Parke Bancorp, Inc. (NASDAQ:PKBK) to Issue $0.16 Quarterly Dividend

Parke Bancorp, Inc. (NASDAQ:PKBK) declared a quarterly dividend on Friday, April 23rd, Zacks reports. Shareholders of record on Tuesday, May 4th will be given a dividend of 0.16 per share by the bank on Tuesday, May 18th. This represents a $0.64 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Monday, May 3rd.

Parke Bancorp has raised its dividend by 45.5% over the last three years and has raised its dividend every year for the last 1 years.

Shares of PKBK stock opened at $21.12 on Friday. The firm has a 50-day moving average of $20.33 and a 200-day moving average of $17.20. The company has a market cap of $250.97 million, a P/E ratio of 9.08 and a beta of 0.99. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.25 and a quick ratio of 1.25. Parke Bancorp has a one year low of $9.80 and a one year high of $21.96.

In related news, Director Daniel J. Dalton sold 2,385 shares of the stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $19.65, for a total transaction of $46,865.25. Following the completion of the transaction, the director now owns 166,473 shares in the company, valued at $3,271,194.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Daniel J. Dalton sold 2,300 shares of the stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $18.29, for a total transaction of $42,067.00. Following the transaction, the director now owns 166,388 shares of the company’s stock, valued at approximately $3,043,236.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,685 shares of company stock valued at $616,882. 12.18% of the stock is currently owned by corporate insiders.

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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Dividend History for Parke Bancorp (NASDAQ:PKBK)

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