Preferred Bank (NASDAQ:PFBC) will be announcing its earnings results after the market closes on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.62 per share for the quarter.

Preferred Bank (NASDAQ:PFBC) last posted its earnings results on Wednesday, July 20th. The company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Preferred Bank had a return on equity of 11.83% and a net margin of 28.55%. On average, analysts expect Preferred Bank to post $2.45 EPS for the current fiscal year and $2.75 EPS for the next fiscal year.

Earnings History for Preferred Bank (NASDAQ:PFBC)

Preferred Bank (NASDAQ:PFBC) opened at 34.47 on Monday. The firm’s 50-day moving average price is $35.19 and its 200 day moving average price is $32.52. The company has a market capitalization of $478.68 million, a price-to-earnings ratio of 15.18 and a beta of 0.88. Preferred Bank has a 12-month low of $26.35 and a 12-month high of $36.82.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, October 5th. Preferred Bank’s payout ratio is presently 26.32%.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut Preferred Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Raymond James Financial Inc. upgraded Preferred Bank from an “outperform” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research note on Thursday, August 25th. Finally, FBR & Co upped their target price on Preferred Bank from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, July 22nd.

Several hedge funds and other institutional investors have recently made changes to their positions in PFBC. Teachers Advisors Inc. increased its position in shares of Preferred Bank by 18.3% in the second quarter. Teachers Advisors Inc. now owns 19,660 shares of the company’s stock valued at $568,000 after buying an additional 3,037 shares during the period. FMR LLC increased its position in shares of Preferred Bank by 47.5% in the second quarter. FMR LLC now owns 340,530 shares of the company’s stock valued at $9,833,000 after buying an additional 109,630 shares during the period. Deere & Co. increased its position in shares of Preferred Bank by 14.8% in the second quarter. Deere & Co. now owns 9,301 shares of the company’s stock valued at $269,000 after buying an additional 1,201 shares during the period. American International Group Inc. increased its position in shares of Preferred Bank by 2.2% in the second quarter. American International Group Inc. now owns 6,990 shares of the company’s stock valued at $202,000 after buying an additional 150 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Preferred Bank by 1.5% in the second quarter. Alliancebernstein L.P. now owns 59,475 shares of the company’s stock valued at $1,717,000 after buying an additional 878 shares during the period. Institutional investors own 60.34% of the company’s stock.

Preferred Bank Company Profile

Preferred Bank is a commercial bank, which offers financial services to individuals and companies in Southern California. 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 individuals.

5 Day Chart for NASDAQ:PFBC

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