Preferred Bank (NASDAQ:PFBC) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 19th. Analysts expect Preferred Bank to post earnings of $0.62 per share for the quarter.
Preferred Bank (NASDAQ:PFBC) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. Preferred Bank had a net margin of 28.55% and a return on equity of 11.83%. On average, analysts expect Preferred Bank to post $2.45 EPS for the current fiscal year and $2.75 EPS for the next fiscal year.
Preferred Bank (NASDAQ:PFBC) opened at 34.47 on Monday. The firm has a market capitalization of $478.68 million, a P/E ratio of 15.18 and a beta of 0.88. Preferred Bank has a one year low of $26.35 and a one year high of $36.82. The stock’s 50 day moving average is $35.19 and its 200 day moving average is $32.52.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 7th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.74%. Preferred Bank’s payout ratio is currently 26.32%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp raised its position in Preferred Bank by 6.8% in the second quarter. Fiera Capital Corp now owns 15,700 shares of the company’s stock worth $453,000 after buying an additional 1,000 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in Preferred Bank during the second quarter worth $217,000. Panagora Asset Management Inc. raised its position in Preferred Bank by 8.5% in the second quarter. Panagora Asset Management Inc. now owns 24,905 shares of the company’s stock worth $719,000 after buying an additional 1,946 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in Preferred Bank by 0.9% in the second quarter. Parametric Portfolio Associates LLC now owns 21,270 shares of the company’s stock worth $614,000 after buying an additional 196 shares in the last quarter. Finally, Maltese Capital Management LLC raised its position in Preferred Bank by 23.1% in the second quarter. Maltese Capital Management LLC now owns 209,300 shares of the company’s stock worth $6,045,000 after buying an additional 39,300 shares in the last quarter. Institutional investors and hedge funds own 60.34% of the company’s stock.
Several equities research analysts have recently issued reports on PFBC shares. Raymond James Financial Inc. upgraded shares of Preferred Bank from an “outperform” rating to a “strong-buy” rating and set a $15.00 price target for the company in a research note on Thursday, August 25th. FBR & Co started coverage on shares of Preferred Bank in a research note on Friday, July 1st. They set an “outperform” rating and a $37.00 price target for the company. Finally, Zacks Investment Research lowered shares of Preferred Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th.
Preferred Bank Company Profile
Preferred Bank is a commercial bank, which offers financial services to individuals and companies in Southern California. 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 individuals.
Receive News & Ratings for Preferred Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Preferred Bank and related companies with MarketBeat.com's FREE daily email newsletter.