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home / news releases / PKBK - Parke Bancorp: Offering A 3% Dividend Yield With A 20% Payout Ratio

PKBK - Parke Bancorp: Offering A 3% Dividend Yield With A 20% Payout Ratio

Parke Bancorp Inc.
  • 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 CRE loan and there shouldn't be heavy losses.
  • The bank didn't record any additional loan loss provisions further boosting the EPS to $0.85 in Q1.
  • Trading at less than 8X earnings and at just 1.1X TBV, Parke Bancorp is getting very interesting from both a value and income perspective.

For further details see:

Parke Bancorp: Offering A 3% Dividend Yield With A 20% Payout Ratio
Stock Information
Company Name: Parke Bancorp Inc.
Stock Symbol: PKBK
Market: NASDAQ
Website: parkebank.com
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