Preferred Bank (NASDAQ:PFBC) released its earnings results on Wednesday. The bank reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02, Fidelity Earnings reports. Preferred Bank had a net margin of 30.57% and a return on equity of 17.86%.
Shares of PFBC opened at $59.41 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.28. Preferred Bank has a 1 year low of $55.65 and a 1 year high of $69.48. The company has a market cap of $771.50 million, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.26 and a beta of 0.93.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, October 5th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, October 4th. Preferred Bank’s dividend payout ratio (DPR) is currently 29.24%.
PFBC has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Preferred Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. BidaskClub upgraded shares of Preferred Bank from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 6th. Raymond James raised shares of Preferred Bank from an “outperform” rating to a “strong-buy” rating in a report on Thursday, October 4th. ValuEngine lowered shares of Preferred Bank from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Finally, Stephens lowered shares of Preferred Bank from an “overweight” rating to an “equal weight” rating in a report on Friday, July 6th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Preferred Bank currently has a consensus rating of “Buy” and an average target price of $72.20.
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, negotiable order of withdrawal, 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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