Preferred Bank (NASDAQ:PFBC) Releases Quarterly Earnings Results, Meets Estimates
Preferred Bank (NASDAQ:PFBC) announced its earnings results on Wednesday. The bank reported $1.32 EPS for the quarter, hitting the consensus estimate of $1.32, Bloomberg Earnings reports. The business had revenue of $43.21 million for the quarter, compared to the consensus estimate of $44.22 million. Preferred Bank had a return on equity of 17.73% and a net margin of 33.21%.
NASDAQ:PFBC opened at $50.71 on Thursday. The stock’s fifty day moving average price is $51.95 and its two-hundred day moving average price is $49.13. Preferred Bank has a 52-week low of $39.87 and a 52-week high of $60.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $792.23 million, a price-to-earnings ratio of 11.15 and a beta of 1.19.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, October 7th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Friday, October 4th. Preferred Bank’s dividend payout ratio is 26.37%.
Preferred Bank Company Profile
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, 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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