Achieving Growth and Investor Rewards: Preferred Bank Flourishes with Strong Performance and Rising Profits
Portfolio Pulse from Benzinga Insights
Preferred Bank (NASDAQ:PFBC) is set to deliver a dividend payout of $0.55 per share, equating to an annualized dividend yield of 3.56%. The company has seen a notable growth in its dividend per share from $1.20 to $1.84 between 2019 and 2022. Its earnings per share also increased from $5.08 to $7.81 during the same period. Sandy Spring Bancorp (NASDAQ:SASR) has the highest annualized dividend yield at 6.63% among its peers.
October 20, 2023 | 3:05 pm
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NEUTRAL IMPACT
Sandy Spring Bancorp has the highest annualized dividend yield at 6.63% among its peers.
Sandy Spring Bancorp is mentioned as a comparison to Preferred Bank in terms of dividend yield. While it has a higher yield, the news does not provide any specific information that would impact the stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Preferred Bank's dividend payout and increased earnings per share suggest a positive financial trend, potentially leading to continued profit distribution to shareholders.
The increase in both dividend per share and earnings per share from 2019 to 2022 for Preferred Bank indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders. This is likely to have a positive impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100