Preferred Bank (NASDAQ:PFBC - Get Free Report) is expected to announce its earnings results after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of $2.42 per share and revenue of $69,741.00 billion for the quarter. Parties that wish to listen to the company's conference call can do so using this link.
Preferred Bank (NASDAQ:PFBC - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.46 EPS for the quarter, topping analysts' consensus estimates of $2.39 by $0.07. The business had revenue of $132.88 million for the quarter, compared to analyst estimates of $68.80 million. Preferred Bank had a net margin of 26.20% and a return on equity of 19.01%. During the same period last year, the business posted $2.71 earnings per share. On average, analysts expect Preferred Bank to post $10 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Preferred Bank Stock Up 1.1 %
PFBC traded up $0.98 during trading on Monday, hitting $87.18. The company had a trading volume of 79,865 shares, compared to its average volume of 78,726. The firm's 50-day moving average price is $90.32 and its 200 day moving average price is $84.41. The company has a market capitalization of $1.26 billion, a PE ratio of 8.74 and a beta of 0.97. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.20. Preferred Bank has a one year low of $66.88 and a one year high of $99.78.
Preferred Bank Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.44%. This is a positive change from Preferred Bank's previous quarterly dividend of $0.70. The ex-dividend date is Friday, January 10th. Preferred Bank's payout ratio is 30.06%.
Analyst Upgrades and Downgrades
Separately, Stephens downgraded Preferred Bank from an "overweight" rating to an "equal weight" rating in a report on Monday, December 9th.
Check Out Our Latest Stock Report on Preferred Bank
Preferred Bank Company Profile
(
Get Free Report)
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.
Further Reading
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