Preferred Bank Company Profile (NASDAQ:PFBC)

About Preferred Bank (NASDAQ:PFBC)

Preferred Bank logoPreferred Bank is a commercial bank. The Bank provides deposit services, as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high net worth individuals. The Bank offers various services, such as personal banking, business banking and treasury management. The Bank's loan portfolio includes real estate mortgage loans, real estate construction loans, commercial loans and trade finance. Its real estate mortgage portfolio consists of real estate mini-perm loans, as well as purchased residential mortgages. The Bank offers a range of commercial loan products, including lines of credit for working capital, term loans for capital expenditures and commercial and stand-by letters of credit. Through its branch network, the Bank provides a range of financial services to individuals and companies located primarily in Southern California.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Banks
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:PFBC
  • CUSIP: 74036740
  • Web: www.preferredbank.com
Capitalization:
  • Market Cap: $728.11 million
  • Outstanding Shares: 13,188,000
Average Prices:
  • 50 Day Moving Avg: $53.93
  • 200 Day Moving Avg: $53.12
  • 52 Week Range: $34.31 - $58.98
P/E:
  • Trailing P/E Ratio: 18.96
  • Foreward P/E Ratio: 14.80
  • P/E Growth: 1.71
Sales & Book Value:
  • Annual Revenue: $111.9 million
  • Price / Sales: 6.51
  • Book Value: $21.24 per share
  • Price / Book: 2.60
Dividend:
  • Annual Dividend: $0.80
  • Dividend Yield: 1.5%
Profitability:
  • Net Margins: 28.91%
  • Return on Equity: 14.05%
  • Return on Assets: 1.25%
Debt:
  • Debt-to-Equity Ratio: 0.35%
  • Current Ratio: 1.04%
  • Quick Ratio: 1.04%
Misc:
  • Average Volume: 82,242 shs.
  • Beta: 0.95
  • Short Ratio: 6.41
 

Frequently Asked Questions for Preferred Bank (NASDAQ:PFBC)

What is Preferred Bank's stock symbol?

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

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

Preferred Bank announced a quarterly dividend on Friday, September 22nd. Stockholders of record on Friday, October 6th will be given a dividend of $0.20 per share on Friday, October 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, October 5th. View Preferred Bank's Dividend History.

How were Preferred Bank's earnings last quarter?

Preferred Bank (NASDAQ:PFBC) issued its earnings results on Tuesday, July, 18th. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.05. The firm had revenue of $32.55 million for the quarter, compared to analyst estimates of $31.78 million. Preferred Bank had a net margin of 28.91% and a return on equity of 14.05%. View Preferred Bank's Earnings History.

When will Preferred Bank make its next earnings announcement?

Preferred Bank is scheduled to release their next quarterly earnings announcement on Wednesday, October, 18th 2017. View Earnings Estimates for Preferred Bank.

Where is Preferred Bank's stock going? Where will Preferred Bank's stock price be in 2017?

2 brokers have issued 1 year price objectives for Preferred Bank's shares. Their forecasts range from $65.00 to $65.00. On average, they expect Preferred Bank's share price to reach $65.00 in the next twelve months. View Analyst Ratings for Preferred Bank.

What are analysts saying about Preferred Bank stock?

Here are some recent quotes from research analysts about Preferred Bank stock:

  • 1. According to Zacks Investment Research, "Preferred Bank is one of the largest independent commercial banks in California focusing on the Chinese-American market. The bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Company conducts its banking business from its main office in Los Angeles, California, and through ten full-service branch banking offices in Alhambra, Century City, Chino Hills, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Santa Monica and Valencia, California. Preferred Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers. The bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid- sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Preferred Bank continues to benefit from the significant migration to Southern California of " (9/20/2017)
  • 2. FBR & Co analysts commented, "We reiterate our Outperform rating on Preferred Bank following strong 4Q16 results. Our estimates for PFBC are high on the Street, and given the strong 4Q trends, we are raising our estimates and expect consensus to rise, as well. EPS for 4Q16 grew 24.4% on a year-over-year basis, and Preferred continues to generate best-in-class profitability (1.28% ROAA, 13.8% ROTCE, 38.4% efficiency). PFBC is the most assetsensitive name we cover, and we consider it a very attractively priced growth bank with significant further upside potential from rising rates. To reflect a wider NIM, we raise our 2017 EPS estimate to $3.10 (from $3.05) and our 2018 operating EPS estimate to $3.65 (from $3.50). Given higher estimates, we raise our price target to $65 (from $60), which equals 17.8x our 2018 EPS estimate and 2.8x 2017E TBV." (1/23/2017)

Who are some of Preferred Bank's key competitors?

Who are Preferred Bank's key executives?

Preferred Bank's management team includes the folowing people:

  • Li Yu, Chairman of the Board, Chief Executive Officer
  • Wellington Chen, President, Chief Operating Officer
  • Edward J. Czajka, Chief Financial Officer, Senior Vice President
  • Frederick B. Denitz, Executive Vice President
  • Thomas Lo, Executive Vice President - Orange County
  • Nick Pi, Executive Vice President, Chief Credit Officer
  • Robert J. Kosof, Head - Commercial Lending and Regional Manager - West Los Angeles Operations
  • J. Richard Belliston, Director
  • William Cheng, Director
  • Clark Hsu, Director

Who owns Preferred Bank stock?

Preferred Bank's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.87%), Dimensional Fund Advisors LP (3.38%), Stieven Capital Advisors L.P. (3.02%), State Street Corp (2.71%), Renaissance Technologies LLC (2.60%) and JPMorgan Chase & Co. (2.12%). View Institutional Ownership Trends for Preferred Bank.

Who sold Preferred Bank stock? Who is selling Preferred Bank stock?

Preferred Bank's stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Hennessy Advisors Inc., TIAA CREF Investment Management LLC, Bank of New York Mellon Corp, Capital Impact Advisors LLC, Russell Investments Group Ltd., FMR LLC and Royal Bank of Canada. View Insider Buying and Selling for Preferred Bank.

Who bought Preferred Bank stock? Who is buying Preferred Bank stock?

Preferred Bank's stock was purchased by a variety of institutional investors in the last quarter, including Phocas Financial Corp., State Street Corp, Ameriprise Financial Inc., New York State Common Retirement Fund, Vanguard Group Inc., Thrivent Financial For Lutherans, JPMorgan Chase & Co. and Systematic Financial Management LP. View Insider Buying and Selling for Preferred Bank.

How do I buy Preferred Bank stock?

Shares of Preferred Bank can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Preferred Bank's stock price today?

One share of Preferred Bank stock can currently be purchased for approximately $55.21.


MarketBeat Community Rating for Preferred Bank (NASDAQ PFBC)
Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  123 (Vote Outperform)
Underperform Votes:  87 (Vote Underperform)
Total Votes:  210
MarketBeat's community ratings are surveys of what our community members think about Preferred Bank and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Preferred Bank (NASDAQ:PFBC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $65.00 (17.73% upside)

Analysts' Ratings History for Preferred Bank (NASDAQ:PFBC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/19/2017FBR & CoReiterated RatingBuyLowView Rating Details
7/10/2017StephensUpgradeEqual Weight -> OverweightMediumView Rating Details
8/25/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$15.00N/AView Rating Details
(Data available from 9/24/2015 forward)

Earnings

Earnings History for Preferred Bank (NASDAQ:PFBC)
Earnings by Quarter for Preferred Bank (NASDAQ:PFBC)
Earnings History by Quarter for Preferred Bank (NASDAQ PFBC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/17/2017$0.82N/AView Earnings Details
7/18/2017Q2 2017$0.75$0.80$31.78 million$32.55 millionViewN/AView Earnings Details
4/19/2017Q1 2017$0.70$0.71$30.00 million$30.53 millionViewN/AView Earnings Details
1/19/2017Q4 2016$0.65$0.71$28.08 million$29.35 millionViewN/AView Earnings Details
10/19/2016Q3$0.62$0.69$27.53 million$27.85 millionViewN/AView Earnings Details
7/20/2016Q2$0.58$0.61$26.18 million$27.40 millionViewN/AView Earnings Details
4/20/2016Q1$0.56$0.56$24.20 million$25.04 millionViewN/AView Earnings Details
1/21/2016Q4$0.54$0.57$23.17 million$23.27 millionViewListenView Earnings Details
10/19/2015Q315$0.53$0.57$21.93 million$22.54 millionViewListenView Earnings Details
7/20/2015Q215$0.50$0.55$20.90 million$21.70 millionViewListenView Earnings Details
4/20/2015Q115$0.48$0.48$20.33 million$20.23 millionViewN/AView Earnings Details
1/20/2015Q414$0.47$0.50$19.43 million$20.13 millionViewN/AView Earnings Details
10/16/2014Q3 14$0.43$0.46$18.53 million$18.96 millionViewListenView Earnings Details
7/23/2014Q412$0.39$0.43$18.13 million$17.98 millionViewN/AView Earnings Details
4/22/2014Q1$0.37$0.38$17.70 million$17.53 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Preferred Bank (NASDAQ:PFBC)
2017 EPS Consensus Estimate: $3.23
2018 EPS Consensus Estimate: $3.96
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.69$0.72$0.70
Q2 20173$0.74$0.77$0.76
Q3 20173$0.85$0.93$0.88
Q4 20173$0.83$0.96$0.89
Q1 20182$0.90$0.98$0.94
Q2 20182$0.94$1.01$0.98
Q3 20182$0.99$1.03$1.01
Q4 20182$1.02$1.05$1.04
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Preferred Bank (NASDAQ:PFBC)
Next Dividend:10/20/2017
Annual Dividend:$0.80
Dividend Yield:1.45%
Payout Ratio:27.49% (Trailing 12 Months of Earnings)
24.92% (Based on This Year's Estimates)
21.45% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Preferred Bank (NASDAQ:PFBC)

Dividend History by Quarter for Preferred Bank (NASDAQ PFBC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/22/2017quarterly$0.201.45%10/5/201710/6/201710/20/2017
6/26/2017quarterly$0.201.61%7/5/20177/7/20177/21/2017
3/24/2017Quarterly$0.181.42%4/5/20174/7/20174/21/2017
12/23/2016Quarterly$0.181.39%1/4/20171/6/20171/20/2017
9/23/2016quarterly$0.151.69%10/5/201610/7/201610/21/2016
6/24/2016quarterly$0.152.05%7/5/20167/7/20167/21/2016
3/29/2016quarterly$0.152.02%4/5/20164/7/20164/21/2016
12/21/2015quarterly$0.151.8%1/5/20161/7/20161/21/2016
9/23/2015$0.1210/2/201510/6/201510/20/2015
6/24/2015quarterly$0.121.63%7/2/20157/7/20157/21/2015
3/20/2015quarterly$0.121.71%4/2/20154/7/20154/21/2015
12/19/2014quarterly$0.101.52%1/2/20151/6/20151/20/2015
9/26/2014quarterly$0.1010/2/201410/6/201410/20/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Preferred Bank (NASDAQ:PFBC)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Preferred Bank (NASDAQ:PFBC)
Latest Headlines for Preferred Bank (NASDAQ:PFBC)
Source:
DateHeadline
americanbankingnews.com logoPreferred Bank Declares Quarterly Dividend of $0.20 (PFBC)
www.americanbankingnews.com - September 22 at 6:28 PM
finance.yahoo.com logoPreferred Bank (California) breached its 50 day moving average in a Bullish Manner : PFBC-US : September 22, 2017
finance.yahoo.com - September 22 at 12:33 PM
americanbankingnews.com logoZacks: Brokerages Anticipate Preferred Bank (PFBC) Will Post Quarterly Sales of $34.68 Million
www.americanbankingnews.com - September 21 at 5:56 AM
americanbankingnews.com logoZacks Investment Research Lowers Preferred Bank (PFBC) to Hold
www.americanbankingnews.com - September 20 at 9:00 AM
americanbankingnews.com logoPreferred Bank (PFBC) & Its Rivals Head to Head Analysis
www.americanbankingnews.com - September 15 at 2:14 AM
americanbankingnews.com logo$0.85 EPS Expected for Preferred Bank (PFBC) This Quarter
www.americanbankingnews.com - August 31 at 10:28 PM
finance.yahoo.com logoPreferred Bank (California) – Value Analysis (NASDAQ:PFBC) : August 23, 2017
finance.yahoo.com - August 24 at 10:56 AM
finance.yahoo.com logoPreferred Bank (California) : PFBC-US: Dividend Analysis : July 07th, 2017 (record date) : By the numbers : August 21, 2017
finance.yahoo.com - August 23 at 10:20 AM
finance.yahoo.com logoPreferred Bank (California) breached its 50 day moving average in a Bearish Manner : PFBC-US : August 11, 2017
finance.yahoo.com - August 12 at 6:47 AM
americanbankingnews.com logoPreferred Bank (PFBC) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - August 5 at 1:06 PM
americanbankingnews.com logo Brokerages Anticipate Preferred Bank (PFBC) Will Post Quarterly Sales of $34.68 Million
www.americanbankingnews.com - July 28 at 6:01 PM
finance.yahoo.com logoWhy Preferred Bank (PFBC) Stock Might be a Great Pick
finance.yahoo.com - July 26 at 6:17 AM
americanbankingnews.com logoPreferred Bank (PFBC) Given Buy Rating at FBR & Co
www.americanbankingnews.com - July 23 at 3:49 PM
americanbankingnews.com logoFY2018 Earnings Forecast for Preferred Bank Issued By FIG Partners (PFBC)
www.americanbankingnews.com - July 21 at 3:30 PM
americanbankingnews.com logoResearch Analysts Set Expectations for Preferred Bank's Q3 2017 Earnings (NASDAQ:PFBC)
www.americanbankingnews.com - July 21 at 9:08 AM
americanbankingnews.com logoPreferred Bank (PFBC) to Post Q3 2017 Earnings of $0.87 Per Share, FBR & Co Forecasts
www.americanbankingnews.com - July 21 at 9:08 AM
finance.yahoo.com logoEdited Transcript of PFBC earnings conference call or presentation 19-Jul-17 6:00pm GMT
finance.yahoo.com - July 21 at 6:08 AM
americanbankingnews.com logoFIG Partners Weighs in on Preferred Bank's Q3 2017 Earnings (PFBC)
www.americanbankingnews.com - July 20 at 8:42 AM
finance.yahoo.com logoInvestor Network: Preferred Bank to Host Earnings Call
finance.yahoo.com - July 19 at 3:47 PM
americanbankingnews.com logoPreferred Bank (PFBC) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS
www.americanbankingnews.com - July 19 at 8:59 AM
seekingalpha.com logoPreferred Bank beats by $0.05, beats on net interest income
seekingalpha.com - July 19 at 2:24 AM
globenewswire.com logoPreferred Bank Reports Second Quarter Results
globenewswire.com - July 19 at 2:24 AM
americanbankingnews.com logoPreferred Bank (NASDAQ:PFBC) Set to Announce Earnings on Tuesday
www.americanbankingnews.com - July 14 at 7:46 AM
americanbankingnews.com logoPreferred Bank (PFBC) Upgraded to Overweight at Stephens
www.americanbankingnews.com - July 10 at 11:38 AM
americanbankingnews.com logoPreferred Bank (PFBC) versus OFG Bancorp (OFG) Financial Analysis
www.americanbankingnews.com - July 9 at 10:24 PM
feeds.benzinga.com logoPreferred Bank Announces 2017 Second Quarter Earnings Release and Conference Call
feeds.benzinga.com - July 6 at 8:31 PM
americanbankingnews.com logoPreferred Bank (NASDAQ:PFBC) Expected to Post Quarterly Sales of $31.78 Million
www.americanbankingnews.com - July 2 at 10:42 AM
americanbankingnews.com logoPreferred Bank (PFBC) Expected to Announce Earnings of $0.75 Per Share
www.americanbankingnews.com - June 30 at 9:54 AM
finance.yahoo.com logoPreferred Bank (California) breached its 50 day moving average in a Bullish Manner : PFBC-US : June 29, 2017
finance.yahoo.com - June 30 at 3:31 AM
americanbankingnews.com logo Brokerages Set $60.60 Target Price for Preferred Bank (PFBC)
www.americanbankingnews.com - June 29 at 10:49 AM
americanbankingnews.com logoFIG Partners Equities Analysts Lift Earnings Estimates for Preferred Bank (PFBC)
www.americanbankingnews.com - June 28 at 7:26 AM
finance.yahoo.com logoPreferred Bank Receives Negotiating Permit From State of California to Raise New Common Stock
finance.yahoo.com - June 27 at 7:17 AM
americanbankingnews.com logoPreferred Bank (PFBC) Plans Dividend Increase - $0.20 Per Share
www.americanbankingnews.com - June 26 at 5:20 PM
americanbankingnews.com logoPreferred Bank (PFBC) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - June 24 at 12:36 PM
americanbankingnews.com logoPreferred Bank (PFBC) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - June 24 at 7:08 AM
seekingalpha.com logoCANSLIM Memo: Plumas Bancorp
seekingalpha.com - June 17 at 7:53 PM
americanbankingnews.com logoAnalysts Anticipate Preferred Bank (PFBC) to Announce $0.75 Earnings Per Share
www.americanbankingnews.com - June 14 at 6:38 PM
finance.yahoo.com logoPreferred Bank (California) breached its 50 day moving average in a Bullish Manner : PFBC-US : June 12, 2017
finance.yahoo.com - June 12 at 8:33 AM
americanbankingnews.com logo$31.78 Million in Sales Expected for Preferred Bank (PFBC) This Quarter
www.americanbankingnews.com - June 8 at 2:34 PM
finance.yahoo.com logoETFs with exposure to Preferred Bank (California) : June 6, 2017
finance.yahoo.com - June 6 at 7:58 PM
finance.yahoo.com logoPreferred Bank (California) :PFBC-US: Earnings Analysis: Q1, 2017 By the Numbers : June 5, 2017
finance.yahoo.com - June 5 at 7:49 PM
americanbankingnews.com logoPreferred Bank (PFBC) Upgraded to Buy by ValuEngine
www.americanbankingnews.com - June 3 at 5:40 PM
finance.yahoo.com logoPreferred Bank (California) breached its 50 day moving average in a Bearish Manner : PFBC-US : May 15, 2017
finance.yahoo.com - May 15 at 9:53 AM
americanbankingnews.com logoPreferred Bank (PFBC) Expected to Post Quarterly Sales of $31.78 Million
www.americanbankingnews.com - May 12 at 3:24 PM
americanbankingnews.com logo Brokerages Anticipate Preferred Bank (PFBC) Will Post Earnings of $0.75 Per Share
www.americanbankingnews.com - May 10 at 10:08 AM
americanbankingnews.com logoPreferred Bank (PFBC) Earns Daily News Impact Rating of 0.28
www.americanbankingnews.com - May 5 at 10:34 PM
finance.yahoo.com logoPreferred Bank to Participate in Upcoming Investor Conferences
finance.yahoo.com - May 3 at 7:52 PM
americanbankingnews.com logoVery Positive Media Coverage Very Likely to Affect Preferred Bank (PFBC) Stock Price
www.americanbankingnews.com - May 2 at 4:20 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Extremely Likely to Impact Preferred Bank (PFBC) Share Price
www.americanbankingnews.com - April 27 at 11:42 AM
finance.yahoo.com logoPreferred Bank (California) breached its 50 day moving average in a Bullish Manner : PFBC-US : April 26, 2017
finance.yahoo.com - April 26 at 6:04 PM

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Chart

Preferred Bank (PFBC) Chart for Sunday, September, 24, 2017

This page was last updated on 9/24/2017 by MarketBeat.com Staff