Parke Bancorp (NASDAQ:PKBK) Releases Earnings Results

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

Parke Bancorp Price Performance

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

Parke Bancorp Announces Dividend

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

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Parke Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, October 21st.

Insider Buying and Selling

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 shares were sold at an average price of $22.77, for a total value of $227,700.00. Following the sale, the director now owns 73,013 shares of the company’s stock, valued at approximately $1,662,506.01. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 15.33% 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, time, money market, and individual retirement accounts, as well as certificates of deposit.