Preferred Bank (NASDAQ:PFBC) – Investment analysts at FIG Partners raised their FY2019 EPS estimates for Preferred Bank in a research note issued on Wednesday. FIG Partners analyst T. Coffey now forecasts that the bank will earn $4.76 per share for the year, up from their previous forecast of $4.15.
Preferred Bank (NASDAQ:PFBC) last released its quarterly earnings results on Tuesday, October 24th. The bank reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.09. Preferred Bank had a net margin of 29.33% and a return on equity of 15.22%. The business had revenue of $36.67 million for the quarter, compared to analysts’ expectations of $34.68 million.
Preferred Bank (NASDAQ:PFBC) traded up $1.05 on Friday, hitting $59.67. 91,000 shares of the stock traded hands, compared to its average volume of 69,867. Preferred Bank has a twelve month low of $46.88 and a twelve month high of $66.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $773.08, a PE ratio of 18.88, a P/E/G ratio of 1.49 and a beta of 0.92.
Several large investors have recently modified their holdings of PFBC. BNP Paribas Arbitrage SA raised its holdings in shares of Preferred Bank by 80.4% during the third 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 during the period. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Preferred Bank during the second quarter worth $220,000. Stevens Capital Management LP acquired a new stake in Preferred Bank in the 3rd quarter valued at $237,000. Voya Investment Management LLC acquired a new stake in Preferred Bank in the 2nd quarter valued at $269,000. Finally, Capital Fund Management S.A. acquired a new stake in Preferred Bank in the 2nd quarter valued at $283,000. Institutional investors and hedge funds own 79.89% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Monday, January 8th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.47%. This is a positive change from Preferred Bank’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, January 5th. Preferred Bank’s dividend payout ratio (DPR) is presently 25.32%.
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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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