According to Zacks, Parke Bancorp, Inc. (NASDAQ: PKBK) disclosed on December 21 that it would be paying a quarterly dividend to its shareholders and made the announcement. On January 4, shareholders who still own their shares will be eligible to receive a dividend from the bank for $0.18 per share if the bank decides to pay one. When figured out on an annualized basis, this translates to a dividend payment of $0.72 per share and a yield of 3.53% for the company. On Tuesday, January 3, you will be responsible for paying the dividend.
Over the past three years, Parke Bancorp has increased the amount of money it distributes as a dividend to shareholders on an annual basis by an average of 18.5% per year, and it has done so for the second year in a row.
On Friday, the first day of trading for PKBK, the price was $20.40. Parke Bancorp reached an all-time high of $25.85 during the previous year, while the company’s all-time low was $20.06. The debt-to-equity ratio is calculated to be 0.45, the current ratio is calculated to be 1.19, and the quick ratio is also calculated to be 1.19. The company’s market value is 243.12 million dollars, the price-to-earnings ratio for the stock is 5.98, and the company has a beta of 0.75. The company’s stock has been trading at an average price of $21.27 over the past 50 days, while over the past 200 days, it has been trading at $21.75.
On Wednesday, October 19, Parke Bancorp (NASDAQ: PKBK) disclosed the outcomes of its most recent financial report covering the preceding quarter. During the period covered by the quarterly financial report presented on Wednesday, October 19, the bank recorded a quarterly profit of $0.87 per share. The bank recorded a quarterly profit of $0.87 per share during the period in question. Parke Bancorp had a return on equity of 16.96% and a net margin of 45.57% for the company overall. The organization reported a total revenue of $21.32 million for the period under consideration.
In a separate development, a research report on Parke Bancorp shares was released by StockNews.com on October 12—the same day that the website started covering the company’s stock. They suggested to the investors that the best action would be to “buy” the shares.
According to reports from other sources regarding the organization, Parke Bancorp Director Daniel J. Dalton transacted the sale of 2,000 of the organization’s shares of stock on December 13. The price of each share was set at $20.60, which resulted in a total sale volume of $41,200.00. The average price of each share was $20.60. Following the successful conclusion of the transaction, the director was able to purchase 136,418 shares of company stock. The total value of these shares is $2,810,210.80. You can find a copy of the filing that disclosed the transaction on the Securities and Exchange Commission (SEC) website. The filing described the transaction. On Tuesday, December 13, one of the company’s directors, Daniel J. Dalton, completed the sale of 2,000 of the company’s shares of stock. This was one of the latest events concerning the company. The price of each share was set at $20.60, which resulted in a total sale volume of $41,200.00.
The average price of each share was $20.60. Following the completion of the sale, the director will have a direct ownership stake in 136,418 company shares, each of which will have an estimated value of $2,810,210.80. You might find a filing that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website. Daniel J. Dalton, also a company director, sold 2,486 shares on Friday, December 2. The total value of the sold shares was $53,449.00, which comes to a price of $21.50 for each share. As a result of the transaction, the director is now the owner of 140,418 shares of company stock. The total value of these shares is $3,018,987. Disclosures that are related to the sale might be found in this section of the website. Corporate insiders sold 16,674 shares of company stock for a total of $352,262 during the previous ninety days, bringing the total number of shares sold by corporate insiders to a total of 16,674. The total number of shares owned by the company’s insiders is 18.20%.
Institutional investors and hedge funds have been active participants in recent transactions involving the stock, buying and selling shares back and forth. BlackRock Inc. increased the proportion of Parke Bancorp stock owned by 1.1% during the third fiscal quarter. Following the acquisition of a further 5,358 shares throughout the period above, BlackRock Inc. now holds a total of 502,733 shares of the bank’s stock, collectively valued at a total of $10,538,000. During the third quarter, Dimensional Fund Advisors LP made a 2.6% purchase of additional Parke Bancorp shares, bringing the total number of the firm’s Parke Bancorp holdings to 98.4%. After making an additional purchase of 8,185 shares during the period, Dimensional Fund Advisors LP is now the owner of a total of 317,074 shares of the stock held by the bank. The price per share has reached $6,646,000 at the moment. State Street Corporation was able to increase the proportion of Parke Bancorp stock that is owned by 22.6% during the third quarter. After making an additional purchase of 22,336 shares during the most recent quarter, State Street Corp. now has 121,338 shares of the bank’s stock in its possession. The current value of these shares, when traded on the market, is $2,543,000. Through the second quarter, Northern Trust Corporation was able to amass a 369.4% increase in the proportion of Parke Bancorp stock it owned. After purchasing an additional 66,812 shares over the past three months, Northern Trust Corp. now has a total of 84,898 shares of the bank’s stock, which are currently valued at $1,779,000. These shares were added to the company’s holdings, bringing the total number of shares owned by Northern Trust Corp. to 84,898.
Last but not least, during the first three months of this year, Morgan Dempsey Capital Management LLC purchased a new stake in Parke Bancorp that was approximately $1,554,000 in value. This was the company’s most recent investment. Most of the company’s stock, or 42.11 percent, is owned by large financial institutions as investment holdings.