Media coverage about Preferred Bank (NASDAQ:PFBC) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Preferred Bank earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave news articles about the bank an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the near future.
A number of research firms have recently weighed in on PFBC. BidaskClub lowered shares of Preferred Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. FBR & Co restated a “buy” rating on shares of Preferred Bank in a research report on Wednesday, July 19th. Stephens upgraded shares of Preferred Bank from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 10th. Zacks Investment Research raised shares of Preferred Bank from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Saturday, June 24th. Finally, ValuEngine raised shares of Preferred Bank from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $45.33.
Preferred Bank (NASDAQ:PFBC) traded down 1.11% during midday trading on Friday, reaching $53.31. 56,396 shares of the company traded hands. Preferred Bank has a 12 month low of $33.45 and a 12 month high of $58.98. The firm has a market capitalization of $764.89 million, a PE ratio of 18.31 and a beta of 0.97. The company’s 50-day moving average price is $55.32 and its 200 day moving average price is $53.72.
Preferred Bank (NASDAQ:PFBC) last announced its quarterly earnings results on Tuesday, July 18th. The bank reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.05. Preferred Bank had a return on equity of 14.18% and a net margin of 28.91%. The firm had revenue of $32.55 million for the quarter, compared to analysts’ expectations of $31.78 million. On average, equities analysts anticipate that Preferred Bank will post $3.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.50%. This is a positive change from Preferred Bank’s previous quarterly dividend of $0.18. Preferred Bank’s payout ratio is currently 27.49%.
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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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