NASDAQ:PFBC

Preferred Bank Stock Forecast, Price & News

$33.63

+0.29 (+0.87 %)

(As of 09/18/2020 12:00 AM ET)

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Today's Range

$32.93

Now: $33.63▼

$33.71

50-Day Range

$33.34

MA: $37.43▼

$41.17

52-Week Range

$20.04

Now: $33.63▼

$64.50

Volume162,852 shs

Average Volume92,391 shs

Market Capitalization$506.13 million

P/E Ratio7.09

Dividend Yield3.60%

Beta1.39

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.

Beat the Market (BTM) Rank^™

3.1 Analyst's Opinion

Consensus Rating
Preferred Bank has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $48.20, Preferred Bank has a forecasted upside of 43.3% from its current price of $33.63.
Amount of Analyst Coverage
Preferred Bank has only been the subject of 1 research reports in the past 90 days.

2.6 Community Rank

Outperform Votes
Preferred Bank has received 304 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Preferred Bank has received 273 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Preferred Bank has received 52.69% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Preferred Bank and other stocks. Vote “Outperform” if you believe PFBC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PFBC will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
Preferred Bank pays a meaningful dividend of 3.60%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Preferred Bank has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Preferred Bank is 22.94%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Preferred Bank will have a dividend payout ratio of 30.00% next year. This indicates that Preferred Bank will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Preferred Bank insiders have not sold or bought any company stock.
Percentage Held by Institutions
78.06% of the stock of Preferred Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Preferred Bank are expected to decrease by -6.10% in the coming year, from $4.26 to $4.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Preferred Bank is 7.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.85.
Price to Earnings Ratio vs. Sector
The P/E ratio of Preferred Bank is 7.09, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.43.
Price to Book Value per Share Ratio
Preferred Bank has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.09 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:PFBC

Previous Symbol

CUSIP74036740

CIK1492165

Webwww.preferredbank.com

Phone213-891-1188

Debt

Debt-to-Equity Ratio0.20

Current Ratio1.05

Quick Ratio1.05

Price-To-Earnings

Trailing P/E Ratio7.09

Forward P/E Ratio7.89

P/E GrowthN/A

Sales & Book Value

Annual Sales$234.19 million

Price / Sales2.16

Cash Flow$5.60 per share

Price / Cash Flow6.01

Book Value$31.23 per share

Price / Book1.08

Profitability

EPS (Most Recent Fiscal Year)$5.23

Net Income$78.37 million

Net Margins31.17%

Return on Equity15.03%

Return on Assets1.51%

Miscellaneous

Employees263

Outstanding Shares15,050,000

Market Cap$506.13 million

Next Earnings Date10/21/2020 (Estimated)

OptionableOptionable

$33.63

+0.29 (+0.87 %)

(As of 09/18/2020 12:00 AM 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 price been impacted by COVID-19 (Coronavirus)?

Preferred Bank's stock was trading at $40.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PFBC stock has decreased by 17.4% and is now trading at $33.63.
View which stocks have been most impacted by COVID-19.

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) posted its quarterly earnings results on Tuesday, July, 21st. The bank reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.28. The bank had revenue of $43.61 million for the quarter, compared to the consensus estimate 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 declared a quarterly dividend on Wednesday, September 16th. Stockholders of record on Wednesday, October 7th will be paid a dividend of $0.30 per share on Wednesday, October 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Tuesday, October 6th.
View Preferred Bank's dividend history.

What price target have analysts set for PFBC?

6 analysts have issued 1-year price objectives for Preferred Bank's stock. Their forecasts range from $36.00 to $64.00. On average, they expect Preferred Bank's stock price to reach $48.20 in the next year. This suggests a possible upside of 43.3% from the stock's current price.
View analysts' price targets for Preferred Bank.

Who are some of Preferred Bank's key competitors?

Some companies that are related to Preferred Bank include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), Signature Bank (SBNY), Prosperity Bancshares (PB) and Cullen/Frost Bankers (CFR).
View all 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), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Medtronic (MDT), AT&T (T) and CBL & Associates Properties (CBL).

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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.93%), FMR LLC (4.00%), Principal Financial Group Inc. (3.69%), Principal Financial Group Inc. (3.69%), LSV Asset Management (1.50%) and Bank of New York Mellon Corp (1.25%).

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., Principal Financial Group Inc., LSV Asset Management, Vanguard Group Inc., Bank of America Corp DE, Goldman Sachs Group Inc., AQR Capital Management LLC, and Prudential Financial Inc..

Which institutional investors are buying Preferred Bank stock?

PFBC stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, WINTON GROUP Ltd, Jacobs Levy Equity Management Inc., Mackay Shields LLC, Roubaix Capital LLC, First Trust Advisors LP, Russell Investments Group Ltd., and Bank of Montreal Can.

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 $33.63.

How big of a company is Preferred Bank?

Preferred Bank has a market capitalization of $506.13 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 9/20/2020 by MarketBeat.com Staff

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