Parke Bancorp, Inc. (NASDAQ:PKBK) announced a quarterly dividend on Wednesday, June 26th, NASDAQ reports. Investors of record on Friday, July 12th will be paid a dividend of 0.16 per share by the bank on Friday, July 26th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, July 11th. This is an increase from Parke Bancorp’s previous quarterly dividend of $0.14.
Parke Bancorp has raised its dividend by an average of 42.4% per year over the last three years and has increased its dividend every year for the last 3 years.
Shares of PKBK stock opened at $23.95 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.74. Parke Bancorp has a 52-week low of $16.71 and a 52-week high of $24.45. The stock has a market capitalization of $252.97 million, a P/E ratio of 9.80 and a beta of 0.66. The stock has a fifty day simple moving average of $22.50.
Separately, BidaskClub downgraded Parke Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th.
In other Parke Bancorp news, Director Edward Infantolino sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $22.70, for a total transaction of $113,500.00. Following the sale, the director now owns 35,061 shares in the company, valued at $795,884.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey H. Kripitz sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $21.52, for a total value of $86,080.00. Following the sale, the director now owns 195,043 shares in the company, valued at approximately $4,197,325.36. The disclosure for this sale can be found here. Company insiders own 17.82% of the company’s stock.
Parke Bancorp Company Profile
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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