Preferred Bank rises against the tide on share buyback plan revival

Preferred Bank

07/06/2022 16:55

** Shares of Preferred Bank  PFBC.O  up 1.8% at $69.47, even
as shares of most U.S. banks drop  urn:newsml:reuters.com:*:nL4N2XU2J0
    ** Co restarts share repurchase plan to buy back up to $32
mln worth of common stock  urn:newsml:reuters.com:*:nGNX8L5DTG
    ** Already repurchased $18 mln worth of common stock in
2021, PFBC says
    ** YTD, PFBC stock is down 3.5%
    

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))