Parke Bancorp (NASDAQ:PKBK) Issues Quarterly Earnings Results

Parke Bancorp (NASDAQ:PKBK) released its earnings results on Friday. The bank reported $0.61 earnings per share for the quarter, Zacks reports. Parke Bancorp had a return on equity of 9.75% and a net margin of 22.32%.

Parke Bancorp Stock Up 1.1 %

NASDAQ:PKBK opened at $20.00 on Friday. Parke Bancorp has a one year low of $15.24 and a one year high of $24.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $237.80 million, a PE ratio of 8.58 and a beta of 0.73. The firm’s 50 day simple moving average is $21.39 and its 200 day simple moving average is $20.62.

Parke Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.18 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 3.60%. Parke Bancorp’s dividend payout ratio (DPR) is presently 30.90%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Parke Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, October 21st.

Insider Buying and Selling at Parke Bancorp

In related news, Director Jeffrey H. Kripitz sold 10,000 shares of Parke Bancorp stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $22.77, for a total value of $227,700.00. Following the transaction, the director now directly owns 73,013 shares of the company’s stock, valued at $1,662,506.01. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.33% of the company’s stock.

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.