Wall Street analysts predict that Preferred Bank (NASDAQ:PFBC – Get Rating) will report earnings per share of $1.80 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Preferred Bank’s earnings, with the lowest EPS estimate coming in at $1.72 and the highest estimate coming in at $1.86. Preferred Bank posted earnings per share of $1.44 in the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The firm is scheduled to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Preferred Bank will report full year earnings of $7.41 per share for the current financial year, with EPS estimates ranging from $7.18 to $7.75. For the next financial year, analysts expect that the company will post earnings of $8.17 per share, with EPS estimates ranging from $7.76 to $8.95. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Preferred Bank.
Preferred Bank (NASDAQ:PFBC – Get Rating) last issued its quarterly earnings results on Tuesday, April 19th. The bank reported $1.74 EPS for the quarter, topping the consensus estimate of $1.69 by $0.05. Preferred Bank had a net margin of 44.96% and a return on equity of 17.38%. During the same quarter in the previous year, the business earned $1.42 EPS.
Shares of NASDAQ PFBC opened at $66.21 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $71.98 and its two-hundred day moving average price is $73.18. Preferred Bank has a 52-week low of $57.27 and a 52-week high of $81.97. The stock has a market capitalization of $996.46 million, a P/E ratio of 9.82 and a beta of 1.25.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 21st. Shareholders of record on Thursday, April 7th were paid a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, April 6th. This represents a $1.72 annualized dividend and a dividend yield of 2.60%. Preferred Bank’s payout ratio is currently 25.52%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Preferred Bank by 2.3% during the first quarter. Vanguard Group Inc. now owns 887,727 shares of the bank’s stock valued at $65,773,000 after acquiring an additional 19,892 shares during the period. State Street Corp increased its stake in shares of Preferred Bank by 15.9% during the first quarter. State Street Corp now owns 646,205 shares of the bank’s stock valued at $47,877,000 after acquiring an additional 88,699 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Preferred Bank by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 621,638 shares of the bank’s stock valued at $41,451,000 after acquiring an additional 4,868 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Preferred Bank by 8.2% during the fourth quarter. Nuveen Asset Management LLC now owns 545,920 shares of the bank’s stock valued at $39,192,000 after acquiring an additional 41,382 shares during the period. Finally, Stieven Capital Advisors L.P. increased its stake in shares of Preferred Bank by 3.2% during the third quarter. Stieven Capital Advisors L.P. now owns 313,697 shares of the bank’s stock valued at $20,917,000 after acquiring an additional 9,700 shares during the period. Institutional investors and hedge funds own 73.22% of the company’s stock.
Preferred Bank Company Profile (Get Rating)
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 accepts checking, savings, 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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