Preferred Bank (PFBC) To Go Ex-Dividend on October 7th

Preferred Bank (NASDAQ:PFBC) announced a quarterly dividend on Tuesday, September 16th, RTT News reports. Shareholders of record on Tuesday, October 7th will be given a dividend of 0.75 per share by the bank on Tuesday, October 21st. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, October 7th.

Preferred Bank has a payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Preferred Bank to earn $10.20 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 29.4%.

Preferred Bank Stock Up 0.4%

NASDAQ PFBC opened at $90.03 on Friday. The business has a fifty day moving average price of $92.57 and a two-hundred day moving average price of $87.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 1.07. Preferred Bank has a fifty-two week low of $71.90 and a fifty-two week high of $99.78. The stock has a market capitalization of $1.30 billion, a PE ratio of 9.52 and a beta of 0.71.

Preferred Bank (NASDAQ:PFBC) last announced its quarterly earnings results on Monday, July 21st. The bank reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Preferred Bank had a return on equity of 16.64% and a net margin of 25.04%.The company had revenue of $69.05 million during the quarter, compared to analysts’ expectations of $70.96 million. Equities analysts expect that Preferred Bank will post 9.81 earnings per share for the current fiscal year.

About Preferred Bank

Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals. The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts.