Preferred Bank (PFBC) to Release Quarterly Earnings on Monday

Preferred Bank (NASDAQ:PFBC) is scheduled to be announcing its earnings results before the market opens on Monday, October 21st. Analysts expect the company to announce earnings of $2.39 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Preferred Bank (NASDAQ:PFBC) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $2.48 EPS for the quarter, topping the consensus estimate of $2.39 by $0.09. The firm had revenue of $130.70 million for the quarter, compared to the consensus estimate of $70.55 million. Preferred Bank had a return on equity of 20.24% and a net margin of 27.35%. During the same quarter last year, the company earned $2.61 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 Trading Down 2.1 %

Shares of NASDAQ:PFBC opened at $83.33 on Friday. The stock has a 50 day moving average of $80.11 and a 200 day moving average of $78.08. The company has a market cap of $1.20 billion, a PE ratio of 8.15 and a beta of 0.95. Preferred Bank has a 12-month low of $58.52 and a 12-month high of $91.67. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21.

Preferred Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, October 7th will be given a $0.70 dividend. The ex-dividend date is Monday, October 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.36%. Preferred Bank’s payout ratio is currently 27.37%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PFBC shares. Piper Sandler upped their target price on shares of Preferred Bank from $88.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Stephens boosted their price target on Preferred Bank from $84.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th.

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.