Parke Bancorp (NASDAQ:PKBK) Issues Earnings Results

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

Parke Bancorp Stock Performance

Shares of NASDAQ:PKBK traded up $0.22 during trading hours on Friday, hitting $20.00. The stock had a trading volume of 19,065 shares, compared to its average volume of 22,501. Parke Bancorp has a 1-year low of $15.24 and a 1-year high of $24.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $237.80 million, a price-to-earnings ratio of 8.58 and a beta of 0.73. The stock’s fifty day simple moving average is $21.51 and its 200 day simple moving average is $20.60.

Parke Bancorp Dividend Announcement

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

Insider Activity at Parke Bancorp

In other Parke Bancorp news, Director Jeffrey H. Kripitz sold 10,000 shares of Parke Bancorp stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $22.77, for a total transaction of $227,700.00. Following the completion of the sale, the director now owns 73,013 shares of the company’s stock, valued at $1,662,506.01. This trade represents a 12.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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 research report on Monday, October 21st.

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.