Parke Bancorp, Inc. (NASDAQ:PKBK) to Issue Quarterly Dividend of $0.16

Parke Bancorp, Inc. (NASDAQ:PKBK) declared a quarterly dividend on Wednesday, September 25th, Zacks reports. Shareholders of record on Friday, October 11th will be given a dividend of 0.16 per share by the bank on Friday, October 25th. This represents a $0.64 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, October 10th.

Parke Bancorp has increased its dividend by an average of 42.4% annually over the last three years and has raised its dividend every year for the last 3 years.

PKBK stock opened at $21.93 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.71. Parke Bancorp has a twelve month low of $16.71 and a twelve month high of $24.45. The stock has a market capitalization of $234.38 million, a price-to-earnings ratio of 8.63 and a beta of 0.66. The firm’s fifty day simple moving average is $22.09 and its two-hundred day simple moving average is $22.26.

Parke Bancorp (NASDAQ:PKBK) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $0.68 earnings per share for the quarter. Parke Bancorp had a net margin of 36.52% and a return on equity of 17.54%. The business had revenue of $15.06 million for the quarter.

PKBK has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Parke Bancorp from a “sell” rating to a “hold” rating in a report on Friday, September 13th. ValuEngine cut shares of Parke Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

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, money market, and individual retirement accounts, as well as certificates of deposit.

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Dividend History for Parke Bancorp (NASDAQ:PKBK)

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