Preferred Bank (PFBC) Expected to Announce Earnings on Monday

Preferred Bank (NASDAQ:PFBC - Get Free Report) will likely be issuing 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 released its earnings results on Friday, April 25th. The bank reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.10). The business had revenue of $65.96 million during the quarter, compared to the consensus estimate of $70.78 million. Preferred Bank had a net margin of 24.87% and a return on equity of 16.88%. During the same period in the prior year, the company earned $2.44 earnings per share. 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 Stock Performance

Shares of PFBC stock traded up $1.68 during trading on Thursday, hitting $93.03. The company's stock had a trading volume of 62,812 shares, compared to its average volume of 87,767. The company has a market cap of $1.34 billion, a PE ratio of 9.88 and a beta of 0.69. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average of $85.86 and a 200-day moving average of $85.05. Preferred Bank has a 52 week low of $71.90 and a 52 week high of $99.78.

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

Preferred Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Tuesday, July 8th. Preferred Bank's dividend payout ratio is presently 31.85%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC lifted its position in shares of Preferred Bank by 81.0% during the 1st quarter. Jane Street Group LLC now owns 66,428 shares of the bank's stock valued at $5,557,000 after buying an additional 29,729 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Preferred Bank by 19.1% in the first 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Preferred Bank by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,266 shares of the bank's stock valued at $608,000 after purchasing an additional 202 shares during the period. Hedge funds and other institutional investors own 72.77% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on PFBC shares. Stephens reissued an "equal weight" rating and set a $91.00 price objective on shares of Preferred Bank in a report on Tuesday, April 29th. DA Davidson dropped their price target 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, Piper Sandler dropped their price target 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.

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.