Equities research analysts forecast that Preferred Bank (NASDAQ:PFBC) will announce sales of $36.37 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Preferred Bank’s earnings. The lowest sales estimate is $35.80 million and the highest is $36.79 million. Preferred Bank posted sales of $29.35 million during the same quarter last year, which suggests a positive year over year growth rate of 23.9%. The firm is expected to announce its next quarterly earnings results on Thursday, January 18th.

On average, analysts expect that Preferred Bank will report full-year sales of $36.37 million for the current financial year, with estimates ranging from $135.20 million to $137.15 million. For the next financial year, analysts expect that the business will post sales of $159.96 million per share, with estimates ranging from $152.50 million to $165.02 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Preferred Bank.

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

PFBC has been the subject of several research reports. Zacks Investment Research cut Preferred Bank from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. FBR & Co reaffirmed a “buy” rating and set a $70.00 target price (up previously from $65.00) on shares of Preferred Bank in a research note on Wednesday, October 25th. ValuEngine cut Preferred Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub raised Preferred Bank from a “sell” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Preferred Bank currently has an average rating of “Buy” and an average target price of $68.50.

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA lifted its stake in Preferred Bank by 80.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,415 shares of the bank’s stock worth $146,000 after acquiring an additional 1,076 shares in the last quarter. Sheaff Brock Investment Advisors LLC purchased a new stake in Preferred Bank in the 2nd quarter worth about $220,000. Stevens Capital Management LP purchased a new stake in Preferred Bank in the 3rd quarter worth about $237,000. Voya Investment Management LLC purchased a new stake in Preferred Bank in the 2nd quarter worth about $269,000. Finally, Capital Fund Management S.A. purchased a new stake in shares of Preferred Bank during the 2nd quarter worth about $283,000. 80.11% of the stock is owned by hedge funds and other institutional investors.

Preferred Bank (NASDAQ PFBC) traded up $0.25 during trading hours on Thursday, hitting $63.75. The stock had a trading volume of 44,738 shares, compared to its average volume of 81,972. Preferred Bank has a 12 month low of $46.88 and a 12 month high of $66.58. The company has a market capitalization of $849.31, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.93 and a beta of 0.92. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.04.

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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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