Preferred Bank (PFBC) Posts Earnings Results, Beats Estimates By $0.09 EPS
Preferred Bank (NASDAQ:PFBC) released its quarterly earnings data on Tuesday. The bank reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.09, reports. Preferred Bank had a net margin of 28.91% and a return on equity of 14.05%.
Shares of Preferred Bank (PFBC) traded up 1.06% during trading on Tuesday, reaching $58.88. 79,031 shares of the company traded hands. The stock has a market capitalization of $846.05 million, a P/E ratio of 20.22 and a beta of 0.94. Preferred Bank has a 12-month low of $35.12 and a 12-month high of $60.99. The firm’s 50 day moving average is $56.46 and its 200-day moving average is $54.03.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.36%. Preferred Bank’s dividend payout ratio (DPR) is presently 27.49%.
A number of research firms have recently issued reports on PFBC. FBR & Co reissued a “buy” rating on shares of Preferred Bank in a research report on Wednesday, July 19th. BidaskClub cut shares of Preferred Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Stephens raised shares of Preferred Bank from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 10th. Finally, Zacks Investment Research cut shares of Preferred Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Preferred Bank presently has a consensus rating of “Hold” and a consensus target price of $65.00.
About Preferred Bank
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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