Preferred Bank (PFBC) to Release Quarterly Earnings on Monday

Preferred Bank (NASDAQ:PFBC - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data before the market opens on Monday, July 21st. Analysts expect the company to announce earnings of $2.43 per share and revenue of $70.96 million for the quarter.

Preferred Bank (NASDAQ:PFBC - Get Free Report) last issued its earnings results on Friday, April 25th. The bank reported $2.23 EPS for the quarter, missing analysts' consensus estimates of $2.33 by ($0.10). The firm had revenue of $65.96 million during the quarter, compared to analysts' expectations of $70.78 million. Preferred Bank had a net margin of 24.87% and a return on equity of 16.88%. During the same quarter in the prior year, the company earned $2.44 EPS. On average, analysts expect Preferred Bank to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Preferred Bank Price Performance

PFBC stock traded down $0.18 during midday trading on Tuesday, reaching $92.58. The stock had a trading volume of 1,778 shares, compared to its average volume of 88,320. Preferred Bank has a 52-week low of $71.90 and a 52-week high of $99.78. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 9.83 and a beta of 0.69. The company's fifty day simple moving average is $85.07 and its 200 day simple moving average is $84.89. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19.

Preferred Bank declared that its board has initiated a share buyback plan on Thursday, May 22nd that authorizes the company to repurchase $125.00 million in outstanding shares. This repurchase authorization authorizes the bank to reacquire up to 10.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Preferred Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.24%. The ex-dividend date is Tuesday, July 8th. Preferred Bank's payout ratio is 31.85%.

Institutional Investors Weigh In On Preferred Bank

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Preferred Bank by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,266 shares of the bank's stock worth $608,000 after buying an additional 202 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Preferred Bank by 19.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 25,931 shares of the bank's stock valued at $2,169,000 after purchasing an additional 4,158 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Preferred Bank by 81.0% in the 1st quarter. Jane Street Group LLC now owns 66,428 shares of the bank's stock valued at $5,557,000 after purchasing an additional 29,729 shares during the period. Hedge funds and other institutional investors own 72.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PFBC shares. Piper Sandler reduced their price objective on Preferred Bank from $108.00 to $96.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. DA Davidson cut their target price on Preferred Bank from $95.00 to $90.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, Stephens reiterated an "equal weight" rating and set a $91.00 price target on shares of Preferred Bank in a research note on Tuesday, April 29th.

Preferred Bank Company Profile

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.