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

Parke Bancorp, Inc. (NASDAQ:PKBK) announced a quarterly dividend on Tuesday, September 22nd. Shareholders of record on Friday, October 2nd will be paid a dividend of 0.20 per share by the bank on Friday, October 16th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, October 2nd.

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

Parke Bancorp Stock Performance

Shares of NASDAQ PKBK opened at $33.68 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $396.09 million, a price-to-earnings ratio of 8.77 and a beta of 0.47. The stock’s fifty day moving average price is $34.04 and its two-hundred day moving average price is $31.64. Parke Bancorp has a one year low of $19.71 and a one year high of $35.70.

Parke Bancorp (NASDAQ:PKBK) last announced its earnings results on Wednesday, July 22nd. The bank reported $1.03 earnings per share (EPS) for the quarter. Parke Bancorp had a net margin of 29.99% and a return on equity of 13.88%. The company had revenue of $23.89 million during the quarter.

About Parke Bancorp

Parke Bancorp, Inc is the bank holding company for Parke Bank, a community-focused financial institution headquartered in Washington Township, New Jersey. The bank serves individuals, families, businesses and organizations in southern New Jersey and the greater Philadelphia area.

Parke Bank provides a range of traditional banking products and services, including consumer and business deposit accounts, residential and commercial real estate lending, construction loans, commercial and industrial loans, and other business financing.