Preferred Bank (NASDAQ:PFBC – Get Free Report) had its target price increased by stock analysts at Piper Sandler from $88.00 to $105.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Piper Sandler’s price objective would suggest a potential upside of 15.46% from the company’s current price.
Preferred Bank Stock Down 0.4 %
Shares of PFBC traded down $0.32 during midday trading on Monday, reaching $90.94. The stock had a trading volume of 4,768 shares, compared to its average volume of 88,221. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 8.78 and a beta of 0.98. The company’s fifty day simple moving average is $76.80 and its two-hundred day simple moving average is $74.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.07 and a quick ratio of 1.07. Preferred Bank has a 1-year low of $58.52 and a 1-year high of $91.67.
Preferred Bank (NASDAQ:PFBC – Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $2.48 EPS for the quarter, topping the consensus estimate of $2.39 by $0.09. The firm had revenue of $130.70 million for the quarter, compared to analyst estimates of $70.55 million. Preferred Bank had a net margin of 27.35% and a return on equity of 20.24%. During the same period last year, the business earned $2.61 EPS. Equities research analysts expect that Preferred Bank will post 9.6 earnings per share for the current year.
Institutional Trading of Preferred Bank
About Preferred Bank
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 in the United States. 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.
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