NASDAQ:PFBC

Preferred Bank Stock Forecast, Price & News

$65.91
-2.19 (-3.22 %)
(As of 04/20/2021 11:31 AM ET)
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Today's Range
$65.71
Now: $65.91
$68.56
50-Day Range
$57.95
MA: $64.82
$68.14
52-Week Range
$28.92
Now: $65.91
$69.09
Volume677 shs
Average Volume72,758 shs
Market Capitalization$991.95 million
P/E Ratio14.42
Dividend Yield2.23%
Beta1.47
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.
Preferred Bank logo

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:PFBC
CUSIP74036740
Phone213-891-1188
Employees279
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$234.19 million
Cash Flow$7.17 per share
Book Value$31.23 per share

Profitability

Net Income$78.37 million

Miscellaneous

Market Cap$991.95 million
Next Earnings Date4/20/2021 (Confirmed)
OptionableOptionable

Headlines

Preferred Bank (NASDAQ:PFBC) PT Raised to $80.00
April 15, 2021 |  americanbankingnews.com
Preferred Bank (PFBC) to Release Earnings on Tuesday
April 14, 2021 |  americanbankingnews.com
Preferred Bank (NASDAQ:PFBC) Upgraded at Raymond James
April 13, 2021 |  americanbankingnews.com
Preferred Bank (NASDAQ:PFBC) Sees Strong Trading Volume
April 6, 2021 |  americanbankingnews.com
Preferred Bank Increases Quarterly Cash Dividend
March 19, 2021 |  finance.yahoo.com
Preferred Bank Bumps Up Quarterly Dividend By 26.7%
March 19, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

2.00 out of 5 stars

Finance Sector

201st out of 1,955 stocks

State Commercial Banks Industry

41st out of 310 stocks

Analyst Opinion: 1.4Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$65.91
-2.19 (-3.22 %)
(As of 04/20/2021 11:31 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Preferred Bank (NASDAQ:PFBC) Frequently Asked Questions

Is Preferred Bank a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Preferred Bank in the last year. There are currently 1 hold rating and 3 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 stocks does MarketBeat like better than Preferred Bank?

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

Are investors shorting Preferred Bank?

Preferred Bank saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 357,200 shares, a decrease of 27.8% from the March 15th total of 494,700 shares. Based on an average daily trading volume, of 73,700 shares, the days-to-cover ratio is currently 4.8 days. Approximately 2.7% of the company's stock are short sold.
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 Tuesday, April 20th 2021.
View our earnings forecast for Preferred Bank
.

How were Preferred Bank's earnings last quarter?

Preferred Bank (NASDAQ:PFBC) announced its quarterly earnings data on Sunday, January, 24th. The bank reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.20 by $0.20. The bank earned $47.42 million during the quarter, compared to the consensus estimate of $45.79 million. Preferred Bank had a net margin of 30.60% and a trailing twelve-month return on equity of 14.08%.
View Preferred Bank's earnings history
.

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

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 increased by 66.2% and is now trading at $67.66.
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 declared a quarterly dividend on Thursday, March 18th. Investors of record on Wednesday, April 7th will be paid a dividend of $0.38 per share on Wednesday, April 21st. This represents a $1.52 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Tuesday, April 6th. This is an increase from Preferred Bank's previous quarterly dividend of $0.30.
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 2.23%. Preferred Bank does not yet have a strock track record of dividend growth. The dividend payout ratio of Preferred Bank is 29.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Preferred Bank will have a dividend payout ratio of 33.12% 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?

4 brokers have issued 1-year price targets for Preferred Bank's shares. Their forecasts range from $36.00 to $82.00. On average, they anticipate Preferred Bank's stock price to reach $67.50 in the next twelve months. This suggests that the stock has a possible downside of 0.2%.
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 $2.12M)
  • Mr. Wellington Chen, Pres & COO (Age 61, Pay $986.84k)
  • Mr. Edward J. Czajka, Exec. VP & CFO (Age 57, Pay $618.06k)
  • Mr. Nick Pi, Exec. VP & Chief Credit Officer (Age 60, Pay $531.12k)
  • 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 a number of retail and institutional investors. Top institutional investors include Exchange Traded Concepts LLC (0.07%) and State of Alaska Department of Revenue (0.06%).

Which institutional investors are selling Preferred Bank stock?

PFBC stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue.

Which institutional investors are buying Preferred Bank stock?

PFBC stock was purchased by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC.

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 $67.66.

How much money does Preferred Bank make?

Preferred Bank has a market capitalization of $1.02 billion 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.

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 4/20/2021 by MarketBeat.com Staff
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