Stock News in Focus: Parke Bancorp (NASDAQ:PKBK)


On Wednesday, Parke Bancorp (NASDAQ:PKBK) stock recorded daily change of 1.82% to close at $22.36 with the total traded volume of 8,460shares along average volume of 16034 shares 52 week range of the stock remained $ 17.39 – 24.8 while its day low price was $22.01 and its hit its day high price at $22.53. Its previous closing value stands at $21.96. PKBK total market capitalization is $219.13M. Currently stocks EPS is $1.77 while its price to earnings ratio is 12.6

Parke Bancorp, Inc. (NASDAQ:PKBK) recently reported the declaration of a $0.14 per share cash dividend payable on October 26, 2018, to its stockholders of record as of the close of business on October 12, 2018.

The Board anticipates paying cash dividends on a quarterly basis, subject to determination and declaration by the Board of Directors, which will take into account a number of factors, including the financial condition of the Company and the Bank, and any applicable legal and regulatory restrictions on the payment of dividends by the Company.  If paid, such dividends may be reduced or eliminated in future periods.

Parke Bancorp, Inc. was incorporated in January 2005, while Parke Bank commenced operations in January 1999. Parke Bancorp and Parke Bank maintain their principal offices at 601 Delsea Drive, Washington Township, New Jersey. Parke Bank conducts business through a branch office in Northfield, New Jersey, two branch offices in Washington Township, New Jersey, a branch office in Galloway Township, New Jersey, a branch office in Collingswood, New Jersey, a branch in center city Philadelphia and a branch in Chinatown in Philadelphia. Parke Bank is a full service commercial bank, with an emphasis on providing personal and business financial services to individuals and small-sized businesses primarily in Gloucester, Atlantic and Cape May counties in New Jersey and Philadelphia and surrounding counties in Pennsylvania. Parke Bank’s deposits are insured up to the maximum legal amount by the Federal Deposit Insurance Corporation (FDIC). Parke Bancorp’s common stock is traded on the NASDAQ Capital Market under the symbol “PKBK”.

Gabriel Smith joined the, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Wayne is the Senior Editor for and market movers section. He also holds an MBA from Penn State University He has two daughter and two children.


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