Parke Bancorp (NASDAQ:PKBK) Issues Quarterly Earnings Results

Parke Bancorp (NASDAQ:PKBK - Get Free Report) posted its quarterly earnings results on Friday. The bank reported $0.53 earnings per share (EPS) for the quarter, Zacks reports. Parke Bancorp had a return on equity of 10.91% and a net margin of 19.22%. The business had revenue of $31.39 million for the quarter.Get Parke Bancorp alerts:Parke Bancorp Trading Down 3.3 %Shares of Parke Bancorp stock traded down $0.62 during trading on Friday, hitting $18.16. 11,821 shares of the company were exchanged, compared to its average volume of 29,931. The firm has a market capitalization of $217.19 million, a P/E ratio of 9.41 and a beta of 0.70. Parke Bancorp has a 1-year low of $15.16 and a 1-year high of $20.87. The firm's fifty day moving average price is $16.42 and its 200 day moving average price is $16.95. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.23 and a quick ratio of 1.23. Parke Bancorp Dividend AnnouncementThe business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given a dividend of $0.18 per share. The ex-dividend date was Friday, July 5th. This represents a $0.72 annualized dividend and a dividend yield of 3.96%. Parke Bancorp's payout ratio is currently 37.31%. Insider Transactions at Parke BancorpIn related news, Director Jeffrey H. Kripitz sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $16.95, for a total value of $101,700.00. Following the completion of the transaction, the director now directly owns 87,013 shares in the company, valued at approximately $1,474,870.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.33% of the company's stock. Parke Bancorp Company Profile (Get Free Report)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.Read MoreFive stocks we like better than Parke BancorpWhy Invest in 5G? How to Invest in 5G Stocks Why This AI Stock is Rising Despite Tech Sell-OffElection Stocks: How Elections Affect the Stock MarketInvestors Are Moving into Bonds and Small Cap Stocks: Here's WhyWhat is MarketRank™? How to Use itMarketBeat Week in Review – 7/15 - 7/19This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ he’s your competitor in trading (From TradeAlgo) (Ad)Should you invest $1,000 in Parke Bancorp right now?Before you consider Parke Bancorp, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Parke Bancorp wasn't on the list.While Parke Bancorp currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here