PFBC - Preferred Bank: Interesting Dividend But Under Certain Conditions
2024-06-03 11:00:44 ET
Summary
- Preferred Bank is a small bank with strong performance and a fast-growing dividend, making it attractive to investors.
- The bank's profitability is above average, with a high loan yield and positive asset results.
- The CEO believes that the U.S. economy is resilient and that the worst is behind us, but the bank needs to improve its balance sheet structure to prepare for potential rate reductions.
Preferred Bank ( PFBC ) is a small bank, with equity of about $700 million and total assets of $6.75 billion. It is based in Los Angeles, and its strong performance in recent years is making it interesting in the eyes of investors....
Preferred Bank: Interesting Dividend But Under Certain Conditions