Preferred Bank (PFBC) Set to Announce Quarterly Earnings on Monday

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

Preferred Bank (NASDAQ:PFBC) last announced its earnings results on Thursday, July 25th. The bank reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.09. The firm had revenue of $130.70 million during the quarter, compared to analysts’ expectations 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 in the prior year, the business 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 Stock Down 2.1 %

Shares of Preferred Bank stock opened at $83.33 on Friday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 8.15 and a beta of 0.95. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $80.11 and a two-hundred day moving average price of $78.10. Preferred Bank has a 12-month low of $58.52 and a 12-month high of $91.67.

Preferred Bank Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Piper Sandler increased their price objective on Preferred Bank from $88.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Stephens increased their price objective on Preferred Bank from $84.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th.

About Preferred Bank

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.