Preferred Bank (PFBC) to Release Earnings on Monday

Preferred Bank (NASDAQ:PFBC) is anticipated to announce its earnings results after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of $2.42 per share and revenue of $69,741.00 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Preferred Bank Trading Up 0.1 %

Shares of PFBC stock opened at $86.04 on Friday. The firm has a market cap of $1.24 billion, a P/E ratio of 8.62 and a beta of 0.97. The firm’s 50-day simple moving average is $89.51 and its 200-day simple moving average is $84.71. Preferred Bank has a 1-year low of $66.88 and a 1-year high of $99.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.08 and a quick ratio of 1.08.

Preferred Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Friday, January 10th. This is an increase from Preferred Bank’s previous quarterly dividend of $0.70. Preferred Bank’s dividend payout ratio (DPR) is currently 30.06%.

Wall Street Analyst Weigh In

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.