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Preferred Bank Buyback

OLI recorded this information on 1/9/2024

Company: Preferred Bank
Buyback: PFBC buyback
$Amount Authorized: $50,000,000
Buyback Details: 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.

Preferred Bank is a commercial bank and is engaged in commercial, real estate, and international lending to customers with businesses domiciled in the state of California. Co.'s loan portfolio includes: real estate mortgage loans; commercial loans; real estate construction loans; Small Business Administration loans; and trade finance. Co. provides an array of deposit products such as regular checking, savings and money market deposit accounts; fixed-rate, fixed maturity retail certificates of deposit (CDs); and individual retirement accounts and non-retail CDs. Co. provides remote deposit capture both through online and mobile banking or courier service to pick up non-cash deposits.

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Company Name:  Preferred Bank (Los Angeles, CA)
Stock buyback:  PFBC buyback
Website:  www.preferredbank.com
Sector:  Banking & Savings
Number of ETFs Holding PFBC:  47
Total Market Value Held by ETFs:  $178.26M
Total Market Capitalization:  $141.00M
% of Market Cap. Held by ETFs:  126.43%
 

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April 19, 2024    11:57 AM Eastern
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Buy (3.20 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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