Preferred Bank (NASDAQ:PFBC) Releases Earnings Results

Preferred Bank (NASDAQ:PFBC) issued its quarterly earnings data on Monday. The bank reported $2.25 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.17), Zacks reports. Preferred Bank had a net margin of 26.20% and a return on equity of 19.01%.

Preferred Bank Trading Up 1.3 %

Shares of PFBC opened at $87.67 on Wednesday. Preferred Bank has a 1-year low of $66.88 and a 1-year high of $99.78. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $89.27 and its 200-day moving average price is $85.02. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 8.78 and a beta of 0.97.

Preferred Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were issued a $0.75 dividend. The ex-dividend date was Friday, January 10th. This is a positive change from Preferred Bank’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 3.42%. Preferred Bank’s dividend payout ratio is 31.15%.

Analysts Set New Price Targets

Separately, Stephens lowered Preferred Bank from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th.

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. 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.