Preferred Bank (PFBC) Earns Daily News Impact Rating of 0.19
News articles about Preferred Bank (NASDAQ:PFBC) have trended somewhat positive on Sunday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Preferred Bank earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.6521678630327 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Preferred Bank (NASDAQ:PFBC) opened at 53.31 on Friday. The stock has a market capitalization of $764.89 million, a P/E ratio of 18.31 and a beta of 0.97. Preferred Bank has a 52 week low of $33.45 and a 52 week high of $58.98. The company’s 50-day moving average is $55.32 and its 200 day moving average is $53.72.
Preferred Bank (NASDAQ:PFBC) last released its earnings results on Tuesday, July 18th. The bank reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.05. Preferred Bank had a net margin of 28.91% and a return on equity of 14.18%. The business had revenue of $32.55 million for the quarter, compared to analysts’ expectations of $31.78 million. On average, equities analysts forecast that Preferred Bank will post $3.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were given a $0.20 dividend. The ex-dividend date was Wednesday, July 5th. This is a boost from Preferred Bank’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.50%. Preferred Bank’s dividend payout ratio (DPR) is currently 27.49%.
A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Preferred Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Stephens raised shares of Preferred Bank from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 10th. FBR & Co reissued a “buy” rating on shares of Preferred Bank in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of Preferred Bank from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Saturday, June 24th. Finally, ValuEngine raised shares of Preferred Bank from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Preferred Bank has a consensus rating of “Buy” and a consensus target price of $45.33.
About Preferred Bank
Preferred Bank is a commercial bank. The Bank provides deposit services, as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high net worth individuals. The Bank offers various services, such as personal banking, business banking and treasury management.
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