Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Preferred Bank (PFBC) have what it takes? Let's find out.
LOS ANGELES, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today announced the completion of its $32 million stock repurchase program. The Bank purchased 464,438 shares for total consideration of $31,999,779. Chairman and CEO Li Yu remarked, “With our significant earnings power and strong capital levels, the Bank may commence additional stock repurchases in the future, provided we receive shareholder and regulatory approval. We w
Preferred Bank (PFBC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.