Parke Bancorp (NASDAQ:PKBK) Releases Quarterly Earnings Results

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

Parke Bancorp Price Performance

Shares of PKBK stock traded up $0.22 during trading on Friday, hitting $20.00. The company had a trading volume of 19,065 shares, compared to its average volume of 22,097. Parke Bancorp has a 52 week low of $15.24 and a 52 week high of $24.29. The stock has a market capitalization of $237.80 million, a price-to-earnings ratio of 8.58 and a beta of 0.73. 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 stock’s 50-day moving average is $21.51 and its two-hundred day moving average is $20.60.

Parke Bancorp Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Jeffrey H. Kripitz sold 10,000 shares of the business’s 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 completion of the sale, the director now owns 73,013 shares in the company, valued at $1,662,506.01. The trade was a 12.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 15.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.