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NASDAQ:PFBCPreferred Bank Stock Price, Forecast & News

$41.17
+0.92 (+2.29 %)
(As of 08/11/2020 04:00 PM ET)
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Today's Range
$41.02
Now: $41.17
$41.99
50-Day Range
$36.48
MA: $39.43
$42.85
52-Week Range
$20.04
Now: $41.17
$64.50
Volume58,866 shs
Average Volume99,913 shs
Market Capitalization$619.61 million
P/E Ratio8.69
Dividend Yield2.98%
Beta1.41
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's deposit products include 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; commercial loans comprising lines of credit for working capital and term loans for capital expenditures; and commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, export financing products, bills purchase programs, and acceptances/trust receipt financing products, as well as standby letters of credit and foreign exchange services for importers and exporters. In addition, it offers various high-wealth banking services to wealthy individuals residing in the Pacific Rim area with residences, real estate investments, or businesses in Southern California. Further, it provides 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. Additionally, it offers remote deposit capture, and Internet and mobile banking services. As of December 31, 2018, it had 13 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.89 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:PFBC
CUSIP74036740
Phone213-891-1188

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$234.19 million
Cash Flow$5.96 per share
Book Value$31.23 per share

Profitability

Net Income$78.37 million

Miscellaneous

Employees263
Market Cap$619.61 million
Next Earnings Date10/21/2020 (Estimated)
OptionableOptionable
$41.17
+0.92 (+2.29 %)
(As of 08/11/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Preferred Bank (NASDAQ:PFBC) Frequently Asked Questions

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

Preferred Bank's stock was trading at $40.72 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PFBC shares have increased by 1.1% and is now trading at $41.17.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Preferred Bank?

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
.

When is Preferred Bank's next earnings date?

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

How were Preferred Bank's earnings last quarter?

Preferred Bank (NASDAQ:PFBC) issued its earnings results on Tuesday, July, 21st. The bank reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.28. The bank had revenue of $43.61 million for the quarter, compared to analysts' expectations 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
.

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

Preferred Bank announced 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 2.91%. The ex-dividend date is Monday, July 6th.
View Preferred Bank's dividend history
.

What price target have analysts set for PFBC?

6 Wall Street analysts have issued 12-month target prices for Preferred Bank's stock. Their forecasts range from $36.00 to $64.00. On average, they anticipate Preferred Bank's share price to reach $48.20 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price.
View analysts' price targets for Preferred Bank
.

Has Preferred Bank been receiving favorable news coverage?

Media coverage about PFBC stock has trended negative this week, according to InfoTrie. The research firm ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Preferred Bank earned a media sentiment score of -2.6 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future.
View the latest news about Preferred Bank
.

Are investors shorting Preferred Bank?

Preferred Bank saw a increase in short interest in the month of 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 short-interest ratio is currently 12.1 days. Currently, 7.6% of the shares of the stock are short sold.
View Preferred Bank's Short Interest
.

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 LP Unit (ET), Exxon Mobil (XOM), Alibaba Group (BABA), Verizon Communications (VZ), AbbVie (ABBV), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM) and Medtronic (MDT).

Who are Preferred Bank's key executives?

Preferred Bank's management team includes the following people:
  • Mr. Li Yu, Chairman, CEO & Corp. Sec. (Age 78)
  • Mr. Wellington Chen, Pres & COO (Age 59)
  • Mr. Edward J. Czajka, Exec. VP & CFO (Age 55)
  • Mr. Nick Pi, Exec. VP & Chief Credit Officer (Age 58)
  • Ms. Sandy Ho, Exec. VP & Regional Mang.

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 many different institutional and retail investors. Top institutional investors 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%).

Which institutional investors are selling Preferred Bank stock?

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

Which institutional investors are buying Preferred Bank stock?

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, State Board of Administration of Florida Retirement System, and Swiss National Bank.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Preferred Bank's stock price today?

One share of PFBC stock can currently be purchased for approximately $41.17.

How big of a company is Preferred Bank?

Preferred Bank has a market capitalization of $619.61 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.

What is Preferred Bank's official website?

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

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 8/12/2020 by MarketBeat.com Staff

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