Preferred Bank dividend yield calculator – Preferred Bank Announces 0.55 Cash Dividend
April 9, 2023
Dividends Yield
PREFERRED BANK ($NASDAQ:PFBC) made a major announcement on April 1, 2023, when the company declared a cash dividend of 0.55 USD. This dividend represents a decrease from the past three years, where PREFERRED BANK has paid an annual dividend per share of 1.84 USD, resulting in a dividend yield of 2.44% each year. Despite this decrease in dividend payments, PREFERRED BANK still offers one of the highest average dividend yields of any stock on the market. This makes PREFERRED BANK a great option for investors who are looking to invest in dividend stocks.
The ex-dividend date for this stock will be April 5, 2023. This means that anyone who holds shares in the company prior to April 5th will be eligible to receive the 0.55 USD dividend. Investors should also note that there is no guarantee that the dividend will be maintained at this rate in the future, so it is important to stay up to date on any news or changes made by the company.
Share Price
The announcement pushed the stock down slightly, with the price opening at $55.0 and closing at $54.3, a decrease of 0.9% from the previous closing price of 54.8. Investors seemed to take the announcement in stride, as the announcement did not have an effect on the overall trading volume of the stock. This is the first time that Preferred Bank is offering a dividend to its shareholders, signaling positive news for investors. This is a sign of confidence in the bank’s financial status and stability, as the board of directors has decided to reward shareholders with a percentage of its earnings.
It is also an indication that the bank may be looking to attract new investors and reward loyal shareholders. It has also been suggested that this dividend could lead to a future increase in the share price, making it a worthwhile investment for those looking for an opportunity to grow their money. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Preferred Bank. More…
| Total Revenues | Net Income | Net Margin |
| – | 128.84 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Preferred Bank. More…
| Operations | Investing | Financing |
| 143.76 | -699.89 | 273.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Preferred Bank. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.43k | 5.79k | – |
Key Ratios Snapshot
Some of the financial key ratios for Preferred Bank are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.2% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Preferred Bank Intrinsic Stock Value
At GoodWhale, we recently conducted an analysis on PREFERRED BANK to assess its wellbeing. We put the company through our proprietary Valuation Line which uses a combination of market-based and financial statement-based metrics to estimate a company’s intrinsic value. Our data showed us that the value of a PREFERRED BANK share is approximately $77.1. Currently, the PREFERRED BANK stock is traded at $54.3, which is undervalued by 29.6%. This discrepancy in price presents an opportunity for investors to benefit from buying PREFERRED BANK shares at a discount. As one of the leading financial analysis companies, we believe that PREFERRED BANK shares offer a great risk-reward profile for investors looking to capitalize on this opportunity. More…
Peers
The bank has over $11 billion in assets and operates over 60 branches in California, Texas, New York, Illinois, and Nevada. The bank offers a full range of banking services, including deposits, loans, credit cards, and online banking. The bank’s primary competitors are Touchmark Bancshares Inc, Solvay Bank, and PCB Bancorp.
– Touchmark Bancshares Inc ($OTCPK:TMAK)
Mark cap for Touchmark Bancshares Inc has been on a steady decline since 2016. In 2016, the market cap was $16.4 million. As of 2022, the market cap has declined to $13.9 million. The company provides banking and financial services to businesses and individuals in the United States. The company has a network of branches in Arizona, Colorado, and Texas.
– Solvay Bank ($OTCPK:SOBS)
Solvay Bank is a regional bank headquartered in Solvay, New York. The Bank has 36 full-service branches serving the Central New York market, which includes the cities of Syracuse, Rochester and Albany. Solvay Bank offers a full range of personal and business banking products and services, including checking and savings accounts, loans, mortgages, credit cards and investment services. The Bank is a subsidiary of Solvay Bank Corporation, a New York corporation.
– PCB Bancorp ($NASDAQ:PCB)
The company’s market cap is $280.46M as of 2022. It is a regional bank that serves the Philadelphia metropolitan area. The bank has over $2.5B in assets and operates more than 60 branches.
Summary
PREFERRED BANK is an attractive option for dividend investors due to its impressive average dividend yield of 2.44% over the past three years. With an annual dividend per share of 1.84 USD, investors can enjoy a reliable income from the company in addition to any potential capital appreciation. The bank’s financial performance and dividend yield predictions should be monitored closely by any serious investor looking to gain exposure to this stock.
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