Preferred Bank (NASDAQ:PFBC) is scheduled to announce its earnings results after the market closes on Wednesday, July 17th. Analysts expect the company to announce earnings of $1.28 per share for the quarter.
Preferred Bank (NASDAQ:PFBC) last released its quarterly earnings data on Wednesday, April 17th. The bank reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.06. Preferred Bank had a return on equity of 17.82% and a net margin of 33.75%. The business had revenue of $42.77 million during the quarter, compared to analyst estimates of $42.96 million. On average, analysts expect Preferred Bank to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of Preferred Bank stock opened at $48.85 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. Preferred Bank has a twelve month low of $39.87 and a twelve month high of $67.15. The company has a 50-day simple moving average of $46.35. The stock has a market cap of $733.24 million, a price-to-earnings ratio of 10.74, a PEG ratio of 0.94 and a beta of 1.20.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.20 annualized dividend and a dividend yield of 2.46%. Preferred Bank’s dividend payout ratio is presently 26.37%.
Several brokerages recently weighed in on PFBC. Raymond James restated a “buy” rating on shares of West Fraser Timber in a research note on Monday, April 22nd. ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. DA Davidson cut their price target on Skyworks Solutions to $95.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. FIG Partners restated an “outperform” rating on shares of RBB Bancorp in a research note on Friday, April 12th. Finally, B. Riley set a $75.00 price target on Comerica and gave the company a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $53.40.
Preferred Bank Company Profile
Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals in the United States. The company's deposit products include checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts.
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