Preferred Bank (PFBC) Expected to Announce Earnings on Monday

Preferred Bank (NASDAQ:PFBC) will likely be issuing its quarterly earnings data 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 are interested in registering for the company’s conference call can do so using this link.

Preferred Bank Stock Performance

Shares of PFBC opened at $86.04 on Friday. Preferred Bank has a 1 year low of $66.88 and a 1 year high of $99.78. The stock has a market capitalization of $1.24 billion, a PE ratio of 8.62 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a 50-day simple moving average of $89.51 and a 200-day simple moving average of $84.79.

Preferred Bank Increases Dividend

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

Analysts Set New Price Targets

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