Preferred Bank (NASDAQ:PFBC – Get Free Report) announced a quarterly dividend on Wednesday, March 18th. Investors of record on Tuesday, April 7th will be given a dividend of 0.80 per share by the bank on Tuesday, April 21st. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, April 7th.
Preferred Bank has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Preferred Bank has a payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Preferred Bank to earn $10.20 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 31.4%.
Preferred Bank Stock Performance
Shares of PFBC opened at $91.19 on Friday. The stock has a market cap of $1.32 billion, a PE ratio of 8.79 and a beta of 0.57. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. Preferred Bank has a 52-week low of $71.90 and a 52-week high of $103.05. The firm’s fifty day moving average is $89.20 and its two-hundred day moving average is $92.05.
About Preferred Bank
Preferred Bank (NASDAQ: PFBC) is a California-chartered commercial bank headquartered in Los Angeles. The institution offers a full range of banking products and services to businesses and individuals, with a particular emphasis on commercial real estate lending, business banking, treasury management and deposit accounts. Preferred Bank operates through branch offices across Southern California and national loan production offices in major U.S. markets.
The bank’s core lending portfolio focuses on commercial real estate acquisition, development and investment properties.
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