About Preferred Bank
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. The Bank's loan portfolio includes real estate mortgage loans, real estate construction loans, commercial loans and trade finance. Its real estate mortgage portfolio consists of real estate mini-perm loans, as well as purchased residential mortgages. The Bank offers a range of commercial loan products, including lines of credit for working capital, term loans for capital expenditures and commercial and stand-by letters of credit. Through its branch network, the Bank provides a range of financial services to individuals and companies located primarily in Southern California.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Regional - Pacific Banks
- Sub-Industry: Regional Banks
- Exchange: NASDAQ
- Symbol: PFBC
- CUSIP: 74036740
- Previous Close: $56.97
- 50 Day Moving Average: $54.09
- 200 Day Moving Average: $42.77
- 52-Week Range: $26.34 - $57.60
- Trailing P/E Ratio: 22.25
- Foreward P/E Ratio: 16.91
- P/E Growth: 1.90
- Market Cap: $796.67M
- Outstanding Shares: 13,984,000
- Beta: 1.07
- Net Margins: 28.23%
- Return on Equity: 12.83%
- Return on Assets: 1.25%
Companies Related to Preferred Bank:
- Debt-to-Equity Ratio: 0.43%
- Current Ratio: 1.06%
- Quick Ratio: 1.06%
What is Preferred Bank's stock symbol?
Preferred Bank trades on the NASDAQ under the ticker symbol "PFBC."
How often does Preferred Bank pay dividends? What is the dividend yield for Preferred Bank?
Preferred Bank declared a quarterly dividend on Friday, December 23rd. Shareholders of record on Friday, January 6th will be given a dividend of $0.18 per share on Friday, January 20th. This represents a $0.72 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Wednesday, January 4th. This is a boost from Preferred Bank's previous quarterly dividend of $0.15.
Where is Preferred Bank's stock going? Where will Preferred Bank's stock price be in 2017?
2 equities research analysts have issued 12 month price targets for Preferred Bank's stock. Their predictions range from $15.00 to $65.00. On average, they expect Preferred Bank's stock price to reach $40.00 in the next twelve months.
When will Preferred Bank announce their earnings?
Preferred Bank is scheduled to release their next quarterly earnings announcement on Tuesday, April, 18th 2017.
What are analysts saying about Preferred Bank stock?
Here are some recent quotes from research analysts about Preferred Bank stock:
- FBR & Co analysts commented, "We reiterate our Outperform rating on Preferred Bank following strong 4Q16 results. Our estimates for PFBC are high on the Street, and given the strong 4Q trends, we are raising our estimates and expect consensus to rise, as well. EPS for 4Q16 grew 24.4% on a year-over-year basis, and Preferred continues to generate best-in-class profitability (1.28% ROAA, 13.8% ROTCE, 38.4% efficiency). PFBC is the most assetsensitive name we cover, and we consider it a very attractively priced growth bank with significant further upside potential from rising rates. To reflect a wider NIM, we raise our 2017 EPS estimate to $3.10 (from $3.05) and our 2018 operating EPS estimate to $3.65 (from $3.50). Given higher estimates, we raise our price target to $65 (from $60), which equals 17.8x our 2018 EPS estimate and 2.8x 2017E TBV." (1/23/2017)
According to Zacks Investment Research, "Preferred Bank is one of the largest independent commercial banks in California focusing on the Chinese-American market. The bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Company conducts its banking business from its main office in Los Angeles, California, and through ten full-service branch banking offices in Alhambra, Century City, Chino Hills, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Santa Monica and Valencia, California. Preferred Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers. The bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid- sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Preferred Bank continues to benefit from the significant migration to Southern California of " (10/25/2016)
Who owns Preferred Bank stock?
Preferred Bank's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (3.17%), Stieven Capital Advisors L.P. (3.13%), Basswood Capital Management L.L.C. (2.57%), Renaissance Technologies LLC (2.34%), Maltese Capital Management LLC (1.82%) and State Street Corp (1.70%).
Who sold Preferred Bank stock? Who is selling Preferred Bank stock?
Preferred Bank's stock was sold by a variety of institutional investors in the last quarter, including Basswood Capital Management L.L.C., FMR LLC, Stieven Capital Advisors L.P., Maltese Capital Management LLC, Cadence Capital Management LLC, Renaissance Technologies LLC, Cornercap Investment Counsel Inc. and Metropolitan Life Insurance Co. NY.
Who bought Preferred Bank stock? Who is buying Preferred Bank stock?
Preferred Bank's stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Systematic Financial Management LP, AQR Capital Management LLC, Dimensional Fund Advisors LP, John W. Rosenthal Capital Management Inc., Allianz Asset Management AG, O Shaughnessy Asset Management LLC and Bowling Portfolio Management LLC.
How do I buy Preferred Bank stock?
Shares of Preferred Bank can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Preferred Bank stock cost?
One share of Preferred Bank stock can currently be purchased for approximately $56.97.