Preferred Bank (PFBC) Expected to Announce Earnings on Monday

Preferred Bank (NASDAQ:PFBC) will likely be announcing 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. Investors that wish to listen to the company’s conference call can do so using this link.

Preferred Bank Trading Up 0.1 %

NASDAQ:PFBC opened at $86.04 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.24 billion, a P/E ratio of 8.62 and a beta of 0.97. The firm has a fifty day simple moving average of $89.51 and a 200-day simple moving average of $84.79. Preferred Bank has a 12 month low of $66.88 and a 12 month high of $99.78.

Preferred Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Friday, January 10th. This is a positive change from Preferred Bank’s previous quarterly dividend of $0.70. Preferred Bank’s payout ratio is presently 30.06%.

Analyst Ratings Changes

Separately, Stephens cut Preferred Bank from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th.

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.