Preferred Bank - PFBC Stock Forecast, Price & News

4 Wall Street 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 analysts is that investors should "buy" PFBC shares.
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4 Wall Street analysts have issued 12-month target prices for Preferred Bank's shares. Their PFBC share price forecasts range from $80.00 to $95.00. On average, they expect the company's stock price to reach $87.20 in the next year. This suggests a possible upside of 16.8% from the stock's current price.
View analysts price targets for PFBC or view top-rated stocks among Wall Street analysts.

Preferred Bank's stock was trading at $71.79 at the start of the year. Since then, PFBC shares have increased by 4.0% and is now trading at $74.66.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 18th 2023.
View our PFBC earnings forecast.

Preferred Bank (NASDAQ:PFBC) issued its earnings results on Tuesday, October, 19th. The bank reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.14. The bank had revenue of $50.54 million for the quarter, compared to analyst estimates of $49.76 million. Preferred Bank had a trailing twelve-month return on equity of 19.58% and a net margin of 44.53%. During the same period last year, the company earned $1.15 EPS.

Preferred Bank announced a quarterly dividend on Wednesday, September 21st. Shareholders of record on Friday, October 7th will be given a dividend of $0.43 per share on Friday, October 21st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, October 6th.
Read our dividend analysis for PFBC.

Preferred Bank (NASDAQ:PFBC) pays an annual dividend of $1.72 per share and currently has a dividend yield of 2.28%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFBC will have a dividend payout ratio of 17.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFBC.

8 employees have rated Preferred Bank Chief Executive Officer Li Yu on Glassdoor.com. Li Yu has an approval rating of 56% among the company's employees. This puts Li Yu in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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 shareholders include BlackRock Inc. (9.31%), Vanguard Group Inc. (6.12%), Dimensional Fund Advisors LP (4.04%), State Street Corp (3.68%), Nuveen Asset Management LLC (3.42%) and Stieven Capital Advisors L.P. (2.06%).

Shares of PFBC stock 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 $74.66.

Preferred Bank (NASDAQ:PFBC) has a market capitalization of $1.12 billion and generates $218.78 million in revenue each year. The bank earns $95.24 million in net income (profit) each year or $7.81 on an earnings per share basis.

The company employs 279 workers across the globe.

Preferred Bank's mailing address is 601 S. FIGUEROA STREET 48TH FLOOR, LOS ANGELES CA, 90017. The official website for the company is www.preferredbank.com. The bank can be reached via phone at (213) 891-1188, via email at cfo@preferredbank.com, or via fax at 213-622-5161.