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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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
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