Preferred Bank Company Profile (NASDAQ:PFBC)

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

Preferred Bank announced a quarterly dividend on Friday, March 24th. Investors of record on Friday, April 7th will be given a dividend of $0.18 per share on Friday, April 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, April 5th. View Preferred Bank's Dividend History.

Preferred Bank (NASDAQ:PFBC) issued its quarterly earnings data on Wednesday, April, 19th. The company reported $0.71 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.70 by $0.01. The business earned $30.53 million during the quarter, compared to analysts' expectations of $30 million. Preferred Bank had a net margin of 28.23% and a return on equity of 12.83%. View Preferred Bank's Earnings History.

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

3 brokerages have issued 1 year price objectives for Preferred Bank's stock. Their forecasts range from $15.00 to $65.00. On average, they expect Preferred Bank's share price to reach $40.00 in the next twelve months. View Analyst Ratings for Preferred Bank.

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

• 1. 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)
• 2. 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 " (10/25/2016)

Some companies that are related to Preferred Bank include Westamerica Bancorporation (WABC), Pacific Premier Bancorp (PPBI), Banc of California (BANC), Central Pacific Financial Corp. (CPF), Hanmi Financial Corp (HAFC), TriCo Bancshares (TCBK), Heritage Financial Corp (HFWA), CU Bancorp (CUNB), Pacific Continental (PCBK), Cascade Bancorp (CACB), Heritage Commerce Corp. (HTBK), Bank of Marin Bancorp (BMRC), Sierra Bancorp (BSRR), Territorial Bancorp (TBNK), Central Valley Community Bancorp (CVCY), Northrim BanCorp (NRIM), Civista Bancshares (CIVB) and California First National Bancorp (CFNB).

Preferred Bank's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.65%), Dimensional Fund Advisors LP (3.32%), Stieven Capital Advisors L.P. (3.03%), Renaissance Technologies LLC (2.42%), JPMorgan Chase & Co. (1.92%) and FMR LLC (1.53%). View Institutional Ownership Trends for Preferred Bank.

Preferred Bank's stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Driehaus Capital Management LLC, JPMorgan Chase & Co., Alliancebernstein L.P., Russell Investments Group Ltd., EAM Investors LLC, Capital Impact Advisors LLC and Wells Fargo & Company MN. View Insider Buying and Selling for Preferred Bank.

Preferred Bank's stock was purchased by a variety of institutional investors in the last quarter, including Rothschild Asset Management Inc., Wellington Management Group LLP, O Shaughnessy Asset Management LLC, Vanguard Group Inc., Bank of Montreal Can, Hennessy Advisors Inc., AQR Capital Management LLC and Bank of New York Mellon Corp. View Insider Buying and Selling for Preferred Bank.

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.

One share of Preferred Bank stock can currently be purchased for approximately $50.72.