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Parke Bancorp Inc (NASDAQ: PKBK) |
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Price: $18.8000
$0.03 
0.160%
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| Day's High:
| $18.695
| Week Perf:
| 1.62 %
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| Day's Low: |
$ 18.70 |
30 Day Perf: |
-5.24 % |
| Volume (M): |
1 |
52 Wk High: |
$ 24.29 |
| Volume (M$): |
$ 16 |
52 Wk Avg: |
$19.16 |
| Open: |
$18.70 |
52 Wk Low: |
$15.24 |
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| Market Capitalization (Millions $) |
228 |
| Shares
Outstanding (Millions) |
12 |
| Employees |
101 |
| Revenues (TTM) (Millions $) |
62 |
| Net Income (TTM) (Millions $) |
28 |
| Cash Flow (TTM) (Millions $) |
41 |
| Capital Exp. (TTM) (Millions $) |
0 |
Parke Bancorp Inc
The Company is a bank holding company incorporated under the laws of the State
of New Jersey in January 2005 for the sole purpose of becoming the holding company
of the Bank. The Company commenced operations on June 1, 2005, upon completion
of the reorganization of the Bank into the holding company form of organization
following approval of the reorganization by shareholders of the Bank at its 2005
Annual Meeting of Shareholders. The Company’s business and operations primarily
consist of its ownership of the Bank.
Company Address: 601 Delsea Drive Washington Township 8080 NJ
Company Phone Number: 256-2500 Stock Exchange / Ticker: NASDAQ PKBK
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Customers Net Income grew by |
PKBK's Customers Net Profit Margin grew to |
7.28 % |
13.4 %
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| Stock Performances by Major Competitors |
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| Parke Bancorp Inc
Investors in Parke Bancorp Inc (NASDAQ: PKBK) may want to take note of the company's recent financial performance and dividend announcement. According to the latest financial report for the January to March 31, 2024 time-frame, PKBK saw a significant decline in earnings per share (EPS), income, and revenue compared to the previous year. EPS plummeted by -44.57% to $0.51 per share, income faded by -24.46% to $0.68 per share, and revenue crumbled by -30.092% to $14.91 million.
Furthermore, earnings for the first quarter of 2024 fell by -44.73% to $6.151 million, with operating margin decreasing to 56.18% and net margin shrinking to 41.25%. This downward trend in profitability could cause concern for investors, especially considering that PKBK's stock has dropped by -8.54% in the past 3 months and is trading only 11.7% above its 52-week low.
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| Dividend
Published Wed, Mar 20 2024 12:30 PM UTC
PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND
Washington Township, N.J., March 20, 2024 - Parke Bancorp, Inc. (NASDAQ: PKBK), a leading financial institution, has recently announced the declaration of a $0.18 per share cash dividend. This dividend will be payable on April 19, 2024, to the Company s stockholders of record as of April 5, 2024. The decision was made by the Bo...
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| Parke Bancorp Inc
In the most recent fiscal period, Parke Bancorp Inc experienced a drop in both revenue and profitability. Income fell by 21.1% to $0.68 per share and revenue decreased by 12.213% year on year, with revenue at $17.45 million compared to $19.87 million in the same period the year before. However, there was some improvement from the preceding quarter, with EPS increasing by 743.92% from $0.08 per share and revenue growing by 1.318% from $17.22 million.
Earnings in the fourth quarter of 2023 also saw a decline, falling by 21.82% to $8.173 million compared to $10.454 million in the same period the previous year. Parke Bancorp Inc's profitability was further impacted, with the operating margin decreasing to 63.97% and the net margin shrinking to 46.85%. Operating earnings fell by 18.66% to $11.16 million, leading to a decrease in the operating margin from 69.04% in the fourth quarter of 2022.
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| Parke Bancorp Inc
Over the past five days, Parke Bancorp Inc shares have experienced a decline of -0.64%, contributing to a year-to-date performance of -15.55%. Additionally, the shares are currently trading 15.8% above their 52-week low. These figures indicate some market volatility and potential challenges for the company.
For the fiscal period ending September 30, 2023, Parke Bancorp Inc experienced a significant drop in income, decreasing by -90.8% to $0.08 per share compared to $0.87 per share in the previous year. The earnings per share also decreased by -88.06% from $0.67 to $0.08 per share. This decline is notable and could be a cause for concern for investors.
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| Parke Bancorp Inc
Parke Bancorp Inc, a regional bank based in New Jersey, experienced a decline in revenue and bottom-line during the April to June 30, 2023 interval. This decline was significant, with income falling by -23.86% to $0.67 per share and revenue decreasing by -15.766% year on year. Comparatively, revenue in the same interval a year before was $20.14 million, while in 2023 it dropped to $16.96 million.
This decline in top-line performance for Parke Bancorp Inc is in contrast to the remainder of the Regional Banks sector, which posted a revenue gain during the same period. In previous periods, the company also witnessed a decrease in income and revenue. From the preceding times, income faded by -27.17% from $0.92 per share, and revenue fell by -20.477% from $21.33 million.
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| Per Share |
Current |
| Earnings (TTM) |
2.27 $ |
| Revenues (TTM) |
5.14 $
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| Cash Flow (TTM) |
3.4 $ |
| Cash |
1.22 $
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| Book Value |
24.78 $
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| Dividend (TTM) |
0.71 $ |
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| Per Share |
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| Earnings (TTM) |
2.27 $
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| Revenues (TTM) |
5.14 $ |
| Cash Flow (TTM) |
3.4 $ |
| Cash |
1.22 $
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| Book Value |
24.78 $ |
| Dividend (TTM) |
0.71 $ |
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2.44%