Parke Bancorp, Inc. Stock News

Parke Bancorp, Inc. is a stable investment with a 3.6% dividend yield, offering reliable income despite limited growth prospects. PKBK Q4 performance showed strong loan and deposit growth, but net income declined due to higher provisions for credit losses and non-interest expenses. Margins contracted, with net interest margin down to 3.02%, but net interest income increased by 0.7% year-over-year.

Highlights: Net Income: $7.4 million for Q4 2024, decreased 1.5% from Q3 2024 Revenue: $34.5 million for Q4 2024, increased 4.4% over Q3 2024 Total Assets:  $2.14 billion,  increased 5.9% from December 31, 2023 Total Loans:  $1.87 billion,  increased 4.5% from December 31, 2023 Total Deposits: $1.63 billion,  increased 5.0% from December 31, 2023   WASHINGTON TOWNSHIP, N.J. , Jan. 24, 2025 /PRN...

WASHINGTON TOWNSHIP, N.J. , Dec. 18, 2024 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced the declaration of a $0.18 per share cash dividend, payable on January 17, 2025, to its stockholders of record as of the close of business on January 3, 2025.

Despite recent underperformance, Parke Bancorp remains a 'buy' due to its attractive valuation and strong asset quality compared to peers. The company's net interest income and non-interest income have declined, but its balance sheet remains stable with increasing loans and deposits. Parke Bancorp's price-to-earnings, price-to-book, and price-to-tangible-book ratios indicate it is undervalued r...

Highlights: Net Income: $7.5 million for Q3 2024, increased 16.3% over Q2 2024 Revenue: $33.0 million for Q3 2024, increased 5.2% over Q2 2024 Total Assets:  $2.07 billion,  increased 2.1% over December 31, 2023 Total Loans:  $1.84 billion,  increased 2.9% over December 31, 2023 Total Deposits: $1.56 billion,  increased 0.4% from December 31, 2023   WASHINGTON TOWNSHIP, N.J. , Oct. 18, 2024 /PR...

WASHINGTON TOWNSHIP, N.J. , Sept. 18, 2024 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced the declaration of a $0.18 per share cash dividend, payable on October 18, 2024, to its stockholders of record as of the close of business on October 4, 2024.