NASDAQ:PFBC

Preferred Bank Stock Forecast, Price & News

$58.67
+0.87 (+1.51 %)
(As of 08/3/2021 12:00 AM ET)
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Today's Range
$57.27
$58.69
50-Day Range
$57.80
$68.99
52-Week Range
$30.65
$69.44
Volume78,388 shs
Average Volume62,568 shs
Market Capitalization$882.98 million
P/E Ratio10.84
Dividend Yield2.58%
Beta1.49
30 days | 90 days | 365 days | Advanced Chart
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Preferred Bank logo

About Preferred Bank

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 and term loans for capital expenditures, as well as equipment financing 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, export financing, bills purchase programs, and acceptances/trust receipt financing products, as well as standby letters of credit. 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, 2020, it had thirteen full-service branch offices in Alhambra, Arcadia, Century City, City of Industry, Diamond Bar, Los Angeles, Pico Rivera, San Francisco, Tarzana, Torrance, and Irvine, California; and Flushing, New York. The company was founded in 1991 and is headquartered in Los Angeles, California.

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MarketRank

Overall MarketRank

2.81 out of 5 stars

Finance Sector

84th out of 1,320 stocks

State Commercial Banks Industry

15th out of 230 stocks

Analyst Opinion: 3.3Community Rank: 4.7Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Preferred Bank (NASDAQ:PFBC) Frequently Asked Questions

Is Preferred Bank a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Preferred Bank in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Preferred Bank stock.
View analyst ratings for Preferred Bank
or view top-rated stocks.

What stocks does MarketBeat like better than Preferred Bank?

Wall Street analysts have given Preferred Bank a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Preferred Bank wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Preferred Bank's next earnings date?

Preferred Bank is scheduled to release its next quarterly earnings announcement on Monday, October 18th 2021.
View our earnings forecast for Preferred Bank
.

How were Preferred Bank's earnings last quarter?

Preferred Bank (NASDAQ:PFBC) released its quarterly earnings data on Monday, July, 19th. The bank reported $1.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.48 by $0.04. Preferred Bank had a trailing twelve-month return on equity of 15.17% and a net margin of 37.52%.
View Preferred Bank's earnings history
.

How has Preferred Bank's stock been impacted by Coronavirus (COVID-19)?

Preferred Bank's stock was trading at $40.72 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PFBC shares have increased by 44.1% and is now trading at $58.67.
View which stocks have been most impacted by COVID-19
.

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

Preferred Bank announced a quarterly dividend on Wednesday, June 16th. Investors of record on Wednesday, July 7th will be given a dividend of $0.38 per share on Wednesday, July 21st. This represents a $1.52 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Tuesday, July 6th.
View Preferred Bank's dividend history
.

Is Preferred Bank a good dividend stock?

Preferred Bank pays an annual dividend of $1.52 per share and currently has a dividend yield of 2.58%. Preferred Bank does not yet have a strong track record of dividend growth. The dividend payout ratio of Preferred Bank is 32.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Preferred Bank will have a dividend payout ratio of 24.01% next year. This indicates that Preferred Bank will be able to sustain or increase its dividend.
View Preferred Bank's dividend history.

What price target have analysts set for PFBC?

3 brokers have issued 12 month price targets for Preferred Bank's shares. Their forecasts range from $72.00 to $82.00. On average, they anticipate Preferred Bank's stock price to reach $78.00 in the next twelve months. This suggests a possible upside of 32.9% from the stock's current price.
View analysts' price targets for Preferred Bank
or view top-rated stocks among Wall Street analysts.

Who are Preferred Bank's key executives?

Preferred Bank's management team includes the following people:
  • Mr. Li Yu, Chairman, CEO & Corp. Sec. (Age 80, Pay $1.79M)
  • Mr. Wellington Chen, Pres & COO (Age 61, Pay $965.24k)
  • Mr. Edward J. Czajka, Exec. VP & CFO (Age 57, Pay $617.88k)
  • Mr. Nick Pi, Exec. VP & Chief Credit Officer (Age 60, Pay $462.48k)
  • Mr. Johnny Hsu, Exec. VP & Deputy COO
  • Mr. Robert J. Kosof, Exec. VP of Commercial Lending (Age 77)
  • Ms. Sandy Ho, Exec. VP & Regional Mang.
  • Ms. Stella Chen, Sr. VP
  • Erika Chi, Exec. VP
  • Ted Hsu, Exec. VP

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.

Who are some of Preferred Bank's key competitors?

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 many different retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (0.30%), Aptus Capital Advisors LLC (0.17%), Alliancebernstein L.P. (0.09%), Exchange Traded Concepts LLC (0.07%), State of Alaska Department of Revenue (0.06%) and Dupont Capital Management Corp (0.06%).

Which major investors are selling Preferred Bank stock?

PFBC stock was sold by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., Alliancebernstein L.P., Victory Capital Management Inc., and Arizona State Retirement System.

Which major investors are buying Preferred Bank stock?

PFBC stock was purchased by a variety of institutional investors in the last quarter, including Dupont Capital Management Corp, Aptus Capital Advisors LLC, Exchange Traded Concepts LLC, and State of Alaska Department of Revenue.

How do I buy shares of Preferred Bank?

Shares of PFBC 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 $58.67.

How much money does Preferred Bank make?

Preferred Bank has a market capitalization of $882.98 million and generates $220.32 million in revenue each year. The bank earns $69.47 million in net income (profit) each year or $4.65 on an earnings per share basis.

How many employees does Preferred Bank have?

Preferred Bank employs 279 workers across the globe.

What is Preferred Bank's official website?

The official website for Preferred Bank is www.preferredbank.com.

Where are Preferred Bank's headquarters?

Preferred Bank is headquartered at 601 S. FIGUEROA STREET 48TH FLOOR, LOS ANGELES CA, 90017.

How can I contact Preferred Bank?

Preferred Bank's mailing address is 601 S. FIGUEROA STREET 48TH FLOOR, LOS ANGELES CA, 90017. The bank can be reached via phone at 213-891-1188 or via email at [email protected]


This page was last updated on 8/3/2021 by MarketBeat.com Staff
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