Preferred Bank Company Profile (NASDAQ:PFBC)

About Preferred Bank (NASDAQ:PFBC)

Preferred Bank logoPreferred 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
  • Symbol: NASDAQ:PFBC
  • CUSIP: 74036740
  • Web: www.preferredbank.com
Capitalization:
  • Market Cap: $728.11 million
  • Outstanding Shares: 14,330,000
Average Prices:
  • 50 Day Moving Avg: $52.06
  • 200 Day Moving Avg: $51.42
  • 52 Week Range: $27.07 - $58.12
P/E:
  • Trailing P/E Ratio: 18.71
  • Foreward P/E Ratio: 14.39
  • P/E Growth: 1.74
Sales & Book Value:
  • Annual Revenue: $105.65 million
  • Price / Sales: 6.89
  • Book Value: $20.54 per share
  • Price / Book: 2.47
Dividend:
  • Annual Dividend: $0.72
  • Dividend Yield: 1.5%
Profitability:
  • Net Margins: 28.23%
  • Return on Equity: 12.83%
  • Return on Assets: 1.25%
Debt:
  • Debt-to-Equity Ratio: 0.43%
  • Current Ratio: 1.06%
  • Quick Ratio: 1.06%
Misc:
  • Average Volume: 80,427 shs.
  • Beta: 1.07
  • Short Ratio: 2.78
 

Frequently Asked Questions for Preferred Bank (NASDAQ:PFBC)

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 announced a quarterly dividend on Friday, March 24th. Shareholders of record on Friday, April 7th will be paid a dividend of $0.18 per share on Friday, April 21st. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Wednesday, April 5th. View Preferred Bank's Dividend History.

How were Preferred Bank's earnings last quarter?

Preferred Bank (NASDAQ:PFBC) posted its quarterly earnings data on Wednesday, April, 19th. The company reported $0.71 EPS for the quarter, beating the Zacks' consensus estimate of $0.70 by $0.01. The firm had revenue of $30.53 million for the quarter, compared to analyst estimates of $30 million. Preferred Bank had a return on equity of 12.83% and a net margin of 28.23%. View Preferred Bank's Earnings History.

When will Preferred Bank make its next earnings announcement?

Preferred Bank is scheduled to release their next quarterly earnings announcement on Tuesday, July, 18th 2017. View Earnings Estimates for Preferred Bank.

Where is Preferred Bank's stock going? Where will Preferred Bank's stock price be in 2017?

3 brokerages have issued 1-year price objectives for Preferred Bank's shares. Their predictions range from $15.00 to $65.00. On average, they expect Preferred Bank's share price to reach $40.00 in the next year. View Analyst Ratings for Preferred Bank.

What are analysts saying about Preferred Bank stock?

Here are some recent quotes from research analysts about Preferred Bank stock:

  • 1. 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)
  • 2. 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)

Are investors shorting Preferred Bank?

Preferred Bank saw a increase in short interest in March. As of March 31st, there was short interest totalling 237,866 shares, an increase of 35.6% from the March 15th total of 175,453 shares. Based on an average daily trading volume, of 114,112 shares, the days-to-cover ratio is currently 2.1 days.

Who are some of Preferred Bank's key competitors?

Who owns Preferred Bank stock?

Preferred Bank's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.65%), Dimensional Fund Advisors LP (3.32%), Stieven Capital Advisors L.P. (3.03%), Renaissance Technologies LLC (2.42%), JPMorgan Chase & Co. (1.92%) and FMR LLC (1.53%). View Institutional Ownership Trends for Preferred Bank.

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 Prudential Financial Inc., Driehaus Capital Management LLC, JPMorgan Chase & Co., Alliancebernstein L.P., Russell Investments Group Ltd., EAM Investors LLC, Capital Impact Advisors LLC and Wells Fargo & Company MN. View Insider Buying and Selling for Preferred Bank.

Who bought Preferred Bank stock? Who is buying Preferred Bank stock?

Preferred Bank's stock was purchased by a variety of institutional investors in the last quarter, including Rothschild Asset Management Inc., Wellington Management Group LLP, O Shaughnessy Asset Management LLC, Vanguard Group Inc., Bank of Montreal Can, Hennessy Advisors Inc., AQR Capital Management LLC and Bank of New York Mellon Corp. View Insider Buying and Selling for Preferred Bank.

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 $50.81.

Analyst Ratings

Consensus Ratings for Preferred Bank (NASDAQ:PFBC) (?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $40.00 (21.28% downside)

Analysts' Ratings History for Preferred Bank (NASDAQ:PFBC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/20/2017FBR & CoReiterated RatingBuyMediumView Rating Details
4/6/2017StephensInitiated CoverageEqual WeightMediumView Rating Details
8/25/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$15.00N/AView Rating Details
(Data available from 5/23/2015 forward)

Earnings

Earnings History for Preferred Bank (NASDAQ:PFBC)
Earnings by Quarter for Preferred Bank (NASDAQ:PFBC)
Earnings History by Quarter for Preferred Bank (NASDAQ:PFBC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/18/2017        
4/19/2017Q1 2017$0.70$0.71$30.00 million$30.53 millionViewN/AView Earnings Details
1/19/2017Q4 2016$0.65$0.71$28.08 million$29.35 millionViewN/AView Earnings Details
10/19/2016Q3$0.62$0.69$27.53 million$27.85 millionViewN/AView Earnings Details
7/20/2016Q2$0.58$0.61$26.18 million$27.40 millionViewN/AView Earnings Details
4/20/2016Q1$0.56$0.56$24.20 million$25.04 millionViewN/AView Earnings Details
1/21/2016Q4$0.54$0.57$23.17 million$23.27 millionViewListenView Earnings Details
10/19/2015Q315$0.53$0.57$21.93 million$22.54 millionViewListenView Earnings Details
7/20/2015Q215$0.50$0.55$20.90 million$21.70 millionViewListenView Earnings Details
4/20/2015Q115$0.48$0.48$20.33 million$20.23 millionViewN/AView Earnings Details
1/20/2015Q414$0.47$0.50$19.43 million$20.13 millionViewN/AView Earnings Details
10/16/2014Q3 14$0.43$0.46$18.53 million$18.96 millionViewListenView Earnings Details
7/23/2014Q412$0.39$0.43$18.13 million$17.98 millionViewN/AView Earnings Details
4/22/2014Q1$0.37$0.38$17.70 million$17.53 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Preferred Bank (NASDAQ:PFBC)
2017 EPS Consensus Estimate: $3.06
2018 EPS Consensus Estimate: $3.46
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.69$0.72$0.70
Q2 20173$0.72$0.77$0.75
Q3 20173$0.76$0.81$0.79
Q4 20173$0.78$0.84$0.82
Q1 20182$0.80$0.86$0.83
Q2 20182$0.79$0.90$0.85
Q3 20182$0.83$0.93$0.88
Q4 20182$0.84$0.96$0.90
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Preferred Bank (NASDAQ:PFBC)
Most Recent Dividend:4/21/2017
Annual Dividend:$0.72
Dividend Yield:1.42%
Payout Ratio:28.02% (Trailing 12 Months of Earnings)
23.53% (Based on This Year's Estimates)
20.40% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Preferred Bank (NASDAQ:PFBC)

Dividend History by Quarter for Preferred Bank (NASDAQ:PFBC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/24/2017Quarterly$0.181.42%4/5/20174/7/20174/21/2017
12/23/2016Quarterly$0.181.39%1/4/20171/6/20171/20/2017
9/23/2016quarterly$0.151.69%10/5/201610/7/201610/21/2016
6/24/2016quarterly$0.152.05%7/5/20167/7/20167/21/2016
3/29/2016quarterly$0.152.02%4/5/20164/7/20164/21/2016
12/21/2015quarterly$0.151.8%1/5/20161/7/20161/21/2016
9/23/2015$0.1210/2/201510/6/201510/20/2015
6/24/2015quarterly$0.121.63%7/2/20157/7/20157/21/2015
3/20/2015quarterly$0.121.71%4/2/20154/7/20154/21/2015
12/19/2014quarterly$0.101.52%1/2/20151/6/20151/20/2015
9/26/2014quarterly$0.1010/2/201410/6/201410/20/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Preferred Bank (NASDAQ:PFBC)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Preferred Bank (NASDAQ:PFBC)
Latest Headlines for Preferred Bank (NASDAQ:PFBC)
Source:
DateHeadline
finance.yahoo.com logoPreferred Bank (California) breached its 50 day moving average in a Bearish Manner : PFBC-US : May 15, 2017
finance.yahoo.com - May 15 at 9:53 AM
americanbankingnews.com logoPreferred Bank (PFBC) Expected to Post Quarterly Sales of $31.78 Million
www.americanbankingnews.com - May 12 at 3:24 PM
americanbankingnews.com logo Brokerages Anticipate Preferred Bank (PFBC) Will Post Earnings of $0.75 Per Share
www.americanbankingnews.com - May 10 at 10:08 AM
americanbankingnews.com logoPreferred Bank (PFBC) Earns Daily News Impact Rating of 0.28
www.americanbankingnews.com - May 5 at 10:34 PM
finance.yahoo.com logoPreferred Bank to Participate in Upcoming Investor Conferences
finance.yahoo.com - May 3 at 7:52 PM
americanbankingnews.com logoVery Positive Media Coverage Very Likely to Affect Preferred Bank (PFBC) Stock Price
www.americanbankingnews.com - May 2 at 4:20 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Extremely Likely to Impact Preferred Bank (PFBC) Share Price
www.americanbankingnews.com - April 27 at 11:42 AM
finance.yahoo.com logoPreferred Bank (California) breached its 50 day moving average in a Bullish Manner : PFBC-US : April 26, 2017
finance.yahoo.com - April 26 at 6:04 PM
americanbankingnews.com logoDA Davidson Research Analysts Lift Earnings Estimates for Preferred Bank (PFBC)
www.americanbankingnews.com - April 24 at 8:34 AM
americanbankingnews.com logoQ2 2017 Earnings Estimate for Preferred Bank Issued By FBR & Co (PFBC)
www.americanbankingnews.com - April 24 at 7:55 AM
americanbankingnews.com logoPreferred Bank (PFBC) Short Interest Update
www.americanbankingnews.com - April 23 at 8:52 PM
americanbankingnews.com logoSomewhat Favorable News Coverage Extremely Likely to Impact Preferred Bank (PFBC) Stock Price
www.americanbankingnews.com - April 23 at 9:55 AM
americanbankingnews.com logoPreferred Bank (PFBC) Expected to Announce Quarterly Sales of $31.3 Million
www.americanbankingnews.com - April 21 at 2:27 PM
finance.yahoo.com logoEdited Transcript of PFBC earnings conference call or presentation 20-Apr-17 6:00pm GMT
finance.yahoo.com - April 21 at 9:02 AM
seekingalpha.com logoPreferred Bank's (PFBC) CEO Li Yu on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - April 21 at 12:19 AM
americanbankingnews.com logoFBR & Co Reaffirms "Buy" Rating for Preferred Bank (PFBC)
www.americanbankingnews.com - April 20 at 4:48 PM
americanbankingnews.com logoPreferred Bank (PFBC) Issues Quarterly Earnings Results
www.americanbankingnews.com - April 20 at 12:54 PM
seekingalpha.com logoPreferred Bank beats by $0.01, misses on net interest income
seekingalpha.com - April 20 at 8:59 AM
zacks.com logoShould Value Investors Pick Preferred Bank (PFBC) Stock?
www.zacks.com - April 20 at 8:59 AM
americanbankingnews.com logoPreferred Bank (PFBC) Earns "Hold" Rating from Stephens
www.americanbankingnews.com - April 20 at 8:10 AM
finance.yahoo.com logoPreferred Bank tops Street 1Q forecasts
finance.yahoo.com - April 19 at 7:11 PM
americanbankingnews.com logo Brokerages Expect Preferred Bank (PFBC) Will Post Earnings of $0.70 Per Share
www.americanbankingnews.com - April 19 at 4:23 PM
finance.yahoo.com logoShould You Buy Preferred Bank (PFBC) Ahead of Earnings?
finance.yahoo.com - April 18 at 9:48 AM
americanbankingnews.com logoPreferred Bank (PFBC) Set to Announce Earnings on Wednesday
www.americanbankingnews.com - April 17 at 8:56 AM
finance.yahoo.com logoPreferred Bank (California) : PFBC-US: Dividend Analysis : April 07th, 2017 (record date) : By the numbers : April 14, 2017
finance.yahoo.com - April 14 at 6:47 PM
americanbankingnews.com logoPreferred Bank (PFBC) Getting Favorable News Coverage, Study Finds
www.americanbankingnews.com - April 14 at 2:26 PM
americanbankingnews.com logoZacks: Preferred Bank (PFBC) Given $61.75 Average Price Target by Brokerages
www.americanbankingnews.com - April 12 at 8:37 AM
finance.yahoo.com logoPreferred Bank Announces 2017 First Quarter Earnings Release and Conference Call
finance.yahoo.com - April 11 at 10:31 AM
americanbankingnews.com logoPreferred Bank (PFBC) Receives New Coverage from Analysts at Stephens
www.americanbankingnews.com - April 6 at 7:39 PM
americanbankingnews.com logoPreferred Bank Plans Quarterly Dividend of $0.18 (pfbc)
www.americanbankingnews.com - March 27 at 9:11 AM
americanbankingnews.com logo Brokerages Set $61.75 Price Target for Preferred Bank (PFBC)
www.americanbankingnews.com - March 23 at 11:23 AM
finance.yahoo.com logoBank of Commerce Holdings (BOCH) Rises: Stock Jumps 10%
finance.yahoo.com - March 20 at 9:39 AM
streetinsider.com logoPreferred Bank (PFBC) PT Raised to $65 at FBR Capital Following 4Q EPS Beat
www.streetinsider.com - January 24 at 8:43 AM
finance.yahoo.com logoEdited Transcript of PFBC earnings conference call or presentation 20-Jan-17 7:00pm GMT
finance.yahoo.com - January 21 at 6:56 PM
seekingalpha.com logoPreferred Bank's (PFBC) CEO Li Yu on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - January 20 at 8:01 PM
biz.yahoo.com logoQ4 2016 Preferred Bank Earnings Release - After Market Close
us.rd.yahoo.com - January 20 at 12:07 AM
finance.yahoo.com logoHow Preferred Bank (PFBC) Stock Stands Out in a Strong Industry
finance.yahoo.com - January 12 at 7:49 PM
finance.yahoo.com logoPreferred Bank Announces 2016 Fourth Quarter and Full Year Earnings Release and Conference Call
finance.yahoo.com - January 11 at 7:48 PM
finance.yahoo.com logo3 Reasons to Buy Preferred Bank (PFBC) Stock Right Now
finance.yahoo.com - December 29 at 7:10 PM
us.rd.yahoo.com logo8:30 am Preferred Bank increases quarterly dividend to $0.18/share from $0.15/share
us.rd.yahoo.com - December 23 at 7:21 PM
seekingalpha.com logoPreferred Bank's (PFBC) CEO Li Yu on Q3 2016 Results - Earnings Call Transcript
seekingalpha.com - October 21 at 10:15 AM
finance.yahoo.com logoEdited Transcript of PFBC earnings conference call or presentation 20-Oct-16 6:00pm GMT
finance.yahoo.com - October 21 at 10:15 AM
seekingalpha.com logoPreferred Bank beats by $0.07, beats on revenue
seekingalpha.com - October 20 at 7:02 PM
biz.yahoo.com logoQ3 2016 Preferred Bank Earnings Release - After Market Close
biz.yahoo.com - October 19 at 3:18 PM
finance.yahoo.com logoPreferred Bank (PFBC): Moving Average Crossover Alert
finance.yahoo.com - August 30 at 6:41 PM
biz.yahoo.com logoQ2 2016 Preferred Bank Earnings Release - After Market Close
biz.yahoo.com - July 20 at 7:07 AM
finance.yahoo.com logoCoverage initiated on Preferred Bank by FBR Capital
finance.yahoo.com - July 1 at 5:33 AM
finance.yahoo.com logoPreferred Bank (PFBC) Sees Hammer Chart Pattern: Time to Buy?
finance.yahoo.com - June 22 at 9:03 AM
finance.yahoo.com logoEdited Transcript of PFBC earnings conference call or presentation 21-Apr-16 6:00pm GMT
finance.yahoo.com - April 21 at 11:54 PM
biz.yahoo.com logoQ1 2016 Preferred Bank Earnings Release - After Market Close
biz.yahoo.com - April 20 at 7:07 AM

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Chart

Preferred Bank (PFBC) Chart for Tuesday, May, 23, 2017

This page was last updated on 5/23/2017 by MarketBeat.com Staff