Preferred Bank (NASDAQ:PFBC – Get Rating) is set to post its quarterly earnings results after the market closes on Tuesday, April 18th. Analysts expect Preferred Bank to post earnings of $2.60 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Preferred Bank (NASDAQ:PFBC – Get Rating) last released its quarterly earnings data on Wednesday, January 18th. The bank reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.14. The firm had revenue of $76.92 million during the quarter, compared to the consensus estimate of $74.13 million. Preferred Bank had a return on equity of 21.40% and a net margin of 42.35%. 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
PFBC stock opened at $50.23 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $724.82 million, a P/E ratio of 5.76 and a beta of 1.05. The business has a 50-day moving average price of $62.91 and a 200 day moving average price of $69.04. Preferred Bank has a 1-year low of $50.10 and a 1-year high of $77.75.
Preferred Bank Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 21st. Stockholders of record on Friday, April 7th will be paid a dividend of $0.55 per share. The ex-dividend date is Wednesday, April 5th. This represents a $2.20 annualized dividend and a dividend yield of 4.38%. Preferred Bank’s payout ratio is currently 25.23%.
Institutional Trading of Preferred Bank
Institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. boosted its position in shares of Preferred Bank by 181.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,770 shares of the bank’s stock worth $131,000 after buying an additional 1,141 shares in the last quarter. JPMorgan Chase & Co. grew its position in Preferred Bank by 14.9% in the first quarter. JPMorgan Chase & Co. now owns 92,335 shares of the bank’s stock valued at $6,841,000 after acquiring an additional 12,002 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Preferred Bank by 59.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,352 shares of the bank’s stock valued at $99,000 after acquiring an additional 505 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Preferred Bank by 58.1% in the 1st quarter. MetLife Investment Management LLC now owns 7,506 shares of the bank’s stock worth $556,000 after purchasing an additional 2,759 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Preferred Bank by 12.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,642 shares of the bank’s stock worth $863,000 after purchasing an additional 1,280 shares during the last quarter. 71.08% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Stephens restated an “overweight” rating and set a $81.00 target price on shares of Preferred Bank in a research report on Monday, March 13th. DA Davidson restated a “neutral” rating on shares of Preferred Bank in a research report on Wednesday, April 5th. Finally, StockNews.com started coverage on Preferred Bank in a report on Thursday, March 16th. They issued a “hold” rating on the stock.
Preferred Bank Company Profile
Preferred Bank operates as an independent commercial bank. It offers real estate financing for residential, commercial, industrial, and other income producing properties. Its business and consumer products include checking, savings, money market, and certificate of deposit accounts. The firm also offers treasury management services such as account reconciliation, remote deposit, cash and check courier services, merchant processing, and ACH credit origination.
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