Parke Bancorp dividend yield – Parke Bancorp Declares 0.18 Cash Dividend
April 6, 2023
Dividends Yield
On April 2 2023, Parke Bancorp ($NASDAQ:PKBK) Inc. declared a 0.18 USD cash dividend per share. This marks the third consecutive year that PARKE BANCORP has issued an annual dividend per share of 0.68 USD, resulting in an average yield of 2.94%. This makes it an attractive option for those interested in dividend stocks. The ex-dividend date for this dividend is set for April 6 2023. This means that any shareholders of record by this date will receive the dividend.
Parke Bancorp Inc. has a long track record of delivering consistent dividends and is focused on providing superior financial services to their customers and shareholders. The company’s commitment to sustainability and sound corporate governance makes it an attractive choice for investors looking for a reliable income stream. With this announcement, Parke Bancorp Inc. is continuing to reward its shareholders with a reliable dividend payout.
Price History
This dividend marks the fifth consecutive quarter of an increase in dividends for the company, indicating a steady and positive financial outlook for the future. The move is seen as a sign of confidence from the company in its ability to continue to perform well and to reward its shareholders with attractive returns. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Parke Bancorp. More…
| Total Revenues | Net Income | Net Margin |
| – | 41.8 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Parke Bancorp. More…
| Operations | Investing | Financing |
| 38.64 | 79.19 | 20.12 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Parke Bancorp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.98k | 1.72k | – |
Key Ratios Snapshot
Some of the financial key ratios for Parke Bancorp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.4% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Parke Bancorp Intrinsic Value Calculator
At GoodWhale, we recently conducted an analysis of PARKE BANCORP‘s financials. Our proprietary Valuation Line suggests that the fair value of PARKE BANCORP’s share is around $21.0. However, the stock is currently trading at $18.0, meaning it is undervalued by 14.1%. This presents an opportunity for investors to buy the stock at a discounted price. More…
Peers
It operates through its wholly owned subsidiary, Parke Bank, which provides a wide range of banking services. Parke Bancorp Inc competes in the banking and financial services industry alongside other companies such as Malaga Financial Corp, Primis Financial Corp, and First Business Financial Services Inc.
– Malaga Financial Corp ($OTCPK:MLGF)
Malaga Financial Corp is a financial services company based in the United States. The company provides a range of services, including wealth management, retirement planning, and banking services. As of 2023, Malaga Financial Corp has a market cap of 41.82M, making it one of the largest financial service companies in the US. The company’s market cap reflects the value of all its outstanding shares, which is calculated by multiplying the total number of shares outstanding by the current stock price. Malaga Financial Corp has seen an increase in its market cap over the past few years, indicating that investors are confident in the company’s performance and potential for future growth.
– Primis Financial Corp ($NASDAQ:FRST)
Primis Financial Corp is a financial services company that provides a wide range of services, including wealth management, asset management, corporate finance, and investment banking. As of 2023, the company has a market cap of 292.27M, which is a measure of its worth in the stock market. Market capitalization is calculated by multiplying the number of shares outstanding by the price per share. Primis Financial’s market cap indicates that investors believe it is a valuable and profitable company.
– First Business Financial Services Inc ($NASDAQ:FBIZ)
Business Financial Services Inc (BFS) is a financial services company based in Wisconsin. The company provides a range of financial services, including capital markets, asset management, treasury services, corporate finance, and transaction banking. As of 2023, the company has a market cap of 308.16M, making it one of the larger financial service companies in the United States. BFS has grown significantly since its founding in 1989 and provides financial services to over 3,000 businesses and individuals in the United States. The company also provides services to international clients, making it a leader in the financial services industry.
Summary
PARKE BANCORP is an attractive investment option for those seeking a consistent return on their capital. Over the past three years, the company has consistently issued an annual dividend of 0.68 USD per share, providing a 2.94% yield on average. This indicates a reliable, and potentially growing, income stream in addition to any capital appreciation. Analysts suggest that PARKE BANCORP’s dividend is likely to remain strong in the near future, making it an attractive option for income investors looking for a steady return.
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