Preferred Bank (PFBC) Posts Earnings Results, Beats Expectations By $0.03 EPS

Preferred Bank (NASDAQ:PFBC) posted its quarterly earnings data on Thursday. The bank reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.03, Bloomberg Earnings reports. Preferred Bank had a net margin of 26.51% and a return on equity of 16.69%.

NASDAQ:PFBC opened at $66.43 on Friday. Preferred Bank has a 1-year low of $47.68 and a 1-year high of $67.65. The firm has a market capitalization of $862.10, a P/E ratio of 19.42, a PEG ratio of 1.42 and a beta of 0.98.

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The company also recently announced a quarterly dividend, which will be paid on Monday, April 23rd. Investors of record on Monday, April 9th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $0.88 annualized dividend and a dividend yield of 1.32%. Preferred Bank’s dividend payout ratio is presently 25.73%.



PFBC has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Preferred Bank from a “buy” rating to a “hold” rating in a report on Saturday, December 30th. BidaskClub upgraded shares of Preferred Bank from a “sell” rating to a “hold” rating in a report on Friday, March 9th. B. Riley reiterated a “buy” rating and issued a $76.00 price objective on shares of Preferred Bank in a report on Wednesday, January 24th. Sandler O’Neill reiterated a “buy” rating and issued a $73.00 price objective on shares of Preferred Bank in a report on Tuesday, January 23rd. Finally, Raymond James upgraded shares of Preferred Bank from an “outperform” rating to a “strong-buy” rating and set a $71.00 price objective on the stock in a report on Tuesday, January 9th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $72.60.

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Preferred Bank Company Profile

Preferred Bank is a commercial bank. The Bank provides deposit services, as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high net worth individuals. The Bank offers various services, such as personal banking, business banking and treasury management.

Earnings History for Preferred Bank (NASDAQ:PFBC)

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