Parke Bancorp (NASDAQ:PKBK) will be releasing its earnings data on Monday, January 22nd.

Parke Bancorp (NASDAQ:PKBK) last issued its earnings results on Monday, October 23rd. The bank reported $0.42 EPS for the quarter. Parke Bancorp had a return on equity of 13.19% and a net margin of 30.47%. The firm had revenue of $10.71 million for the quarter.

Shares of Parke Bancorp (PKBK) opened at $20.85 on Monday. Parke Bancorp has a one year low of $17.88 and a one year high of $23.95. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $159.96, a PE ratio of 14.08 and a beta of 0.59.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.48 dividend on an annualized basis and a yield of 2.30%. Parke Bancorp’s dividend payout ratio is currently 32.41%.

Separately, ValuEngine downgraded Parke Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

In other Parke Bancorp news, Director Jack C. Sheppard, Jr. sold 1,800 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $19.47, for a total transaction of $35,046.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edward Infantolino sold 10,000 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $22.01, for a total value of $220,100.00. Following the transaction, the director now owns 33,865 shares in the company, valued at approximately $745,368.65. The disclosure for this sale can be found here. Insiders have sold 18,800 shares of company stock worth $409,006 in the last quarter. 26.05% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of PKBK. State Street Corp purchased a new position in Parke Bancorp during the second quarter worth approximately $1,157,000. The Manufacturers Life Insurance Company purchased a new position in shares of Parke Bancorp in the second quarter valued at approximately $150,000. Finally, California State Teachers Retirement System purchased a new position in shares of Parke Bancorp in the second quarter valued at approximately $226,000. Institutional investors own 24.88% of the company’s stock.

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About Parke Bancorp

Parke Bancorp, Inc is a bank holding company of Parke Bank (the Bank). The Bank is a full commercial service bank, with focus on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Cape May Counties in New Jersey and the Philadelphia area in Pennsylvania.

Earnings History for Parke Bancorp (NASDAQ:PKBK)

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