Brokerages expect Preferred Bank (NASDAQ:PFBC) to post $0.90 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Preferred Bank’s earnings. The lowest EPS estimate is $0.89 and the highest is $0.90. Preferred Bank reported earnings of $0.71 per share in the same quarter last year, which would suggest a positive year over year growth rate of 26.8%. The business is scheduled to announce its next earnings results on Thursday, January 18th.

On average, analysts expect that Preferred Bank will report full-year earnings of $3.34 per share for the current fiscal year, with EPS estimates ranging from $3.30 to $3.35. For the next fiscal year, analysts expect that the company will report earnings of $3.82 per share, with EPS estimates ranging from $3.68 to $3.90. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Preferred Bank.

Preferred Bank (NASDAQ:PFBC) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.94 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.09. The company had revenue of $36.67 million during the quarter, compared to analysts’ expectations of $34.68 million. Preferred Bank had a return on equity of 15.22% and a net margin of 29.33%.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Preferred Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. FBR & Co reaffirmed a “buy” rating and set a $70.00 price objective (up from $65.00) on shares of Preferred Bank in a report on Wednesday, October 25th. Finally, ValuEngine cut shares of Preferred Bank from a “buy” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $68.50.

Preferred Bank (NASDAQ PFBC) opened at $65.95 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.35. Preferred Bank has a twelve month low of $44.35 and a twelve month high of $66.58. The company has a market capitalization of $835.20, a price-to-earnings ratio of 20.04, a P/E/G ratio of 1.90 and a beta of 0.92.

Several large investors have recently made changes to their positions in the company. Teachers Advisors LLC lifted its stake in Preferred Bank by 30.0% during the first quarter. Teachers Advisors LLC now owns 30,803 shares of the bank’s stock worth $1,653,000 after purchasing an additional 7,116 shares in the last quarter. Vanguard Group Inc. increased its holdings in Preferred Bank by 10.2% in the first quarter. Vanguard Group Inc. now owns 522,054 shares of the bank’s stock valued at $28,013,000 after buying an additional 48,266 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Preferred Bank by 9.0% during the 1st quarter. Geode Capital Management LLC now owns 111,798 shares of the bank’s stock worth $5,999,000 after purchasing an additional 9,218 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Preferred Bank by 7.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 474,744 shares of the bank’s stock worth $25,475,000 after buying an additional 30,981 shares during the period. Finally, Morgan Stanley grew its position in shares of Preferred Bank by 11.2% during the 1st quarter. Morgan Stanley now owns 75,133 shares of the bank’s stock valued at $4,033,000 after buying an additional 7,558 shares during the last quarter. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

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

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