Equities research analysts expect Preferred Bank (NASDAQ:PFBC) to report earnings of $0.75 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Preferred Bank’s earnings, with estimates ranging from $0.72 to $0.76. Preferred Bank posted earnings of $0.61 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 23%. The firm is expected to issue its next quarterly earnings report on Wednesday, July 19th.
On average, analysts expect that Preferred Bank will report full year earnings of $3.05 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.11. For the next financial year, analysts anticipate that the company will post earnings of $3.48 per share, with EPS estimates ranging from $3.37 to $3.65. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Preferred Bank.
Preferred Bank (NASDAQ:PFBC) last announced its quarterly earnings results on Wednesday, April 19th. The bank reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.01. Preferred Bank had a return on equity of 12.83% and a net margin of 28.23%. The firm had revenue of $30.53 million for the quarter, compared to analysts’ expectations of $30 million.
PFBC has been the topic of several recent analyst reports. FBR & Co reiterated a “buy” rating on shares of Preferred Bank in a research note on Thursday, April 20th. Stephens initiated coverage on Preferred Bank in a report on Thursday, April 6th. They set an “equal weight” rating on the stock.
Several large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in Preferred Bank by 122.8% in the first quarter. Bank of Montreal Can now owns 83,131 shares of the bank’s stock valued at $4,461,000 after buying an additional 45,827 shares during the period. Allianz Asset Management AG increased its stake in Preferred Bank by 42.4% in the fourth quarter. Allianz Asset Management AG now owns 79,742 shares of the bank’s stock valued at $4,180,000 after buying an additional 23,745 shares during the period. AQR Capital Management LLC increased its stake in Preferred Bank by 66.3% in the fourth quarter. AQR Capital Management LLC now owns 102,303 shares of the bank’s stock valued at $5,363,000 after buying an additional 40,796 shares during the period. Systematic Financial Management LP increased its stake in Preferred Bank by 174.0% in the fourth quarter. Systematic Financial Management LP now owns 95,230 shares of the bank’s stock valued at $4,992,000 after buying an additional 60,480 shares during the period. Finally, Federated Investors Inc. PA increased its stake in Preferred Bank by 29.6% in the fourth quarter. Federated Investors Inc. PA now owns 24,009 shares of the bank’s stock valued at $1,259,000 after buying an additional 5,488 shares during the period. 67.61% of the stock is currently owned by institutional investors.
Shares of Preferred Bank (NASDAQ:PFBC) traded down 1.340% during mid-day trading on Wednesday, reaching $54.105. The company’s stock had a trading volume of 3,475 shares. Preferred Bank has a 52-week low of $27.07 and a 52-week high of $58.12. The firm has a 50 day moving average price of $51.94 and a 200 day moving average price of $50.34. The firm has a market cap of $774.46 million, a price-to-earnings ratio of 19.950 and a beta of 1.07.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Friday, April 7th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Wednesday, April 5th. Preferred Bank’s dividend payout ratio (DPR) is 28.02%.
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About Preferred Bank
Preferred Bank is a commercial bank. 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 high net worth individuals. The Bank offers various services, such as personal banking, business banking and treasury management.
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