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WASHINGTON TOWNSHIP, N.J. - Parke Bancorp, Inc. (NASDAQ:PKBK) announced today a cash dividend of $0.18 per share, to be paid on July 18, 2025, to stockholders of record as of July 3, 2025. The dividend represents a 3.78% yield, reflecting the company’s 12-year track record of consistent dividend payments. According to InvestingPro analysis, PKBK trades at a P/E ratio of 7.81, indicating attractive valuation metrics.
The New Jersey-based banking company indicated that while it anticipates continuing quarterly cash dividends, these payments remain subject to board determination and may be reduced or eliminated in future periods based on various factors including the company’s financial condition and applicable regulatory restrictions. With a market capitalization of $232 million and a strong financial health rating from InvestingPro, the bank maintains a solid foundation for its dividend program.
Parke Bancorp operates through its subsidiary Parke Bank, which maintains branches across New Jersey including Washington Township, Northfield, Galloway Township, and Collingswood, as well as two locations in Philadelphia. The bank focuses on providing financial services to individuals and small businesses primarily in southern New Jersey counties and the Philadelphia area.
The company’s deposits are insured up to legal limits by the Federal Deposit Insurance Corporation (FDIC).
Parke Bancorp was incorporated in 2005, while its banking subsidiary has been operational since 1999. The company’s stock trades on the NASDAQ Capital Market.
This information is based on a press release statement issued by the company.
In other recent news, Parke Bancorp announced the outcomes of its annual shareholder meeting, which were detailed in a recent SEC filing. The meeting featured the election of directors, with Fred G. Choate, Jeffrey H. Kripitz, and Jack C. Sheppard, Jr. securing three-year terms. Choate received 4,527,449 votes in favor, while Kripitz and Sheppard garnered 6,366,010 and 6,120,259 votes, respectively. Additionally, shareholders ratified the appointment of S.R. Snodgrass, P.C. as the independent auditor for the fiscal year ending December 31, 2025, with 9,471,244 votes in favor. These developments reflect routine governance matters and demonstrate shareholder engagement in the company’s oversight process. The SEC filing ensures transparency with shareholders and the public. The annual meeting serves as a platform for shareholders to express their views on Parke Bancorp’s governance.
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