Parke Bancorp (NASDAQ:PKBK) Issues Quarterly Earnings Results

Parke Bancorp (NASDAQ:PKBK) released its quarterly earnings data on Thursday. The bank reported $0.65 EPS for the quarter, Zacks reports. Parke Bancorp had a return on equity of 9.41% and a net margin of 21.25%.

Parke Bancorp Stock Up 2.3 %

Shares of NASDAQ PKBK opened at $17.54 on Friday. The stock has a fifty day moving average price of $18.79 and a 200 day moving average price of $20.39. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.64. Parke Bancorp has a 12-month low of $15.24 and a 12-month high of $24.29. The company has a market cap of $207.73 million, a P/E ratio of 7.73 and a beta of 0.56.

Parke Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, April 4th. This represents a $0.72 dividend on an annualized basis and a yield of 4.10%. Parke Bancorp’s dividend payout ratio (DPR) is 31.72%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Parke Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, March 28th.

Insiders Place Their Bets

In other news, Director Jeffrey H. Kripitz sold 6,101 shares of Parke Bancorp stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $20.12, for a total transaction of $122,752.12. Following the sale, the director now owns 54,353 shares in the company, valued at $1,093,582.36. This trade represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 7,160 shares of company stock worth $143,947 over the last quarter. 15.33% of the stock is owned by corporate insiders.

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.