have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its holdings in Parke Bancorp by 66.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,147 shares of the bank’s stock worth $46,000 after buying an additional 855 shares during the period. BNP Paribas Financial Markets raised its holdings in Parke Bancorp by 44.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,251 shares of the bank’s stock valued at $66,000 after acquiring an additional 999 shares during the period. CWM LLC lifted its position in shares of Parke Bancorp by 251.5% during the third quarter. CWM LLC now owns 3,367 shares of the bank’s stock worth $73,000 after acquiring an additional 2,409 shares in the last quarter. Byrne Asset Management LLC purchased a new position in shares of Parke Bancorp in the fourth quarter valued at $75,000. Finally, Daytona Street Capital LLC bought a new stake in shares of Parke Bancorp during the 4th quarter valued at $163,000. Hedge funds and other institutional investors own 49.69% of the company’s stock.

About Parke Bancorp

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.