Parke Bancorp (NASDAQ:PKBK) Stock, Quote.Headers.trade-ideas

Parke Bancorp

Parke Bancorp Inc operates as a commercial bank providing personal and financial services to individuals and small to mid-sized businesses in various states of the USA. The bank offers services such as loan products, deposit services, and other financial products through its retail branches and other channels to its customers. Its lending businesses are commercial real estate lending, residential real estate lending, and construction lending among others. The Company operates one reportable segment of business, community banking.

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$2M Bet On This Financial Services Stock? Check Out These 3 Stocks Insiders Are Buying

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Parke Bancorp Inc

Parke Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PKBK#NASDAQ">PKBK</a>) reported quarterly earnings of $0.62 per share. This is a 675 percent increase over earnings of $0.08 per share from the same period last year.

Earnings

Parke Bancorp Q3 EPS $0.62 Up From $0.08 YoY

Parke Bancorp, Inc. (the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PKBK#NASDAQ">PKBK</a>) today announced its Board of Directors approved a plan to repurchase up to 5% of the Company's common stock during the next twelve months, unless completed sooner or otherwise extended.&nbsp; Open market purchases are intended to be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities Exchange Act of 1934.
Repurchases are subject to SEC regulations as well as certain price, market volume and timing constraints specified in the plan.
Vito S. Pantilione, President and Chief Executive Officer of Parke Bancorp and Parke Bank, provided the following statement:

Buybacks

Parke Bancorp Announces Stock Repurchase Plan Of Up To 5% Of The Co's Common Stock

Parke Bancorp Q2 EPS $0.53 vs $0.67 YoY; NII $1.6M, Down 9.8%

Parke Bancorp Q1 Revenue $30.50M

Parke Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PKBK#NASDAQ">PKBK</a>) reported quarterly earnings of $0.51 per share. This is a 44.57 percent decrease over earnings of $0.92 per share from the same period last year.

Parke Bancorp Q1 EPS $0.51 Down From $0.92 YoY

Monday marks the last chance for investors to receive the next dividend payout from Parke Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PKBK#NASDAQ">PKBK</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a quarterly dividend of 18 cents per share. On Tuesday, Parke Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 18 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own PKBK as of the end of Monday's session are eligible to receive the 18 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on January 17, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Parke Bancorp <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Dividends

Monday Is Your Last Chance To Buy Parke Bancorp Before The Dividend Payout

Thursday marks the last chance for investors to receive the next dividend payout from Parke Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PKBK#NASDAQ">PKBK</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a quarterly dividend of 18 cents per share. On Friday, Parke Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 18 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own PKBK as of the end of Thursday's session are eligible to receive the 18 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on October 16, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/PKBK">Monitor live stock price updates for Parke Bancorp on Benzinga.</a>

Parke Bancorp's Ex-Dividend Date Is Friday, Here's What You Need To Know

Parke Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PKBK#NASDAQ">PKBK</a>) reported quarterly earnings of $0.67 per share. This is a 23.86 percent decrease over earnings of $0.88 per share from the same period last year.

Parke Bancorp Q2 EPS $0.67 Down From $0.88 YoY

Thursday marks the last chance for investors to receive the next dividend payout from Parke Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PKBK#NASDAQ">PKBK</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a quarterly dividend of 18 cents per share. On Friday, Parke Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 18 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own PKBK as of the end of Thursday's session are eligible to receive the 18 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on July 24, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Parke Bancorp <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Thursday Is Your Last Chance To Buy Parke Bancorp Before The Dividend Payout

Jeffery H. Kripitz John S. Kaufman, Power of Attorney, Director at Parke Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PKBK#NASDAQ">PKBK</a>), reported a large insider sell on June 15, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001315399/000131539923000050//Archives/edgar/data/1315399/000131539923000050/0001315399-23-000050-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Attorney sold 8,900 shares of Parke Bancorp. The total transaction amounted to $155,839. 
Parke Bancorp shares are trading up 2.41% at $18.08 at the time of this writing on Thursday morning.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001315399">Check Out The Full List Of Parke Bancorp's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Director At This Financials Company Sells $155K of Stock

Jeffery H. Kripitz John S. Kaufman, Power of Attorney, Director at Parke Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PKBK#NASDAQ">PKBK</a>), reported a large insider sell on June 14, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001315399/000131539923000048//Archives/edgar/data/1315399/000131539923000048/0001315399-23-000048-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Attorney sold 6,000 shares of Parke Bancorp. The total transaction amounted to $104,939. 
Parke Bancorp shares are trading up 0.4% at $17.66 at the time of this writing on Wednesday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001315399">Check Out The Full List Of Parke Bancorp's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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