Preferred Bank Announces Continuation of Share Repurchase Plan
Preferred Bank (PFBC)
Last preferred bank earnings: 4/22 04:05 pm
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US:NASDAQ Investor Relations:
1firstbank.com/pr/en/help-center/investor-relations
Company Research
Source: GlobeNewswire
LOS ANGELES, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced that the Board of Directors has approved the repurchase of another $50 million of the Bank’s common stock. The shares will be purchased in the open market. Recall that at the Annual Shareholder’s Meeting on May 16, 2023, the Bank’s shareholders approved a stock repurchase plan which calls for the repurchase of up to a total of $150 million of the Bank’s common stock. On June 12, 2023, the Bank announced that the Board had approved the first $50 million in repurchases under that blanket shareholder approval and those stock repurchases were completed in October of 2023. The average price of the shares purchased was $58.59. About Preferred Bank Preferred 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 Insuranc
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News
- Preferred Bank (NASDAQ:PFBC) Released Earnings Last Week And Analysts Lifted Their Price Target To US$87.75 [Yahoo! Finance]Yahoo! Finance
- Preferred Bank (PFBC) Upgraded to Buy: What Does It Mean for the Stock? [Yahoo! Finance]Yahoo! Finance
- Preferred Bank (NASDAQ:PFBC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Compared to Estimates, Preferred Bank (PFBC) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- Preferred Bank Reports Quarterly Results [Yahoo! Finance]Yahoo! Finance
PFBC
Earnings
- 4/23/24 - Beat
PFBC
Sec Filings
- 2/14/24 - Form SC
- 2/13/24 - Form SC
- PFBC's page on the SEC website