Preferred Bank (NASDAQ:PFBC) Issues Quarterly Earnings Results

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

Preferred Bank Price Performance

PFBC stock opened at $86.56 on Tuesday. The firm has a market cap of $1.25 billion, a P/E ratio of 8.67 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.08 and a current ratio of 1.08. Preferred Bank has a 1 year low of $66.88 and a 1 year high of $99.78. The stock has a 50-day simple moving average of $89.51 and a 200-day simple moving average of $84.86.

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 paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Friday, January 10th. This is a boost from Preferred Bank’s previous quarterly dividend of $0.70. Preferred Bank’s payout ratio is currently 30.06%.

Analyst Upgrades and Downgrades

Separately, Stephens lowered shares of Preferred Bank from an “overweight” rating to an “equal weight” rating in a 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.