Preferred Bank (NASDAQ:PFBC – Get Free Report) is anticipated to release its earnings data after the market closes on Monday, January 27th. Analysts expect Preferred Bank to post earnings of $2.42 per share and revenue of $69,741.00 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Preferred Bank (NASDAQ:PFBC – Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.07. Preferred Bank had a net margin of 26.20% and a return on equity of 19.01%. The firm had revenue of $132.88 million during the quarter, compared to analyst estimates of $68.80 million. During the same quarter last year, the business posted $2.71 EPS. On average, analysts expect Preferred Bank to post $10 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Preferred Bank Trading Up 1.1 %
Preferred Bank stock opened at $87.18 on Monday. The company has a 50 day moving average price of $90.32 and a 200 day moving average price of $84.41. Preferred Bank has a 52 week low of $66.88 and a 52 week high of $99.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 8.74 and a beta of 0.97.
Preferred Bank Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be paid a $0.75 dividend. This is a positive change from Preferred Bank’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.00 dividend on an annualized basis and a yield of 3.44%. Preferred Bank’s dividend payout ratio (DPR) is currently 28.06%.
Analyst Ratings Changes
Separately, Stephens lowered shares of Preferred Bank from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th.
View Our Latest Research Report on Preferred Bank
About Preferred Bank
Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals. The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts.
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