Preferred Bank Announces Quarterly Dividend of $0.75 (NASDAQ:PFBC)

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

Preferred Bank has a payout ratio of 30.6% meaning 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 $3.00 annual dividend with an expected future payout ratio of 29.4%.

Preferred Bank Price Performance

Shares of NASDAQ PFBC opened at $90.03 on Friday. 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 cap of $1.30 billion, a price-to-earnings ratio of 9.52 and a beta of 0.71. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s 50-day simple moving average is $92.57 and its 200 day simple moving average is $87.34.

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

Preferred Bank Company Profile

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.