US LNG exports surge but will buyers in China turn up?
WASHINGTON TOWNSHIP, N.J. - Parke Bancorp, Inc. (NASDAQ: PKBK) has declared a cash dividend of $0.18 per share, scheduled for payment on April 18, 2025, to shareholders on record as of April 4, 2025. With a current dividend yield of 3.9% and a 12-year track record of consistent dividend payments, as highlighted by InvestingPro, the company’s board expressed its intent to continue offering quarterly dividends, although these are subject to change based on several factors, including the company’s financial health and regulatory constraints.
Founded in 2005, with Parke Bank operating since 1999, Parke Bancorp, Inc. and its subsidiary Parke Bank serve personal and business banking needs in New Jersey and Pennsylvania. The company, with a market capitalization of $219.32 million and currently trading at an attractive P/E ratio of 8.05, appears undervalued according to InvestingPro analysis. Their stock is publicly traded on the NASDAQ Capital Market.
While this announcement may signal positive news for shareholders, the company has cautioned that future dividends are not guaranteed and could be adjusted or not issued at all depending on various conditions. Recent data shows a revenue decline of 14.63% in the last twelve months, though the bank maintains a FAIR financial health score according to InvestingPro metrics. The bank operates branches across multiple locations and is FDIC-insured, offering a range of commercial banking services.
The forward-looking statements in the press release indicate that there are risks and uncertainties that could cause actual results to differ from expectations. These include the bank’s ability to maintain its capital base, continue paying dividends, enhance shareholder value, and the potential for regulatory actions that could impact its operations. Parke Bancorp emphasizes that undue reliance should not be placed on these forward-looking statements.
This news is based on a press release statement from Parke Bancorp, Inc.
In other recent news, Parke Bancorp has announced executive changes with the appointment of James B. Meadows as the new Chief Credit Officer. This transition follows the retirement of Paul E. Palmieri, who served in the role until October 31, 2024. Meadows’ appointment was formally approved by the company’s Compensation Committee on January 21, 2025. He will oversee the bank’s credit policies and procedures, maintaining the quality of its loan portfolio. Parke Bancorp emphasizes strong governance and management amid evolving economic conditions. The company aims to maintain its high standards of credit quality during this leadership transition. Investors are closely monitoring how this change might affect the bank’s strategies and performance in the competitive banking sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.