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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel

Preferred Bank - PFBC Stock Forecast, Price & News

$74.30
+0.90 (+1.23%)
(As of 08/12/2022 09:15 PM ET)
Add
Compare
Today's Range
$73.63
$74.50
50-Day Range
$64.52
$74.30
52-Week Range
$58.66
$81.97
Volume
35,900 shs
Average Volume
76,121 shs
Market Capitalization
$1.12 billion
P/E Ratio
10.36
Dividend Yield
2.31%
Price Target
$86.60

Preferred Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
16.6% Upside
$86.60 Price Target
Short Interest
Bearish
2.95% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.82mentions of Preferred Bank in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.21%
From $7.93 to $8.66 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Finance Sector

463rd out of 926 stocks

State Commercial Banks Industry

105th out of 193 stocks

PFBC stock logo

About Preferred Bank (NASDAQ:PFBC) Stock

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, term loans for capital expenditures, and commercial and stand-by letters of credit; 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, acceptances/trust receipt financing products, export financing, documentary collections, and bills purchase programs. 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, 2021, it had eleven full-service branch offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco; and one branch in Flushing, New York. The company was incorporated in 1991 and is headquartered in Los Angeles, California.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. B. Riley dropped their price objective on shares of Preferred Bank from $95.00 to $80.00 in a report on Monday, July 11th. Raymond James lowered shares of Preferred Bank from an "outperform" rating to a "market perform" rating in a research note on Thursday, July 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.60.

Preferred Bank Price Performance

Preferred Bank stock traded up $0.90 during trading hours on Friday, hitting $74.30. 35,941 shares of the company traded hands, compared to its average volume of 74,270. The firm's 50-day simple moving average is $69.19 and its two-hundred day simple moving average is $71.72. The firm has a market cap of $1.12 billion, a P/E ratio of 10.36 and a beta of 1.17. Preferred Bank has a 1-year low of $58.66 and a 1-year high of $81.97. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.25.

Preferred Bank (NASDAQ:PFBC - Get Rating) last announced its earnings results on Wednesday, July 20th. The bank reported $1.87 EPS for the quarter, topping the consensus estimate of $1.78 by $0.09. The firm had revenue of $59.03 million for the quarter, compared to analysts' expectations of $56.84 million. Preferred Bank had a return on equity of 18.27% and a net margin of 45.27%. During the same quarter in the previous year, the company earned $1.44 earnings per share. As a group, analysts forecast that Preferred Bank will post 7.93 earnings per share for the current fiscal year.

Preferred Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 21st. Investors of record on Thursday, July 7th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Wednesday, July 6th. Preferred Bank's payout ratio is currently 23.99%.

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PFBC Stock News Headlines

Analysts Set Preferred Bank (NASDAQ:PFBC) PT at $87.00
Preferred Bank Completes Stock Repurchase
Preferred Bank (NASDAQ:PFBC) Short Interest Up 26.3% in July
Short Volatility Alert: Preferred Bank
Preferred Bank (PFBC) Could Be a Great Choice
Preferred Bank Announces Share Repurchase Plan
Preferred Bank Announces Director Departure
See More Headlines
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PFBC Company Calendar

Ex-Dividend for 7/21 Dividend
7/06/2022
Last Earnings
7/20/2022
Dividend Payable
7/21/2022
Today
8/15/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:PFBC
CUSIP
74036740
Employees
279
Year Founded
1991

Price Target and Rating

Average Stock Price Forecast
$86.60
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$79.00
Forecasted Upside/Downside
+16.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$95.24 million
Pretax Margin
63.46%

Debt

Sales & Book Value

Annual Sales
$218.78 million
Cash Flow
$6.59 per share
Book Value
$39.31 per share

Miscellaneous

Free Float
N/A
Market Cap
$1.12 billion
Optionable
Optionable
Beta
1.17

Social Links


Key Executives

  • Mr. Li Yu (Age 81)
    Chairman, CEO & Corp. Sec.
    Comp: $2.23M
  • Mr. Wellington Chen (Age 62)
    Pres & COO
    Comp: $1.07M
  • Mr. Edward J. Czajka (Age 58)
    Exec. VP & CFO
    Comp: $677.27k
  • Mr. Nick Pi (Age 61)
    Exec. VP & Chief Credit Officer
    Comp: $596.26k
  • Mr. Johnny Hsu (Age 47)
    Exec. VP & Deputy COO
    Comp: $468.59k
  • Mr. Robert J. Kosof (Age 78)
    Exec. VP of Commercial Lending
  • Ms. Sandy Ho
    Exec. VP & Regional Mang.
  • Ms. Stella Chen
    Sr. VP
  • Erika Chi
    Exec. VP
  • Mr. Ted Hsu (Age 60)
    Exec. VP













PFBC Stock - Frequently Asked Questions

Should I buy or sell Preferred Bank stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Preferred Bank in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PFBC shares.
View PFBC analyst ratings
or view top-rated stocks.

What is Preferred Bank's stock price forecast for 2022?

5 brokers have issued 1-year price objectives for Preferred Bank's shares. Their PFBC share price forecasts range from $79.00 to $95.00. On average, they expect the company's stock price to reach $86.60 in the next year. This suggests a possible upside of 16.6% from the stock's current price.
View analysts price targets for PFBC
or view top-rated stocks among Wall Street analysts.

How have PFBC shares performed in 2022?

Preferred Bank's stock was trading at $71.79 on January 1st, 2022. Since then, PFBC shares have increased by 3.5% and is now trading at $74.30.
View the best growth stocks for 2022 here
.

When is Preferred Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our PFBC earnings forecast
.

How were Preferred Bank's earnings last quarter?

Preferred Bank (NASDAQ:PFBC) posted its earnings results on Wednesday, July, 20th. The bank reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.09. The bank earned $59.03 million during the quarter, compared to analysts' expectations of $56.84 million. Preferred Bank had a net margin of 45.27% and a trailing twelve-month return on equity of 18.27%. During the same period in the prior year, the business posted $1.44 earnings per share.

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

Preferred Bank declared a quarterly dividend on Wednesday, June 22nd. Investors of record on Thursday, July 7th will be given a dividend of $0.43 per share on Thursday, July 21st. This represents a $1.72 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Wednesday, July 6th.
Read our dividend analysis for PFBC
.

Is Preferred Bank a good dividend stock?

Preferred Bank (NASDAQ:PFBC) pays an annual dividend of $1.72 per share and currently has a dividend yield of 2.31%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFBC will have a dividend payout ratio of 19.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFBC.

What is Li Yu's approval rating as Preferred Bank's CEO?

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.

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 many different retail and institutional investors. Top institutional investors include FMR LLC (6.39%), Northern Trust Corp (1.30%), Renaissance Technologies LLC (0.96%), Principal Financial Group Inc. (0.64%), JPMorgan Chase & Co. (0.62%) and Bank of Montreal Can (0.47%).

How do I buy shares of Preferred Bank?

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.
Compare Top Brokerages Here.

What is Preferred Bank's stock price today?

One share of PFBC stock can currently be purchased for approximately $74.30.

How much money does Preferred Bank make?

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 $7.17 on an earnings per share basis.

How many employees does Preferred Bank have?

The company employs 279 workers across the globe.

When was Preferred Bank founded?

Preferred Bank was founded in 1991.

How can I contact Preferred Bank?

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.

This page (NASDAQ:PFBC) was last updated on 8/15/2022 by MarketBeat.com Staff

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