Dividend On Watch: Preferred Bank (NASDAQ:PFBC) expected to pay $0.15 on Oct 21, 2016

Dividend On Watch: Preferred Bank (NASDAQ:PFBC) expected to pay $0.15 on Oct 21, 2016

Preferred Bank (NASDAQ:PFBC) is expected to pay $0.15 on Oct 21, 2016. The indicated annual dividend is $0.60. Shareholders owning the stock before Oct 5, 2016 will be eligible to receive the payout. Based on Preferred Bank’s current price of $34.79, the dividend is 0.43%. This dividend’s record date is Oct 7, 2016 and the announcement date is Sep 23, 2016. The stock decreased 2.69% or $0.96 during the last trading session, hitting $34.79. Preferred Bank (NASDAQ:PFBC) has risen 16.90% since March 1, 2016 and is uptrending. It has outperformed by 7.66% the S&P500.

Preferred Bank is a commercial bank, which offers financial services to individuals and companies in Southern California. The company has a market cap of $500.38 million. 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 individuals. It has a 15.39 P/E ratio. The Company’s loan portfolio includes over four categories of loans, such as real estate mini-permanent loans, real estate construction loans, commercial loans and trade finance loans.

Preferred Bank (NASDAQ:PFBC) Ratings Coverage

Out of 2 analysts covering Preferred Bank (NASDAQ:PFBC), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Preferred Bank has been the topic of 4 analyst reports since August 25, 2015 according to StockzIntelligence Inc. Raymond James downgraded the stock to “Outperform” rating in Monday, October 5 report. The rating was initiated by FBR Capital on Friday, July 1 with “Outperform”. The stock has “Outperform” rating given by Raymond James on Tuesday, August 25. The stock has “Outperform” rating given by FBR Capital on Friday, July 22.

Another recent and important Preferred Bank (NASDAQ:PFBC) news was published by Equitiesfocus.com which published an article titled: “Preferred Bank (NASDAQ:PFBC) Long-Term PEG Ratio At 1.47” on October 03, 2016.

PFBC Company Profile

Preferred Bank, incorporated on September 9, 1991, is a commercial bank, which offers financial services to individuals and companies in Southern California. Through its branch network, the Bank provides a range of financial services that include demand, time and savings deposits, and real estate, and business and consumer lending. The Bank provides deposits, and loan services and products to clients primarily within various categories, including real estate finance consisting of investors and developers within the real estate industry and of owner-occupied properties in Southern California; middle market business consisting of manufacturing, service and distribution companies; international trade finance consisting of importers and exporters based in the United States requiring both borrowing and operational products; high-wealth banking consisting of wealthy individuals residing in the Pacific Rim area with residences, real estate investments or businesses in Southern California, and professionals consisting of physicians, accountants, attorneys, business managers and other professionals.

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