Preferred Bank reports results for the quarter ended in March - Earnings Summary

Preferred Bank

19/04/2022 22:01

* Preferred Bank  PFBC.OQ  reported quarterly adjusted
earnings of
$1.74​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for earnings of
$1.69 per share.
    * Revenue rose 8.1% to $50.03 million from a year ago; 
analysts
expected $50.06 million. 
    * Preferred Bank's reported EPS for the quarter was $1.74​.
    * The mean earnings estimate of analysts had risen by
about 5.2%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Preferred Bank shares had fallen by 4.7% this quarter and
lost 1.7% so far this year.
    * The company reported quarterly net income of $26.03
million.
    * Wall Street's median 12-month price target for Preferred
Bank is
$92.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated April 19 at 09:01 p.m.  ​All
figures in US dollars unless otherwise stated