About Preferred Bank (NASDAQ:PFBC)
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
Trailing P/E Ratio20.647619047619
Forward P/E Ratio19.41
Sales & Book Value
Annual Sales$128.37 million
Price / Sales6.68
Cash Flow$2.84 per share
Price / Cash22.93
Book Value$22.60 per share
Price / Book2.88
Net Income$36.36 million
Return on Equity15.22%
Return on Assets1.34%
Preferred Bank (NASDAQ:PFBC) Frequently Asked Questions
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 Tuesday, December 26th. Shareholders of record on Monday, January 8th will be paid a dividend of $0.22 per share on Monday, January 22nd. This represents a $0.88 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Friday, January 5th. This is an increase from Preferred Bank's previous quarterly dividend of $0.20. View Preferred Bank's Dividend History.
How were Preferred Bank's earnings last quarter?
Preferred Bank (NASDAQ:PFBC) announced its quarterly earnings results on Tuesday, October, 24th. The bank reported $0.94 EPS for the quarter, topping the Zacks' consensus estimate of $0.85 by $0.09. The bank earned $36.67 million during the quarter, compared to analyst estimates of $34.68 million. Preferred Bank had a net margin of 29.33% and a return on equity of 15.22%. View Preferred Bank's Earnings History.
When will Preferred Bank make its next earnings announcement?
Where is Preferred Bank's stock going? Where will Preferred Bank's stock price be in 2018?
3 Wall Street analysts have issued twelve-month price objectives for Preferred Bank's stock. Their forecasts range from $70.00 to $71.00. On average, they anticipate Preferred Bank's stock price to reach $70.50 in the next twelve months. View Analyst Ratings for Preferred Bank.
What are Wall Street analysts saying about Preferred Bank stock?
Here are some recent quotes from research analysts about Preferred Bank stock:
- 1. 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 " (1/13/2018)
- 2. 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)
Who are some of Preferred Bank's key competitors?
Some companies that are related to Preferred Bank include WesBanco (WSBC), First Financial Bancorp (FFBC), Northwest Bancshares (NWBI), BancFirst (BANF), Union Bankshares (UBSH), NBT Bancorp (NBTB), Park National (PRK), First Busey (BUSE), Westamerica Bancorporation (WABC), Centerstate Bank (CSFL), First Commonwealth Financial (FCF), FB Financial (FBK), Lakeland Financial (LKFN), Tompkins Financial (TMP), Brookline Bancorp (BRKL), State Bank Financial (STBZ), First Bancorp (FBP) and Seacoast Banking Corporation of Florida (SBCF).
Who are Preferred Bank's key executives?
Preferred Bank's management team includes the folowing people:
- Li Yu, Chairman of the Board, Chief Executive Officer (Age 76)
- Wellington Chen, President, Chief Operating Officer (Age 52)
- Edward J. Czajka, Chief Financial Officer, Executive Vice President, Senior Vice President (Age 51)
- Robert J. Kosof, Executive Vice President and Head - Commercial and Industrial Loans and Regional Branch Manager
- Nick Pi, Executive Vice President, Chief Credit Officer (Age 56)
- J. Richard Belliston, Independent Director (Age 72)
- William C.Y. Cheng, Independent Director (Age 69)
- Clark Hsu, Independent Director (Age 46)
- Gary S. Nunnelly, Independent Director (Age 68)
- Chih-Wei Wu, Independent Director (Age 57)
Who owns Preferred Bank stock?
Preferred Bank's stock is owned by a number of of institutional and retail investors. Top institutional investors include Schwab Charles Investment Management Inc. (0.76%) and Thomson Horstmann & Bryant Inc. (0.51%). View Institutional Ownership Trends for Preferred Bank.
Who bought Preferred Bank stock? Who is buying Preferred Bank stock?
How do I buy Preferred Bank stock?
Shares of Preferred Bank can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Preferred Bank's stock price today?
One share of Preferred Bank stock can currently be purchased for approximately $65.04.
How big of a company is Preferred Bank?
Preferred Bank has a market capitalization of $922.98 million and generates $128.37 million in revenue each year. The bank earns $36.36 million in net income (profit) each year or $3.15 on an earnings per share basis. Preferred Bank employs 218 workers across the globe.
How can I contact Preferred Bank?
Preferred Bank's mailing address is 601 S Figueroa St, LOS ANGELES, CA 90017-5704, United States. The bank can be reached via phone at +1-213-8911188 or via email at [email protected]
MarketBeat Community Rating for Preferred Bank (PFBC)MarketBeat's community ratings are surveys of what our community members think about Preferred Bank and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Preferred Bank (NASDAQ:PFBC) Earnings History and Estimates Chart
Preferred Bank (NASDAQ PFBC) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/24/2017||Q3 2017||$0.85||$0.94||$34.68 million||$36.67 million||View||N/A|
|7/18/2017||Q2 2017||$0.75||$0.80||$31.78 million||$32.55 million||View||N/A|
|4/19/2017||Q1 2017||$0.70||$0.71||$30.00 million||$30.53 million||View||N/A|
|1/19/2017||Q4 2016||$0.65||$0.71||$28.08 million||$29.35 million||View||N/A|
|10/19/2016||Q3||$0.62||$0.69||$27.53 million||$27.85 million||View||N/A|
|7/20/2016||Q2||$0.58||$0.61||$26.18 million||$27.40 million||View||N/A|
|4/20/2016||Q1||$0.56||$0.56||$24.20 million||$25.04 million||View||N/A|
|1/21/2016||Q4||$0.54||$0.57||$23.17 million||$23.27 million||View||Listen|
|10/19/2015||Q315||$0.53||$0.57||$21.93 million||$22.54 million||View||Listen|
|7/20/2015||Q215||$0.50||$0.55||$20.90 million||$21.70 million||View||Listen|
|4/20/2015||Q115||$0.48||$0.48||$20.33 million||$20.23 million||View||N/A|
|1/20/2015||Q414||$0.47||$0.50||$19.43 million||$20.13 million||View||N/A|
|10/16/2014||Q3 14||$0.43||$0.46||$18.53 million||$18.96 million||View||Listen|
|7/23/2014||Q412||$0.39||$0.43||$18.13 million||$17.98 million||View||N/A|
|4/22/2014||Q1||$0.37||$0.38||$17.70 million||$17.53 million||View||Listen|
Preferred Bank (NASDAQ:PFBC) Earnings Estimates
2018 EPS Consensus Estimate: $4.05
2019 EPS Consensus Estimate: $5.03
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Preferred Bank (NASDAQ:PFBC) Dividend Information
|Payout Ratio:||27.94% (Trailing 12 Months of Earnings) |
26.27% (Based on This Year's Estimates)
19.95% (Based on Next Year's Estimates)
Preferred Bank (NASDAQ:PFBC) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Preferred Bank (NASDAQ PFBC)
No insider trades for this company have been tracked by MarketBeat.com
Preferred Bank (NASDAQ PFBC) News Headlines
|Preferred Bank (PFBC) Set to Announce Quarterly Earnings on Monday|
www.americanbankingnews.com - January 15 at 4:36 PM
|Preferred Bank to Post Q1 2018 Earnings of $1.10 Per Share, B. Riley Forecasts (PFBC)|
www.americanbankingnews.com - January 15 at 5:02 AM
|Preferred Bank (PFBC) Raised to Hold at BidaskClub|
www.americanbankingnews.com - January 14 at 10:30 PM
|Preferred Bank (PFBC) Upgraded at Zacks Investment Research|
www.americanbankingnews.com - January 13 at 7:56 AM
| Brokerages Expect Preferred Bank (PFBC) Will Post Quarterly Sales of $36.37 Million|
www.americanbankingnews.com - January 10 at 8:16 PM
|Preferred Bank (PFBC) Given Consensus Rating of "Buy" by Brokerages|
www.americanbankingnews.com - January 9 at 10:36 AM
|Preferred Bank Announces 2017 Fourth Quarter and Full Year Earnings Release and Conference Call|
feeds.benzinga.com - January 8 at 3:05 PM
|Zacks: Analysts Anticipate Preferred Bank (PFBC) to Post $0.90 Earnings Per Share|
www.americanbankingnews.com - January 8 at 5:34 AM
|FIG Partners Equities Analysts Boost Earnings Estimates for Preferred Bank (PFBC)|
www.americanbankingnews.com - January 5 at 4:38 PM
|Preferred Bank (PFBC) to Post FY2018 Earnings of $4.21 Per Share, FIG Partners Forecasts|
www.americanbankingnews.com - January 1 at 1:34 PM
|Is It Time To Sell Preferred Bank (NASDAQ:PFBC) Based Off Its PE Ratio?|
finance.yahoo.com - January 1 at 10:03 AM
|Preferred Bank (PFBC) to Issue Quarterly Dividend of $0.22|
www.americanbankingnews.com - December 31 at 7:14 AM
|Preferred Bank (PFBC) Downgraded by Zacks Investment Research to "Hold"|
www.americanbankingnews.com - December 30 at 6:58 AM
|Preferred Bank (California) breached its 50 day moving average in a Bearish Manner : PFBC-US : December 26, 2017|
finance.yahoo.com - December 26 at 10:00 AM
|Preferred Bank (PFBC) Expected to Post Quarterly Sales of $36.37 Million|
www.americanbankingnews.com - December 24 at 2:58 AM
| Brokerages Anticipate Preferred Bank (PFBC) to Post $0.90 Earnings Per Share|
www.americanbankingnews.com - December 22 at 9:20 PM
|Preferred Bank (PFBC) Stock Rating Lowered by BidaskClub|
www.americanbankingnews.com - December 17 at 12:08 AM
|Is Preferred Bank a Great Stock for Value Investors?|
finance.yahoo.com - December 15 at 5:00 PM
|Preferred Bank (California) breached its 50 day moving average in a Bearish Manner : PFBC-US : December 15, 2017|
finance.yahoo.com - December 15 at 10:39 AM
|Preferred Bank (PFBC) Lifted to "Hold" at BidaskClub|
www.americanbankingnews.com - December 10 at 1:42 PM
|Zacks: Analysts Expect Preferred Bank (PFBC) Will Post Quarterly Sales of $36.37 Million|
www.americanbankingnews.com - December 7 at 8:39 PM
|ETFs with exposure to Preferred Bank (California) : December 5, 2017|
finance.yahoo.com - December 5 at 4:41 PM
| Analysts Expect Preferred Bank (PFBC) Will Post Earnings of $0.90 Per Share|
www.americanbankingnews.com - December 5 at 1:10 AM
|Preferred Bank (California) :PFBC-US: Earnings Analysis: Q3, 2017 By the Numbers : December 4, 2017|
finance.yahoo.com - December 4 at 10:10 AM
|Preferred Bank (PFBC) Downgraded by ValuEngine to "Hold"|
www.americanbankingnews.com - December 2 at 9:10 PM
|Preferred Bank Los Angeles Gets IBD Stock Rating Upgrade|
finance.yahoo.com - December 1 at 5:29 PM
|Preferred Bank (PFBC) Rating Increased to Buy at Zacks Investment Research|
www.americanbankingnews.com - November 29 at 11:44 PM
|How Did Preferred Bank’s (PFBC) 15.04% ROE Fare Against The Industry?|
finance.yahoo.com - November 24 at 5:42 PM
|Zacks: Analysts Anticipate Preferred Bank (PFBC) to Announce $0.90 Earnings Per Share|
www.americanbankingnews.com - November 16 at 1:40 PM
|Preferred Bank (California) – Value Analysis (NASDAQ:PFBC) : November 14, 2017|
finance.yahoo.com - November 15 at 7:24 AM
|Preferred Bank (California) breached its 50 day moving average in a Bullish Manner : PFBC-US : November 13, 2017|
finance.yahoo.com - November 14 at 6:46 AM
|Hennessy Advisors Inc Buys Black Hills Corp, Tellurian Inc, Banc of California Inc, Sells ...|
www.nasdaq.com - November 4 at 4:34 PM
|Preferred Bank (PFBC) Forecasted to Post FY2017 Earnings of $3.34 Per Share|
www.americanbankingnews.com - October 30 at 2:56 AM
|FBR & Co Comments on Preferred Bank's FY2017 Earnings (PFBC)|
www.americanbankingnews.com - October 30 at 2:56 AM
|Preferred Bank's (PFBC) CEO Li Yu on Q3 2017 Results - Earnings Call Transcript|
seekingalpha.com - October 27 at 9:41 AM
|Preferred Bank Los Angls Joins Rank Of Stocks With 95-Plus Composite Rating|
finance.yahoo.com - October 27 at 9:41 AM
|Edited Transcript of PFBC earnings conference call or presentation 25-Oct-17 6:00pm GMT|
finance.yahoo.com - October 27 at 9:41 AM
|FY2017 EPS Estimates for Preferred Bank Raised by FIG Partners (PFBC)|
www.americanbankingnews.com - October 27 at 7:48 AM
|DA Davidson Comments on Preferred Bank's FY2017 Earnings (PFBC)|
www.americanbankingnews.com - October 27 at 7:42 AM
|Preferred Bank beats by $0.09, beats on revenue|
seekingalpha.com - October 25 at 9:05 AM
|Preferred Bank to Host Earnings Call|
finance.yahoo.com - October 25 at 9:05 AM
|Preferred Bank (PFBC) Posts Earnings Results, Beats Estimates By $0.09 EPS|
www.americanbankingnews.com - October 24 at 8:28 PM
|Financial Survey: CenterState Banks (CSFL) and Preferred Bank (PFBC)|
www.americanbankingnews.com - October 21 at 10:32 PM
|Preferred Bank (California) : PFBC-US: Dividend Analysis : October 06th, 2017 (record date) : By the numbers : October 18, 2017|
finance.yahoo.com - October 19 at 7:24 AM
|Preferred Bank (PFBC) to Release Earnings on Tuesday|
www.americanbankingnews.com - October 17 at 1:06 AM
|Preferred Bank (PFBC) to Post Q3 2017 Earnings of $0.86 Per Share, FBR & Co Forecasts|
www.americanbankingnews.com - October 12 at 7:48 AM
| Brokerages Expect Preferred Bank (PFBC) Will Announce Quarterly Sales of $34.68 Million|
www.americanbankingnews.com - October 10 at 12:40 PM
|Preferred Bank (PFBC) Announces Initiation of Up to $50M Common Share 'At The Market Offering'|
www.streetinsider.com - October 5 at 3:45 PM
|ETFs with exposure to Preferred Bank (California) : October 4, 2017|
finance.yahoo.com - October 5 at 3:45 PM
|Preferred Bank Announces 2017 Third Quarter Earnings Release and Conference Call|
finance.yahoo.com - October 5 at 3:45 PM
Preferred Bank (NASDAQ:PFBC) SEC Filings
This page is loading this company's SEC Filings. Please wait...
Preferred Bank (NASDAQ:PFBC) Income Statement, Balance Sheet and Cash Flow Statement
Preferred Bank (NASDAQ PFBC) Stock Chart for Friday, January, 19, 2018