Preferred Bank Announces Quarterly Cash Dividend
Preferred Bank (NASDAQ: PFBC) has declared a quarterly cash dividend of $0.38 per share, payable on October 21, 2021, to shareholders of record as of October 7, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Preferred Bank (NASDAQ: PFBC) has declared a quarterly cash dividend of $0.38 per share, payable on October 21, 2021, to shareholders of record as of October 7, 2021. This follows the Bank's ongoing commitment to return value to its shareholders while continuing to provide a range of banking services. Headquartered in Los Angeles, Preferred Bank operates multiple branches across California and New York, focusing on serving commercial and consumer banking needs.
Positive
- Quarterly cash dividend of $0.38 per share demonstrates commitment to shareholder returns.
- Strong operational presence with multiple branches in California and New York, enhancing market access.
Negative
- None.
Details
News Market Reaction – PFBC
The recorded move for PFBC in the trading session of this news was +4.01%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LOS ANGELES, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has declared a quarterly cash dividend of
About Preferred Bank
Preferred Bank (the “Bank”) is one of the larger independent commercial banks headquartered in California. The Bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Bank conducts its banking business from its main office in Los Angeles, California, and through eleven full-service branch banking offices in California (Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana and San Francisco (2)) and one branch in Flushing, New York. In addition, the Bank operates a loan production office in the Houston suburb of Sugar Land, Texas. Preferred Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers. The Bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Although originally founded as a Chinese-American Bank, Preferred Bank now derives most of its customers from the diversified mainstream market but does continue to benefit from the significant migration to California of ethnic Chinese from China and other areas of East Asia.
| AT THE COMPANY: Edward J. Czajka Executive Vice President Chief Financial Officer (213) 891-1188 | AT FINANCIAL PROFILES: Jeffrey Haas General Information (310) 622-8240 PFBC@finprofiles.com |
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