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

Preferred Bank (NASDAQ:PFBC) is set to issue 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. Investors interested in listening to 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 for the quarter, beating analysts’ consensus estimates of $2.39 by $0.09. Preferred Bank had a return on equity of 20.24% and a net margin of 27.35%. The company had revenue of $130.70 million during the quarter, compared to analyst estimates of $70.55 million. During the same period last year, the company posted $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 Performance

Shares of NASDAQ:PFBC opened at $83.33 on Friday. Preferred Bank has a twelve month low of $58.52 and a twelve month high of $91.67. The firm has a market cap of $1.20 billion, a PE ratio of 8.15 and a beta of 0.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.07. The business has a fifty day moving average of $80.11 and a 200-day moving average of $78.10.

Preferred Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Monday, October 7th will be paid 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 dividend payout ratio (DPR) is presently 27.37%.

Wall Street Analysts Forecast Growth

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

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.