Brokerages forecast that Preferred Bank (NASDAQ:PFBC) will announce earnings per share of $1.12 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Preferred Bank’s earnings. The highest EPS estimate is $1.16 and the lowest is $1.08. Preferred Bank reported earnings per share of $0.80 in the same quarter last year, which would indicate a positive year-over-year growth rate of 40%. The company is scheduled to report its next earnings report on Tuesday, July 17th.
On average, analysts expect that Preferred Bank will report full-year earnings of $4.68 per share for the current fiscal year, with EPS estimates ranging from $4.45 to $4.91. For the next fiscal year, analysts forecast that the company will report earnings of $5.31 per share, with EPS estimates ranging from $5.14 to $5.65. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Preferred Bank.
Preferred Bank (NASDAQ:PFBC) last announced its earnings results on Thursday, April 19th. The bank reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. Preferred Bank had a return on equity of 18.48% and a net margin of 28.88%. The company had revenue of $37.71 million during the quarter, compared to analysts’ expectations of $37.29 million.
Shares of Preferred Bank stock opened at $65.18 on Thursday. Preferred Bank has a 12 month low of $48.89 and a 12 month high of $67.65. The stock has a market cap of $859.59 million, a P/E ratio of 19.06, a PEG ratio of 1.41 and a beta of 0.98.
A number of hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN raised its position in Preferred Bank by 3.6% in the 1st quarter. Wells Fargo & Company MN now owns 31,273 shares of the bank’s stock valued at $2,007,000 after purchasing an additional 1,095 shares in the last quarter. Thomson Horstmann & Bryant Inc. raised its position in Preferred Bank by 1.7% in the 1st quarter. Thomson Horstmann & Bryant Inc. now owns 67,980 shares of the bank’s stock valued at $4,364,000 after purchasing an additional 1,117 shares in the last quarter. Eqis Capital Management Inc. raised its position in Preferred Bank by 26.6% in the 4th quarter. Eqis Capital Management Inc. now owns 5,577 shares of the bank’s stock valued at $328,000 after purchasing an additional 1,172 shares in the last quarter. Affinity Investment Advisors LLC raised its position in Preferred Bank by 26.5% in the 1st quarter. Affinity Investment Advisors LLC now owns 5,595 shares of the bank’s stock valued at $359,000 after purchasing an additional 1,172 shares in the last quarter. Finally, Barclays PLC raised its position in Preferred Bank by 27.5% in the 1st quarter. Barclays PLC now owns 5,789 shares of the bank’s stock valued at $372,000 after purchasing an additional 1,247 shares in the last quarter. 86.77% of the stock is currently owned by institutional investors.
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 in the United States. The company's deposit products include checking, savings, negotiable order of withdrawal, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts.
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