Preferred Bank (PFBC) Projected to Post Quarterly Earnings on Monday

Preferred Bank (NASDAQ:PFBC) is projected to issue its quarterly earnings data 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 interested in registering for the company’s conference call can do so using this link.

Preferred Bank (NASDAQ:PFBC) last released its quarterly earnings data on Monday, October 21st. The bank reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.07. The firm 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 quarter in the prior year, the business earned $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 Price Performance

PFBC opened at $87.18 on Monday. The company’s 50-day moving average price is $90.32 and its 200 day moving average price is $84.41. Preferred Bank has a fifty-two week low of $66.88 and a fifty-two week high of $99.78. The firm has a market cap of $1.26 billion, a price-to-earnings 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be paid a $0.75 dividend. The ex-dividend date is Friday, January 10th. This represents a $3.00 annualized dividend and a dividend yield of 3.44%. This is a positive change from Preferred Bank’s previous quarterly dividend of $0.70. Preferred Bank’s dividend payout ratio (DPR) is presently 28.06%.

Analyst Upgrades and Downgrades

Separately, Stephens lowered shares of Preferred Bank from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th.

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. 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.