Preferred Bank (NASDAQ:PFBC) announced a quarterly dividend on Friday, September 22nd, Wall Street Journal reports. Stockholders of record on Friday, October 6th will be given a dividend of 0.20 per share by the bank on Friday, October 20th. This represents a $0.80 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Thursday, October 5th.

Preferred Bank (PFBC) traded up 0.67% during midday trading on Friday, hitting $55.21. 37,014 shares of the stock traded hands. The company’s 50 day moving average is $53.93 and its 200-day moving average is $53.12. Preferred Bank has a one year low of $34.31 and a one year high of $58.98. The company has a market cap of $793.31 million, a P/E ratio of 18.96 and a beta of 0.95.

Preferred Bank (NASDAQ:PFBC) last issued its earnings results on Tuesday, July 18th. The bank reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.05. The business had revenue of $32.55 million for the quarter, compared to the consensus estimate of $31.78 million. Preferred Bank had a net margin of 28.91% and a return on equity of 14.05%. On average, equities research analysts forecast that Preferred Bank will post $3.21 EPS for the current fiscal year.

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Several analysts have recently weighed in on PFBC shares. Zacks Investment Research downgraded shares of Preferred Bank from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. BidaskClub downgraded shares of Preferred Bank from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. ValuEngine raised shares of Preferred Bank from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Stephens raised shares of Preferred Bank from an “equal weight” rating to an “overweight” rating in a report on Monday, July 10th. Finally, FBR & Co reissued a “buy” rating on shares of Preferred Bank in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Preferred Bank presently has a consensus rating of “Hold” and an average price target of $60.50.

Preferred Bank Company Profile

Preferred Bank is a commercial bank. The Bank provides deposit services, as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high net worth individuals. The Bank offers various services, such as personal banking, business banking and treasury management.

Dividend History for Preferred Bank (NASDAQ:PFBC)

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