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Ralph Martin Gallo, Chief Operating Officer of Parke Bancorp , Inc. (NASDAQ:PKBK), a regional bank with a market capitalization of $253 million, sold 1,946 shares of common stock on August 12, 2025, at a price of $21.89, for a total value of $42,597. The stock, which currently trades at $21.39, has delivered a 13% return over the past year and offers a 3.37% dividend yield. According to InvestingPro, the company is currently trading at an attractive P/E ratio of 8.2.
On the same day, Gallo also acquired 1,946 shares of Parke Bancorp through the exercise of stock options, at a price of $12.29 per share, for a total value of $23916.
Following these transactions, Gallo directly owns 817 shares of Parke Bancorp common stock. He also holds 2,200 stock options with an exercise price of $20.14, expiring on August 22, 2028, and 20,000 stock options with an exercise price of $21.66, expiring on June 13, 2032.
In other recent news, Parke Bancorp has declared a quarterly cash dividend of $0.18 per share. This dividend is scheduled for payment on July 18, 2025, to shareholders who are on record by July 3, 2025. The company has noted that while it plans to continue offering quarterly cash dividends, future payments will be contingent on board determinations. Various factors, such as Parke Bancorp’s financial health and regulatory restrictions, may influence these decisions. The New Jersey-based banking company has not provided additional details on potential changes to its dividend strategy. Investors should be aware that dividends could be reduced or eliminated depending on these factors. These updates are part of Parke Bancorp’s ongoing financial announcements.
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