Preferred Bank (NASDAQ:PFBC) declares a quarterly cash dividend of $0.30 per share

On Dec. 09, 2019, Preferred Bank (NASDAQ:PFBC) an independent commercial bank focusing on the diversified California market,  revealed that the Board of Directors has declared a quarterly cash dividend of $0.30 per share. The dividend is payable on January 21, 2020 to holders of record on January 7, 2020.

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. 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.

On Friday, Preferred Bank (NASDAQ:PFBC) stock recorded daily change of 0.67% to close at $57.29 with the total traded volume of 59284 shares along average volume of 49305 shares 52 week range of the stock remained $ 39.87 – 57.37 while its day low price was $56.38 and its hit its day high price at $57.37. Its previous closing value stands at $56.91. PFBC total market capitalization is $874573112. Currently stocks EPS is $5.07 while its price to earnings ratio is 11.29.

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