Preferred Bank (NASDAQ:PFBC) – Analysts at FBR & Co lowered their Q3 2017 EPS estimates for Preferred Bank in a report released on Tuesday. FBR & Co analyst S. Moss now expects that the bank will post earnings of $0.86 per share for the quarter, down from their previous estimate of $0.87. FBR & Co has a “Buy” rating on the stock.
Several other research analysts have also recently issued reports on PFBC. BidaskClub cut Preferred Bank from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Zacks Investment Research cut Preferred Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Stephens upgraded Preferred Bank from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $65.00.
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Shares of Preferred Bank (NASDAQ PFBC) opened at 58.62 on Thursday. The company has a market capitalization of $842.31 million, a P/E ratio of 20.13 and a beta of 0.94. The company has a 50-day moving average price of $55.69 and a 200 day moving average price of $53.74. Preferred Bank has a 12-month low of $34.34 and a 12-month high of $60.99.
Preferred Bank (NASDAQ:PFBC) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $0.80 EPS for the quarter, topping the consensus estimate of $0.75 by $0.05. Preferred Bank had a return on equity of 14.05% and a net margin of 28.91%. The company had revenue of $32.55 million during the quarter, compared to the consensus estimate of $31.78 million.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, October 5th. Preferred Bank’s dividend payout ratio (DPR) is 27.49%.
Institutional investors have recently bought and sold shares of the stock. US Bancorp DE grew its holdings in Preferred Bank by 14.5% during the first quarter. US Bancorp DE now owns 3,402 shares of the bank’s stock worth $183,000 after acquiring an additional 431 shares during the period. SG Americas Securities LLC grew its holdings in Preferred Bank by 86.9% during the first quarter. SG Americas Securities LLC now owns 3,726 shares of the bank’s stock worth $200,000 after acquiring an additional 1,732 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in Preferred Bank during the first quarter worth about $207,000. Sheaff Brock Investment Advisors LLC acquired a new stake in Preferred Bank during the second quarter worth about $220,000. Finally, Eqis Capital Management Inc. grew its holdings in Preferred Bank by 9.4% during the second quarter. Eqis Capital Management Inc. now owns 4,486 shares of the bank’s stock worth $240,000 after acquiring an additional 385 shares during the period. 78.83% of the stock is currently owned by hedge funds and other institutional investors.
Preferred Bank Company Profile
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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