Preferred Bank (NASDAQ:PFBC) Issues Earnings Results, Misses Expectations By $0.17 EPS

Preferred Bank (NASDAQ:PFBC) issued its quarterly earnings results on Monday. The bank reported $2.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.17), Zacks reports. Preferred Bank had a net margin of 26.20% and a return on equity of 19.01%.

Preferred Bank Trading Up 0.6 %

NASDAQ:PFBC traded up $0.52 on Monday, reaching $86.56. 66,282 shares of the company’s stock were exchanged, compared to its average volume of 77,406. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 8.67 and a beta of 0.97. Preferred Bank has a 52-week low of $66.88 and a 52-week high of $99.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $89.51 and a 200-day moving average of $84.86.

Preferred Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.47%. This is a boost from Preferred Bank’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, January 10th. Preferred Bank’s dividend payout ratio is 30.06%.

Wall Street Analyst Weigh In

Separately, Stephens cut shares of Preferred Bank from an “overweight” rating to an “equal weight” rating in a research 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.