Preferred Bank (PFBC) Posts Earnings Results, Beats Expectations By $0.12 EPS
Preferred Bank (NASDAQ:PFBC) issued its quarterly earnings data on Monday. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12, reports. Preferred Bank had a return on equity of 15.22% and a net margin of 29.33%.
Shares of Preferred Bank (NASDAQ PFBC) traded down $1.05 during trading hours on Monday, hitting $65.89. The stock had a trading volume of 148,036 shares, compared to its average volume of 112,071. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $949.94, a PE ratio of 20.92, a PEG ratio of 1.52 and a beta of 0.92. Preferred Bank has a 12 month low of $46.88 and a 12 month high of $67.65.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 22nd. Stockholders of record on Monday, January 8th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, January 5th. This is a boost from Preferred Bank’s previous quarterly dividend of $0.20. Preferred Bank’s payout ratio is currently 27.94%.
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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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