Preferred Bank (PFBC) to Release Earnings on Tuesday
Preferred Bank (NASDAQ:PFBC) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 24th. Analysts expect Preferred Bank to post earnings of $0.82 per share for the quarter.
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 business had revenue of $32.55 million during the quarter, compared to analyst estimates of $31.78 million. Preferred Bank had a net margin of 28.91% and a return on equity of 14.05%. On average, analysts expect Preferred Bank to post $3.21 EPS for the current fiscal year and $3.71 EPS for the next fiscal year.
Preferred Bank (PFBC) opened at 58.84 on Tuesday. The company has a market cap of $845.47 million, a price-to-earnings ratio of 20.21 and a beta of 0.94. The stock’s 50 day moving average is $55.72 and its 200 day moving average is $53.77. Preferred Bank has a 52-week low of $34.34 and a 52-week high of $60.99.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.80 annualized dividend and a yield of 1.36%. Preferred Bank’s dividend payout ratio is currently 27.49%.
Several research firms have issued reports on PFBC. FBR & Co reiterated a “buy” rating on shares of Preferred Bank in a research note on Wednesday, July 19th. BidaskClub lowered Preferred Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Stephens upgraded Preferred Bank from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 10th. Finally, Zacks Investment Research lowered Preferred Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $65.00.
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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.
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