Preferred Bank Stock Forecast, Price & News

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.

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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.

Preferred Bank is scheduled to release its next quarterly earnings announcement on Tuesday, April 20th 2021.
View our earnings forecast for Preferred Bank.

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.

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.
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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.

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.

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.

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.

Some companies that are related to Preferred Bank include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), Regions Financial (RF), M&T Bank (MTB), KeyCorp (KEY), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Zions Bancorporation, National Association (ZION) and Commerce Bancshares (CBSH).
View all of PFBC's competitors.

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 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%).

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

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

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.
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One share of PFBC stock can currently be purchased for approximately $67.66.

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.

Preferred Bank employs 279 workers across the globe.

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

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

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]