S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees

Preferred Bank - PFBC Stock Forecast, Price & News

$71.20
+0.53 (+0.75%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$70.74
$71.56
50-Day Range
$64.52
$72.70
52-Week Range
$58.66
$81.97
Volume
41,600 shs
Average Volume
76,879 shs
Market Capitalization
$1.07 billion
P/E Ratio
9.93
Dividend Yield
2.42%
Price Target
$86.60

Preferred Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
21.6% Upside
$86.60 Price Target
Short Interest
Bearish
2.59% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.73mentions of Preferred Bank in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.21%
From $7.93 to $8.66 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.39 out of 5 stars

Finance Sector

494th out of 1,176 stocks

State Commercial Banks Industry

96th out of 214 stocks

PFBC stock logo

About Preferred Bank (NASDAQ:PFBC) Stock

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. It also provides real estate mortgage loans that are secured by retail, industrial, office, special purpose, and residential single and multi-family properties; real estate construction loans; and commercial loans comprising lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and SBA loans. In addition, the company offers trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, acceptances/trust receipt financing products, export financing, documentary collections, and bills purchase programs. Further, it provides various high-wealth banking services to wealthy individuals residing in the Pacific Rim area; and remote deposit capture, and online and mobile banking services. Additionally, the company offers various banking services to physicians, accountants, attorneys, business managers, and other professionals; and safe deposit boxes, account reconciliation, courier service, and cash management services to the manufacturing, service, and distribution companies. As of December 31, 2021, it had eleven full-service branch offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco; and one branch in Flushing, New York. The company was incorporated in 1991 and is headquartered in Los Angeles, California.

Preferred Bank Stock Performance

Shares of NASDAQ:PFBC opened at $71.20 on Monday. The firm has a market cap of $1.07 billion, a PE ratio of 9.93 and a beta of 1.17. The firm's 50 day simple moving average is $68.72 and its 200-day simple moving average is $71.90. Preferred Bank has a one year low of $58.66 and a one year high of $81.97. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.04 and a current ratio of 1.04.

Preferred Bank (NASDAQ:PFBC - Get Rating) last posted its earnings results on Wednesday, July 20th. The bank reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.09. The company had revenue of $59.03 million during the quarter, compared to the consensus estimate of $56.84 million. Preferred Bank had a net margin of 45.27% and a return on equity of 18.27%. During the same period in the previous year, the firm posted $1.44 earnings per share. As a group, equities analysts predict that Preferred Bank will post 7.93 EPS for the current year.

Preferred Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 21st. Investors of record on Thursday, July 7th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.42%. The ex-dividend date was Wednesday, July 6th. Preferred Bank's payout ratio is currently 23.99%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PFBC shares. Raymond James lowered Preferred Bank from an "outperform" rating to a "market perform" rating in a report on Thursday, July 7th. B. Riley dropped their price target on Preferred Bank from $95.00 to $80.00 in a research note on Monday, July 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $86.60.

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PFBC Stock News Headlines

Preferred Bank Completes Stock Repurchase
Preferred Bank (NASDAQ:PFBC) Short Interest Up 26.3% in July
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Short Volatility Alert: Preferred Bank
Preferred Bank (PFBC) Could Be a Great Choice
Preferred Bank Announces Share Repurchase Plan
Preferred Bank Announces Director Departure
Preferred Bank: Dividend Insights
See More Headlines
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PFBC Company Calendar

Ex-Dividend for 7/21 Dividend
7/06/2022
Last Earnings
7/20/2022
Dividend Payable
7/21/2022
Today
8/08/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:PFBC
CUSIP
74036740
Employees
279
Year Founded
1991

Price Target and Rating

Average Stock Price Forecast
$86.60
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$79.00
Forecasted Upside/Downside
+21.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$95.24 million
Pretax Margin
63.46%

Debt

Sales & Book Value

Annual Sales
$218.78 million
Cash Flow
$6.59 per share
Book Value
$39.31 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.07 billion
Optionable
Optionable
Beta
1.17

Social Links


Key Executives

  • Mr. Li Yu (Age 81)
    Chairman, CEO & Corp. Sec.
    Comp: $2.23M
  • Mr. Wellington Chen (Age 62)
    Pres & COO
    Comp: $1.07M
  • Mr. Edward J. Czajka (Age 58)
    Exec. VP & CFO
    Comp: $677.27k
  • Mr. Nick Pi (Age 61)
    Exec. VP & Chief Credit Officer
    Comp: $596.26k
  • Mr. Johnny Hsu (Age 47)
    Exec. VP & Deputy COO
    Comp: $468.59k
  • Mr. Robert J. Kosof (Age 78)
    Exec. VP of Commercial Lending
  • Ms. Sandy Ho
    Exec. VP & Regional Mang.
  • Ms. Stella Chen
    Sr. VP
  • Erika Chi
    Exec. VP
  • Mr. Ted Hsu (Age 60)
    Exec. VP













PFBC Stock - Frequently Asked Questions

Should I buy or sell Preferred Bank stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Preferred Bank in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Preferred Bank stock.
View analyst ratings for Preferred Bank
or view top-rated stocks.

What is Preferred Bank's stock price forecast for 2022?

5 Wall Street research analysts have issued 12 month price objectives for Preferred Bank's shares. Their PFBC stock forecasts range from $79.00 to $95.00. On average, they anticipate Preferred Bank's share price to reach $86.60 in the next year. This suggests a possible upside of 21.6% from the stock's current price.
View analysts' price targets for Preferred Bank
or view top-rated stocks among Wall Street analysts.

How has Preferred Bank's stock performed in 2022?

Preferred Bank's stock was trading at $71.79 at the beginning of the year. Since then, PFBC shares have decreased by 0.8% and is now trading at $71.20.
View the best growth stocks for 2022 here
.

Are investors shorting Preferred Bank?

Preferred Bank saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 354,600 shares, an increase of 26.3% from the June 30th total of 280,800 shares. Based on an average daily volume of 73,500 shares, the short-interest ratio is currently 4.8 days. Approximately 2.6% of the shares of the company are sold short.
View Preferred Bank's Short Interest
.

When is Preferred Bank's next earnings date?

Preferred Bank is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our earnings forecast for Preferred Bank
.

How were Preferred Bank's earnings last quarter?

Preferred Bank (NASDAQ:PFBC) issued its quarterly earnings data on Wednesday, July, 20th. The bank reported $1.87 EPS for the quarter, topping the consensus estimate of $1.78 by $0.09. The bank earned $59.03 million during the quarter, compared to the consensus estimate of $56.84 million. Preferred Bank had a trailing twelve-month return on equity of 18.27% and a net margin of 45.27%. During the same quarter last year, the company earned $1.44 EPS.

How often does Preferred Bank pay dividends? What is the dividend yield for Preferred Bank?

Preferred Bank declared a quarterly dividend on Wednesday, June 22nd. Shareholders of record on Thursday, July 7th will be paid a dividend of $0.43 per share on Thursday, July 21st. This represents a $1.72 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Wednesday, July 6th.
View Preferred Bank's dividend history
.

Is Preferred Bank a good dividend stock?

Preferred Bank(NASDAQ:PFBC) pays an annual dividend of $1.72 per share and currently has a dividend yield of 2.42%. Preferred Bank does not yet have a strong track record of dividend growth. The dividend payout ratio of Preferred Bank is 23.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Preferred Bank will have a dividend payout ratio of 19.86% next year. This indicates that Preferred Bank will be able to sustain or increase its dividend.
View Preferred Bank's dividend history.

What is Li Yu's approval rating as Preferred Bank's CEO?

8 employees have rated Preferred Bank CEO Li Yu on Glassdoor.com. Li Yu has an approval rating of 56% among Preferred Bank's employees. This puts Li Yu in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Preferred Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Preferred Bank investors own include Energy Transfer (ET), Exxon Mobil (XOM), Alibaba Group (BABA), Verizon Communications (VZ), AbbVie (ABBV), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Medtronic (MDT), AT&T (T) and CBL & Associates Properties (CBL).

What is Preferred Bank's stock symbol?

Preferred Bank trades on the NASDAQ under the ticker symbol "PFBC."

Who are Preferred Bank's major shareholders?

Preferred Bank's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Royce & Associates LP (0.39%), Aptus Capital Advisors LLC (0.29%), New York State Teachers Retirement System (0.09%), Yousif Capital Management LLC (0.08%), Comerica Bank (0.07%) and State of Alaska Department of Revenue (0.07%).

How do I buy shares of Preferred Bank?

Shares of PFBC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Preferred Bank's stock price today?

One share of PFBC stock can currently be purchased for approximately $71.20.

How much money does Preferred Bank make?

Preferred Bank (NASDAQ:PFBC) has a market capitalization of $1.07 billion and generates $218.78 million in revenue each year. The bank earns $95.24 million in net income (profit) each year or $7.17 on an earnings per share basis.

How many employees does Preferred Bank have?

Preferred Bank employs 279 workers across the globe.

When was Preferred Bank founded?

Preferred Bank was founded in 1991.

How can I contact Preferred Bank?

Preferred Bank's mailing address is 601 S. FIGUEROA STREET 48TH FLOOR, LOS ANGELES CA, 90017. The official website for Preferred Bank is www.preferredbank.com. The bank can be reached via phone at (213) 891-1188, via email at cfo@preferredbank.com, or via fax at 213-622-5161.

This page (NASDAQ:PFBC) was last updated on 8/8/2022 by MarketBeat.com Staff

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