Preferred Bank (NASDAQ:PFBC – Get Free Report) released its quarterly earnings results on Monday. The bank reported $2.46 EPS for the quarter, topping the consensus estimate of $2.39 by $0.07, Yahoo Finance reports. The company had revenue of $132.88 million for the quarter, compared to analyst estimates of $68.80 million. Preferred Bank had a return on equity of 20.24% and a net margin of 27.35%. During the same quarter in the previous year, the company posted $2.71 earnings per share.
Preferred Bank Price Performance
Shares of NASDAQ PFBC opened at $81.63 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $80.23 and its 200 day moving average price is $78.17. Preferred Bank has a 52 week low of $58.52 and a 52 week high of $91.67. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 7.88 and a beta of 0.95.
Preferred Bank Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Monday, October 7th. Preferred Bank’s dividend payout ratio (DPR) is 27.03%.
Analysts Set New Price Targets
View Our Latest Research Report on Preferred Bank
About Preferred Bank
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.
Featured Articles
- Five stocks we like better than Preferred Bank
- How to Invest in the Best Canadian StocksĀ
- Is CoStar Group Stock a Buy Before Earnings? Analysts Think So
- Want to Profit on the Downtrend? Downtrends, Explained.
- 3 Stocks Driving the Shift to Nuclear Energy for AI Power
- Most active stocks: Dollar volume vs share volume
- Utilities Outperform in 2024: 3 Stocks to Keep on Your Radar
Receive News & Ratings for Preferred Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Preferred Bank and related companies with MarketBeat.com's FREE daily email newsletter.