Preferred Bank (NASDAQ:PFBC) – Research analysts at FIG Partners boosted their FY2018 earnings estimates for Preferred Bank in a note issued to investors on Wednesday. FIG Partners analyst T. Coffey now forecasts that the bank will post earnings of $3.67 per share for the year, up from their prior estimate of $3.52.

Preferred Bank (NASDAQ:PFBC) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $0.80 EPS for the quarter, topping the consensus estimate of $0.75 by $0.05. The company had revenue of $32.55 million for the quarter, compared to analyst estimates of $31.78 million. Preferred Bank had a return on equity of 14.18% and a net margin of 28.91%.

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A number of other analysts have also recently weighed in on the company. Stephens initiated coverage on Preferred Bank in a research report on Thursday, April 6th. They set an “equal weight” rating on the stock. FBR & Co reiterated a “buy” rating on shares of Preferred Bank in a research report on Thursday, April 20th. Zacks Investment Research cut Preferred Bank from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. ValuEngine upgraded Preferred Bank from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded Preferred Bank from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $45.33.

Preferred Bank (PFBC) traded down 0.50% on Friday, hitting $57.39. The stock had a trading volume of 41,426 shares. Preferred Bank has a 12-month low of $31.25 and a 12-month high of $58.98. The company has a market cap of $822.40 million, a price-to-earnings ratio of 21.13 and a beta of 0.96. The company’s 50 day moving average price is $52.95 and its 200-day moving average price is $53.22.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.39%. This is a boost from Preferred Bank’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, July 5th. Preferred Bank’s dividend payout ratio is presently 27.49%.

Hedge funds have recently made changes to their positions in the company. Nuveen Asset Management LLC boosted its stake in shares of Preferred Bank by 52.5% in the first quarter. Nuveen Asset Management LLC now owns 530,245 shares of the bank’s stock worth $28,453,000 after buying an additional 182,564 shares during the last quarter. Rothschild Asset Management Inc. boosted its stake in shares of Preferred Bank by 243.5% in the first quarter. Rothschild Asset Management Inc. now owns 111,121 shares of the bank’s stock worth $5,963,000 after buying an additional 78,772 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Preferred Bank by 38.5% in the first quarter. Wellington Management Group LLP now owns 195,104 shares of the bank’s stock worth $10,469,000 after buying an additional 54,200 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Preferred Bank by 314.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 66,940 shares of the bank’s stock worth $3,592,000 after buying an additional 50,806 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Preferred Bank by 10.2% in the first quarter. Vanguard Group Inc. now owns 522,054 shares of the bank’s stock worth $28,013,000 after buying an additional 48,266 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Preferred Bank Company Profile

Preferred Bank is a commercial bank. The Bank provides deposit services, as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high net worth individuals. The Bank offers various services, such as personal banking, business banking and treasury management.

Earnings History and Estimates for Preferred Bank (NASDAQ:PFBC)

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