Preferred Bank (PFBC) to Issue Quarterly Dividend of $0.80 on October 19th

Preferred Bank (NASDAQ:PFBC) announced a quarterly dividend on Wednesday, September 16th. Stockholders of record on Monday, October 5th will be paid a dividend of $0.80 per share by the bank on Monday, October 19th. This represents a $3.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, October 5th.

Preferred Bank has raised its dividend payment by an average of 0.2%annually 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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Preferred Bank to earn $11.04 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 29.0%.

Preferred Bank Stock Up 0.5%

Shares of PFBC stock opened at $106.48 on Friday. Preferred Bank has a one year low of $81.50 and a one year high of $112.26. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a fifty day moving average price of $105.19 and a 200 day moving average price of $99.89. The stock has a market cap of $1.54 billion, a P/E ratio of 9.73 and a beta of 0.57.

Preferred Bank (NASDAQ:PFBC) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.13. Preferred Bank had a return on equity of 17.27% and a net margin of 26.54%.The company had revenue of $73.47 million for the quarter, compared to analyst estimates of $73.60 million. Analysts predict that Preferred Bank will post 10.72 earnings per share for the current year.

Preferred Bank Company Profile

Preferred Bank (NASDAQ:PFBC) is a commercial bank headquartered in Los Angeles, California. Founded in 1991, the bank provides banking and financial services to businesses, professionals, real estate investors and individuals, with a particular focus on small and medium-sized businesses and communities in California and New York.

The bank offers a range of deposit products, including checking, savings, money market accounts and certificates of deposit. Its lending activities include commercial real estate loans, commercial and industrial financing, residential real estate loans, small business loans and consumer lending.