Preferred Bank (NASDAQ:PFBC) posted its quarterly earnings results on Wednesday. The bank reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.02, Fidelity Earnings reports. The firm had revenue of $40.91 million for the quarter, compared to analyst estimates of $41.19 million. Preferred Bank had a return on equity of 18.39% and a net margin of 31.74%.
NASDAQ:PFBC opened at $59.60 on Friday. The company has a market cap of $783.50 million, a price-to-earnings ratio of 13.47, a P/E/G ratio of 1.28 and a beta of 0.93. Preferred Bank has a twelve month low of $55.65 and a twelve month high of $69.48. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.28.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, October 5th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Thursday, October 4th. Preferred Bank’s dividend payout ratio (DPR) is 29.24%.
About Preferred Bank
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, negotiable order of withdrawal, 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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