Preferred Bank (NASDAQ:PFBC) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Preferred Bank (NASDAQ:PFBC) released its earnings results on Thursday. The bank reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.09, Zacks reports. Preferred Bank had a net margin of 27.35% and a return on equity of 20.50%. The firm had revenue of $130.70 million during the quarter, compared to analyst estimates of $70.55 million. During the same period last year, the business earned $2.61 earnings per share.

Preferred Bank Stock Up 4.7 %

NASDAQ PFBC traded up $4.08 during mid-day trading on Friday, reaching $91.26. The stock had a trading volume of 168,334 shares, compared to its average volume of 108,434. Preferred Bank has a 1 year low of $58.52 and a 1 year high of $91.45. The stock has a market cap of $1.32 billion, a PE ratio of 8.81 and a beta of 0.98. The company has a fifty day moving average price of $76.80 and a 200 day moving average price of $74.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.07 and a quick ratio of 1.07.

Preferred Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were issued a $0.70 dividend. The ex-dividend date was Friday, July 5th. This represents a $2.80 dividend on an annualized basis and a yield of 3.07%. Preferred Bank’s payout ratio is currently 27.03%.

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 accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts.