Brokerages forecast that Preferred Bank (NASDAQ:PFBC) will announce earnings of $1.31 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Preferred Bank’s earnings, with estimates ranging from $1.28 to $1.36. Preferred Bank posted earnings per share of $1.20 in the same quarter last year, which would suggest a positive year over year growth rate of 9.2%. The company is expected to announce its next quarterly earnings report on Wednesday, October 16th.
On average, analysts expect that Preferred Bank will report full year earnings of $5.14 per share for the current fiscal year, with EPS estimates ranging from $5.06 to $5.24. For the next year, analysts expect that the firm will report earnings of $5.42 per share, with EPS estimates ranging from $5.19 to $5.57. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Preferred Bank.
Preferred Bank (NASDAQ:PFBC) last announced its quarterly earnings data on Wednesday, July 17th. The bank reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.03. Preferred Bank had a return on equity of 17.73% and a net margin of 33.21%. The company had revenue of $43.83 million for the quarter, compared to analyst estimates of $43.82 million.
Shares of NASDAQ:PFBC traded down $0.43 during trading on Friday, hitting $49.96. 151 shares of the stock were exchanged, compared to its average volume of 79,440. Preferred Bank has a 1-year low of $39.87 and a 1-year high of $64.14. The stock has a market capitalization of $756.71 million, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 0.96 and a beta of 1.19. The company has a fifty day moving average price of $49.68. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.22.
The business also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.40%. The ex-dividend date was Friday, July 5th. Preferred Bank’s dividend payout ratio is 26.37%.
A number of hedge funds have recently made changes to their positions in PFBC. Quantamental Technologies LLC acquired a new stake in Preferred Bank in the 1st quarter valued at $31,000. Panagora Asset Management Inc. boosted its stake in Preferred Bank by 39.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,105 shares of the bank’s stock valued at $52,000 after buying an additional 312 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Preferred Bank by 72,425.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,901 shares of the bank’s stock valued at $130,000 after buying an additional 2,897 shares in the last quarter. Convergence Investment Partners LLC acquired a new stake in Preferred Bank in the 1st quarter valued at $139,000. Finally, SG Americas Securities LLC acquired a new stake in Preferred Bank in the 1st quarter valued at $199,000. 76.51% of the stock is currently owned by institutional investors and hedge funds.
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 in the United States. The company's deposit products include checking, savings, 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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