Preferred Bank (NASDAQ:PFBC) Posts Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Posted by Jessica Moore on Jan 27th, 2025

Preferred Bank (NASDAQ:PFBC – Get Free Report) announced its quarterly earnings data on Monday. The bank reported $2.25 EPS for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.17), Zacks reports. Preferred Bank had a return on equity of 19.01% and a net margin of 26.20%.

Preferred Bank Stock Up 0.6 %

NASDAQ PFBC traded up $0.52 during trading hours on Monday, hitting $86.56. 66,091 shares of the company traded hands, compared to its average volume of 77,406. 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 business’s 50-day moving average is $89.51 and its 200-day moving average is $84.86. Preferred Bank has a twelve month low of $66.88 and a twelve month high of $99.78. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 8.67 and a beta of 0.97.

Preferred Bank Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 9th were given 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 3.47%. This is an increase from Preferred Bank’s previous quarterly dividend of $0.70. Preferred Bank’s dividend payout ratio (DPR) is 30.06%.

Wall Street Analyst Weigh In

Separately, Stephens downgraded shares of Preferred Bank from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th.

View Our Latest Stock Report on Preferred Bank

Preferred Bank Company Profile

(Get Free Report)

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.