Preferred Bank (PFBC) To Go Ex-Dividend on October 5th

Preferred Bank (NASDAQ:PFBC) declared a quarterly dividend on Wednesday, September 16th. Shareholders of record on Monday, October 5th will be given a dividend of 0.80 per share by the bank on Monday, October 19th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, October 5th.

Preferred Bank has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Preferred Bank has a payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Preferred Bank to earn $10.94 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 29.3%.

Preferred Bank Trading Down 0.3%

PFBC opened at $105.85 on Friday. The firm’s 50 day moving average is $104.97 and its 200-day moving average is $98.61. Preferred Bank has a 52-week low of $81.50 and a 52-week high of $112.26. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $1.53 billion, a P/E ratio of 9.68 and a beta of 0.54.

Preferred Bank (NASDAQ:PFBC) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.13. Preferred Bank had a net margin of 26.54% and a return on equity of 17.27%. The firm had revenue of $73.47 million for the quarter, compared to analyst estimates of $73.60 million. Analysts expect that Preferred Bank will post 10.71 EPS for the current fiscal year.

About Preferred Bank

Preferred Bank (NASDAQ: PFBC) is a California-chartered commercial bank headquartered in Los Angeles. Founded in 1991, the bank provides banking and financial services to businesses, professionals and individuals, with a particular focus on small and middle-market companies and the Chinese-American community.

The bank offers commercial and industrial loans, commercial real estate financing, construction loans, small business lending, residential mortgage loans and consumer credit. Its deposit products include checking, savings, money market and time deposit accounts, along with treasury management, online banking and other cash-management services for business customers.

Preferred Bank serves customers through a network of branches and offices in California and the New York metropolitan area, including markets in Southern California, Northern California and communities in the New York region.