Preferred Bank - PFBC Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Preferred Bank in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" PFBC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PFBC, but not buy additional shares or sell existing shares.
View PFBC analyst ratings or view top-rated stocks.

3 analysts have issued twelve-month price targets for Preferred Bank's stock. Their PFBC share price forecasts range from $76.00 to $81.00. On average, they anticipate the company's share price to reach $79.00 in the next year. This suggests a possible upside of 42.9% from the stock's current price.
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Preferred Bank's stock was trading at $74.62 at the beginning of the year. Since then, PFBC stock has decreased by 25.9% and is now trading at $55.27.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our PFBC earnings forecast.

Preferred Bank (NASDAQ:PFBC) released its earnings results on Wednesday, January, 18th. The bank reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.57 by $0.14. The bank earned $76.92 million during the quarter, compared to the consensus estimate of $74.13 million. Preferred Bank had a trailing twelve-month return on equity of 21.40% and a net margin of 42.35%.

Preferred Bank declared a quarterly dividend on Thursday, December 15th. Shareholders of record on Friday, January 6th will be given a dividend of $0.55 per share on Friday, January 20th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Thursday, January 5th. This is an increase from the stock's previous quarterly dividend of $0.43.
Read our dividend analysis for PFBC.

ETFs with the largest weight of Preferred Bank (NASDAQ:PFBC) stock in their portfolio include Opus Small Cap Value Plus ETF (OSCV), Nuveen Small Cap Select ETF (NSCS), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap Quality ETF (XSHQ) and iShares U.S. Small Cap Equity Factor ETF (SMLF).

Preferred Bank (NASDAQ:PFBC) pays an annual dividend of $2.20 per share and currently has a dividend yield of 4.01%. PFBC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFBC will have a dividend payout ratio of 23.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFBC.

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

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).

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

Preferred Bank's stock is owned by many different retail and institutional investors. Top institutional investors include T. Rowe Price Investment Management Inc. (6.93%), Dimensional Fund Advisors LP (4.05%), Boston Partners (3.31%), Premier Fund Managers Ltd (2.24%), Stieven Capital Advisors L.P. (1.90%) and Millennium Management LLC (1.77%).

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.
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One share of PFBC stock can currently be purchased for approximately $55.27.

Preferred Bank (NASDAQ:PFBC) has a market capitalization of $831.81 million and generates $254.40 million in revenue each year. The bank earns $128.85 million in net income (profit) each year or $8.72 on an earnings per share basis.

The company employs 279 workers across the globe.

Preferred Bank's mailing address is 601 S. FIGUEROA STREET 48TH FLOOR, LOS ANGELES CA, 90017. The official website for the company 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.