Preferred Bank (NASDAQ:PFBC) released its earnings results on Wednesday. The bank reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.02, Fidelity Earnings reports. Preferred Bank had a return on equity of 17.86% and a net margin of 30.57%.

PFBC stock opened at $59.41 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $771.50 million, a P/E ratio of 17.37, a PEG ratio of 1.26 and a beta of 0.93. Preferred Bank has a 1-year low of $55.65 and a 1-year high of $69.48.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, October 5th will be issued a $0.25 dividend. The ex-dividend date is Thursday, October 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.68%. Preferred Bank’s payout ratio is currently 29.24%.

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Preferred Bank from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Saturday, October 6th. BidaskClub upgraded Preferred Bank from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 6th. Raymond James upgraded Preferred Bank from an “outperform” rating to a “strong-buy” rating in a report on Thursday, October 4th. ValuEngine downgraded Preferred Bank from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Finally, B. Riley lifted their price objective on Preferred Bank from $76.00 to $80.00 and gave the company a “buy” rating in a report on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $72.20.

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 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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Earnings History for Preferred Bank (NASDAQ:PFBC)

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