Preferred Bank (PFBC) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
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%.
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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