Parke Bancorp, Inc. (PKBK)
| Market Cap | 279.88M |
| Revenue (ttm) | 63.15M |
| Net Income (ttm) | 28.27M |
| Shares Out | 11.88M |
| EPS (ttm) | 2.33 |
| PE Ratio | 10.10 |
| Forward PE | n/a |
| Dividend | $0.72 (3.06%) |
| Ex-Dividend Date | Oct 4, 2024 |
| Volume | 32,844 |
| Open | 23.30 |
| Previous Close | 23.03 |
| Day's Range | 23.18 - 23.55 |
| 52-Week Range | 15.24 - 23.55 |
| Beta | 0.70 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Jan 22, 2025 |
About PKBK
Parke Bancorp, Inc. operates as the bank holding company for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses. The company offers various deposit products, including checking, savings, time, money market, and individual retirement accounts, as well as certificates of deposit. Its loan portfolio comprises commercial and industrial, construction, commercial and residential real estate mortgage, and consumer loans. In addition, the company provides debit cards, internet banking, and... [Read more]
Financial Performance
In 2023, Parke Bancorp's revenue was $72.96 million, a decrease of -8.70% compared to the previous year's $79.91 million. Earnings were $28.44 million, a decrease of -31.96%.
Financial StatementsNews
Parke Bancorp: Still Banking On This Name
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 hav...
PARKE BANCORP, INC. ANNOUNCES THIRD QUARTER 2024 EARNINGS
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 Decemb...
PARKE BANCORP, INC. ANNOUNCES CASH DIVIDEND
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,...
PARKE BANCORP, INC. ANNOUNCES STOCK REPURCHASE PLAN
WASHINGTON TOWNSHIP, N.J. , Aug. 2, 2024 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) today announced its Board of Directors approved a plan to repurchase up to 5% of the Company...
Parke Bancorp Offers A 3.5% Yield And A 20% Discount To TBV
Parke Bancorp has strong earnings with a slight increase in net interest income, despite an increase in loan loss provisions. The bank has a relatively low amount of unrealized losses on securities an...
PARKE BANCORP, INC. ANNOUNCES SECOND QUARTER 2024 EARNINGS
Highlights: Net Income: $6.5 million for Q2 2024, increased 5.0% over Q1 2024 Revenue: $31.4 million for Q2 2024, increased 8.8% over Q1 2024 Total Assets: $2.03 billion, increased 0.2% over Decembe...
PARKE BANCORP, INC. ANNOUNCES FIRST QUARTER 2024 EARNINGS
Highlights: Net Income: $6.1 million for Q1 2024 Revenue: $30.5 million for Q1 2024 Total Assets: $2.01 billion, decreased 0.7% from December 31, 2023 Total Loans: $1.79 billion, decreased 0.1% ov...
PARKE BANCORP, INC. ANNOUNCES FOURTH QUARTER 2023 EARNINGS
Highlights: Net Income: $8.2 million for Q4 2023 Revenue: $31.8 million for Q4 2023 Total Assets: $2.02 billion, increased 1.9% from December 31, 2022 Total Loans: $1.79 billion, increased 2.0% fr...
Parke Bancorp Makes For A Fantastic Place To Park Your Money
Parke Bancorp is a small but stable bank with a market capitalization of $207.9 million. The bank has successfully reduced debt and is experiencing growth in deposits. Despite high exposure to uninsur...
This bank that serves cannabis customers had most of its profit wiped out by a robbery.
Take Parke Bancorp PKBK, -1.68%, a Washington Township, N.J. bank that focuses on the Southern New Jersey and Philadelphia area.
PARKE BANCORP, INC. ANNOUNCES THIRD QUARTER 2023 EARNINGS
Highlights: Net Income: $1.0 million for Q3 2023 Revenue: $30.9 million for Q3 2023, increased 6.92% over Q2 2023 Total Assets: $1.98 billion, decreased 0.1% from December 31, 2022 Total Loans: $1....
Parke Bank Named One of the Top 20 Community Banks by Bank Director
WASHINGTON TOWNSHIP, N.J. , Sept. 28, 2023 /PRNewswire/ -- Parke Bancorp, Inc. (the "Company") (NASDAQ: PKBK) – is pleased to announce Parke Bank has been named to the Bank Director's Ranking Banking...
Parke Bancorp: Trading At A 20% Discount To Tangible Book Value
Parke Bancorp, Inc.'s Q2 results show a decrease in net interest income and an increase in net non-interest expenses. The bank reported a pre-tax and pre-provision income of just over $11M in Q2. The ...
PARKE BANCORP, INC. ANNOUNCES SECOND QUARTER 2023 EARNINGS
Highlights: Net Income: $8.1 million Revenue: $28.9 million for Q2 2023 Total Assets: $1.98 billion, decreased 0.1% over December 31, 2022 Total Loans: $1.79 billion, increased 2.0% over December ...
PARKE BANCORP, INC. ANNOUNCES FIRST QUARTER 2023 EARNINGS
Highlights: Net Income: $11.1 million Revenue: $27.8 million for Q1 2023 Total Assets: $1.96 billion, decreased 1.0% over December 31, 2022 Total Loans: $1.76 billion, increased 0.6% over December...
PARKE BANCORP, INC. ANNOUNCES FOURTH QUARTER 2022 EARNINGS
Highlights: Net Income: $10.4 million for Q4 2022 Revenue: $26.8 million for Q4 2022 Total Assets: $1.98 billion, decreased 7.1% over December 31, 2021 Total Loans: $1.75 billion, increased 18.0% over...
Parke Bancorp: Trading At Just 6 Times Earnings And No Premium To Book
Parke Bancorp is active in New Jersey, where its loan portfolio is mainly focusing on real estate. The amount of non-accruing loans has increased, and the market would likely want to see how Parke wil...
PARKE BANCORP, INC. ANNOUNCES THIRD QUARTER 2022 EARNINGS
Highlights: Net Income: $10.5 million Revenue: $24.4 million for Q3 2022 Total Assets: $1.92 billion, decreased 10.0% over December 31, 2021 Total Loans: $1.68 billion, increased 13.1% over Decemb...
Parke Bancorp: Getting Paid
Parke Bancorp pays a 3% dividend yield while you wait for shares to appreciate. The company is issuing more loans and should benefit from higher rates by seeing its net interest margins spread.
PARKE BANCORP, INC. ANNOUNCES SECOND QUARTER 2022 EARNINGS
Highlights: Net Income: $10.7 million Revenue: $23.0 million for Q2 2022 Total Assets: $1.99 billion, decreased 6.8% over December 31, 2021 Total Loans: $1.55 billion, increased 4.3% over December 31,...
Parke Bancorp: Offering A 3% Dividend Yield With A 20% Payout Ratio
Parke Bancorp is a small bank in New Jersey, mainly focusing on a residential real estate heavy loan book. The total amount of loans past due increased substantially in Q1, but this is related to a CR...
PARKE BANCORP, INC. ANNOUNCES FIRST QUARTER 2022 EARNINGS
Highlights: Net Income: $10.1 million Revenue: $21.7 million for Q1 2022 Total Assets: $2.05 billion, decreased 3.9% over December 31, 2021 Total Loans: $1.50 billion, increased 0.7% over December ...
Parke Bancorp: Under The Radar Gem
Parke Bancorp: Under The RadaWith $1.57 billion in total assets, Parke Bancorp consistently generated superior shareholder value over the last five years. r Gem
Parke Bancorp, Inc. Announces Third Quarter Earnings
WASHINGTON TOWNSHIP, N.J., Oct. 20, 2021 /PRNewswire/ -- Highlights: Net Income: $10.5 million Revenue: $22.8 million for Q3 2021 Total Assets: $2.16 billion, increased 3.7% over December 31, 2020 T...
Parke Bancorp: One Of The Most Efficient Banks You Will Find
The stock has moved sideways as interest rates have fallen. Pays you a 3% dividend yield to wait.