NASDAQ:PFBCPreferred Bank Stock Price, Forecast & News

Preferred Bank's stock was trading at $40.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PFBC shares have decreased by 8.7% and is now trading at $37.18.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Preferred Bank in the last year. There are currently 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Preferred Bank.

Preferred Bank is scheduled to release its next quarterly earnings announcement on Wednesday, October 21st 2020.
View our earnings forecast for Preferred Bank.

Preferred Bank (NASDAQ:PFBC) issued its earnings results on Tuesday, July, 21st. The bank reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.28. The bank earned $43.61 million during the quarter, compared to analyst estimates of $43.39 million. Preferred Bank had a return on equity of 15.03% and a net margin of 31.17%.
View Preferred Bank's earnings history.

Preferred Bank declared a quarterly dividend on Wednesday, June 17th. Shareholders of record on Tuesday, July 7th will be given a dividend of $0.30 per share on Tuesday, July 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Monday, July 6th.
View Preferred Bank's dividend history.

6 Wall Street analysts have issued twelve-month price objectives for Preferred Bank's shares. Their forecasts range from $36.00 to $64.00. On average, they expect Preferred Bank's stock price to reach $48.20 in the next year. This suggests a possible upside of 29.6% from the stock's current price.
View analysts' price targets for Preferred Bank.

Headlines about PFBC stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Preferred Bank earned a media sentiment score of 1.4 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about Preferred Bank.

Preferred Bank saw a increase in short interest in July. As of July 31st, there was short interest totaling 1,020,000 shares, an increase of 7.7% from the July 15th total of 947,200 shares. Based on an average daily trading volume, of 84,400 shares, the days-to-cover ratio is currently 12.1 days. Approximately 7.6% of the shares of the company are sold short.
View Preferred Bank's Current Options Chain.

Some companies that are related to Preferred Bank include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Preferred Bank investors own include Energy Transfer LP Unit (ET), Alibaba Group (BABA), Verizon Communications (VZ), Exxon Mobil (XOM), AbbVie (ABBV), JPMorgan Chase & Co. (JPM), Medtronic (MDT), AT&T (T), Enterprise Products Partners (EPD) and Gilead Sciences (GILD).

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

Preferred Bank's stock is owned by many different institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (3.69%), LSV Asset Management (1.50%), WINTON GROUP Ltd (0.52%), Raymond James & Associates (0.27%), Cadence Capital Management LLC (0.27%) and Mackay Shields LLC (0.25%).

PFBC stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., LSV Asset Management, Texas Permanent School Fund, and Alps Advisors Inc..

PFBC stock was purchased by a variety of institutional investors in the last quarter, including WINTON GROUP Ltd, Mackay Shields LLC, Roubaix Capital LLC, First Trust Advisors LP, Russell Investments Group Ltd., Pillar Pacific Capital Management LLC, Swiss National Bank, and SG Americas Securities LLC.

Shares of PFBC 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, Robinhood, Fidelity, and Charles Schwab.

One share of PFBC stock can currently be purchased for approximately $37.18.

Preferred Bank has a market capitalization of $559.56 million and generates $234.19 million in revenue each year. The bank earns $78.37 million in net income (profit) each year or $5.23 on an earnings per share basis. Preferred Bank employs 263 workers across the globe.

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

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]