Preferred Bank (PFBC) to Release Earnings on Friday

Preferred Bank (NASDAQ:PFBC - Get Free Report) is expected to be releasing its earnings data before the market opens on Friday, April 25th. Analysts expect Preferred Bank to post earnings of $2.32 per share and revenue of $70.78 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Preferred Bank (NASDAQ:PFBC - Get Free Report) last released its earnings results on Monday, January 27th. The bank reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.17). Preferred Bank had a return on equity of 17.80% and a net margin of 25.00%. On average, analysts expect Preferred Bank to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Preferred Bank Price Performance

Shares of PFBC stock traded up $1.73 during trading hours on Friday, reaching $81.03. The company's stock had a trading volume of 130,162 shares, compared to its average volume of 83,422. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.19. Preferred Bank has a fifty-two week low of $71.43 and a fifty-two week high of $99.78. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 8.41 and a beta of 0.71. The firm's 50 day simple moving average is $83.54 and its 200-day simple moving average is $86.67.

Preferred Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.70%. The ex-dividend date is Monday, April 7th. Preferred Bank's dividend payout ratio (DPR) is presently 31.15%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Piper Sandler increased their target price on shares of Preferred Bank from $101.00 to $111.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. DA Davidson increased their price objective on shares of Preferred Bank from $98.00 to $101.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Stephens restated an "equal weight" rating and issued a $100.00 target price on shares of Preferred Bank in a research report on Thursday, January 30th.

About Preferred Bank

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. The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts.