Preferred Bank (PFBC) Set to Announce Quarterly Earnings on Monday

Preferred Bank (NASDAQ:PFBC) is scheduled to issue its quarterly earnings data after the market closes on Monday, January 22nd. Analysts expect the company to announce earnings of $0.85 per share for the quarter.

Preferred Bank (NASDAQ:PFBC) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The firm had revenue of $36.67 million during the quarter, compared to analysts’ expectations of $34.68 million. Preferred Bank had a net margin of 29.33% and a return on equity of 15.22%. On average, analysts expect Preferred Bank to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Preferred Bank (NASDAQ:PFBC) traded up $0.20 during mid-day trading on Monday, reaching $63.40. 101,900 shares of the company’s stock were exchanged, compared to its average volume of 96,800. The firm has a market capitalization of $836.12, a PE ratio of 20.06, a P/E/G ratio of 1.44 and a beta of 0.92. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35. Preferred Bank has a 12-month low of $46.88 and a 12-month high of $66.58.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 22nd. Shareholders of record on Monday, January 8th will be paid a $0.22 dividend. The ex-dividend date is Friday, January 5th. This represents a $0.88 dividend on an annualized basis and a yield of 1.39%. This is a boost from Preferred Bank’s previous quarterly dividend of $0.20. Preferred Bank’s dividend payout ratio (DPR) is currently 27.85%.

PFBC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Preferred Bank from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Saturday, October 28th. FBR & Co reiterated a “buy” rating and issued a $70.00 price target (up previously from $65.00) on shares of Preferred Bank in a research note on Wednesday, October 25th. BidaskClub upgraded shares of Preferred Bank from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine cut shares of Preferred Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Raymond James Financial upgraded shares of Preferred Bank from an “outperform” rating to a “strong-buy” rating and set a $71.00 price target for the company in a research note on Tuesday, January 9th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $71.33.

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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.

Earnings History for Preferred Bank (NASDAQ:PFBC)

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