Parke Bancorp, Inc. (NASDAQ:PKBK) Announces Quarterly Dividend of $0.20

Parke Bancorp, Inc. (NASDAQ:PKBK) declared a quarterly dividend on Thursday, June 18th. Investors of record on Friday, July 3rd will be given a dividend of 0.20 per share by the bank on Friday, July 17th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a 11.1% increase from Parke Bancorp’s previous quarterly dividend of $0.18.

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

Parke Bancorp Price Performance

Shares of Parke Bancorp stock opened at $31.86 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $30.66 and its two-hundred day moving average price is $28.08. Parke Bancorp has a 52 week low of $18.97 and a 52 week high of $32.44. The stock has a market cap of $373.72 million, a PE ratio of 9.10 and a beta of 0.48.

Parke Bancorp (NASDAQ:PKBK) last issued its quarterly earnings results on Friday, April 17th. The bank reported $0.99 earnings per share for the quarter. The company had revenue of $22.98 million during the quarter. Parke Bancorp had a net margin of 28.04% and a return on equity of 13.02%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Parke Bancorp in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Parke Bancorp presently has a consensus rating of “Buy”.

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.