Preferred Bank (PFBC) Receives Daily News Impact Rating of 0.12
Media headlines about Preferred Bank (NASDAQ:PFBC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Preferred Bank earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.9245143634419 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research firms have issued reports on PFBC. FBR & Co reaffirmed a “buy” rating on shares of Preferred Bank in a report on Wednesday, July 19th. BidaskClub raised Preferred Bank from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Stephens raised Preferred Bank from an “equal weight” rating to an “overweight” rating in a report on Monday, July 10th. Zacks Investment Research downgraded Preferred Bank from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, ValuEngine raised Preferred Bank from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $60.50.
Shares of Preferred Bank (NASDAQ:PFBC) opened at 60.35 on Friday. The company has a market cap of $867.17 million, a PE ratio of 20.72 and a beta of 0.95. Preferred Bank has a 12 month low of $34.31 and a 12 month high of $60.99. The firm’s 50 day moving average is $53.93 and its 200 day moving average is $53.12.
Preferred Bank (NASDAQ:PFBC) last issued its quarterly earnings results on Tuesday, July 18th. The bank reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The company had revenue of $32.55 million for the quarter, compared to analyst estimates of $31.78 million. Preferred Bank had a net margin of 28.91% and a return on equity of 14.05%. On average, equities analysts predict that Preferred Bank will post $3.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.33%. Preferred Bank’s dividend payout ratio (DPR) is presently 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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