NASDAQ:PFBC

Preferred Bank - PFBC Stock Forecast, Price & News

$66.01

+0.13 (+0.20%)

(As of 09/28/2022 12:00 AM ET)

Add

Compare

Today's Range: $65.86
▼
$66.60
50-Day Range: $65.88
▼
$75.38
52-Week Range: $62.02
▼
$81.97

Volume: 61,346 shs
Average Volume: 71,674 shs
Market Capitalization: $993.45 million

P/E Ratio: 9.21
Dividend Yield: 2.61%
Price Target: $86.60

Preferred Bank MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 31.2% Upside
$86.60 Price Target
Short Interest: Healthy
2.72% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.38
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 9.99%
From $8.01 to $8.81 Per Share

Overall MarketRank^™

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

2.82 out of 5 stars

Finance Sector

215th out of 923 stocks

State Commercial Banks Industry

46th out of 196 stocks

3.4

Analyst's Opinion

Consensus Rating
Preferred Bank has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $86.60, Preferred Bank has a forecasted upside of 31.2% from its current price of $66.01.
Amount of Analyst Coverage
Preferred Bank has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.72% of the float of Preferred Bank has been sold short.
Short Interest Ratio / Days to Cover
Preferred Bank has a short interest ratio ("days to cover") of 5.9.
Change versus previous month
Short interest in Preferred Bank has recently decreased by 2.51%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Preferred Bank pays a meaningful dividend of 2.61%, 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 23.99%. 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 19.52% next year. This indicates that Preferred Bank will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PFBC.

3.0

News and Social Media Coverage

News Sentiment
Preferred Bank has a news sentiment score of 1.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Preferred Bank this week, compared to 1 article on an average week.

1.7

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
73.44% of the stock of Preferred Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Preferred Bank are expected to grow by 9.99% in the coming year, from $8.01 to $8.81 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Preferred Bank is 9.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.25.
Price to Earnings Ratio vs. Sector
The P/E ratio of Preferred Bank is 9.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 161.44.
Price to Book Value per Share Ratio
Preferred Bank has a P/B Ratio of 1.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

Receive PFBC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Preferred Bank and its competitors with MarketBeat's FREE daily newsletter.

PFBC Stock News Headlines

September 26, 2022 | finance.yahoo.com

Preferred Bank (PFBC) Upgraded to Buy: Here's What You Should Know

September 19, 2022 | reuters.com

PFBC.O - Preferred Bank | Stock Price & Latest News | Reuters

September 8, 2022 | nasdaq.com

Insiders at Preferred Bank (NASDAQ:PFBC) sold US$7.7m worth of stock, possibly indicating weakness in the future

September 2, 2022 | seekingalpha.com

Preferred Bank: Expect A Substantial Net Interest Margin Increase In Q3

August 25, 2022 | nasdaq.com

Bullish Two Hundred Day Moving Average Cross - PFBC

August 4, 2022 | finance.yahoo.com

Preferred Bank Completes Stock Repurchase

July 21, 2022 | seekingalpha.com

Preferred Bank's (PFBC) CEO Li Yu on Q2 2022 Results - Earnings Call Transcript

July 20, 2022 | finance.yahoo.com

Preferred Bank (PFBC) Surpasses Q2 Earnings and Revenue Estimates

July 20, 2022 | finance.yahoo.com

This is Why Preferred Bank (PFBC) is a Great Dividend Stock

July 13, 2022 | finance.yahoo.com

Preferred Bank Announces 2022 Second Quarter Earnings Release and Conference Call

July 11, 2022 | markets.businessinsider.com

Short Volatility Alert: Preferred Bank

July 4, 2022 | nasdaq.com

Wall Street Analysts Predict a 29% Upside in Preferred Bank (PFBC): Here's What You Should Know

July 4, 2022 | finance.yahoo.com

Preferred Bank (PFBC) Could Be a Great Choice

June 22, 2022 | nasdaq.com

All You Need to Know About Preferred Bank (PFBC) Rating Upgrade to Buy

June 7, 2022 | finance.yahoo.com

Preferred Bank Announces Share Repurchase Plan

June 3, 2022 | finance.yahoo.com

Investors in Preferred Bank (NASDAQ:PFBC) have made a notable return of 62% over the past three years

June 1, 2022 | seekingalpha.com

Preferred Bank: Strong Loan Book, Conservative Underwriting Policy

May 30, 2022 | nasdaq.com

Wall Street Analysts Predict a 30% Upside in Preferred Bank (PFBC): Here's What You Should Know

May 11, 2022 | finance.yahoo.com

Preferred Bank Announces Director Departure

May 4, 2022 | finance.yahoo.com

I Ran A Stock Scan For Earnings Growth And Preferred Bank (NASDAQ:PFBC) Passed With Ease

April 26, 2022 | finance.yahoo.com

Preferred Bank (PFBC) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

April 20, 2022 | seekingalpha.com

Preferred Bank (PFBC) CEO Li Yu on Q1 2022 Results - Earnings Call Transcript

April 19, 2022 | msn.com

Preferred Bank (PFBC) Surpasses Q1 Earnings and Revenue Estimates

April 12, 2022 | finance.yahoo.com

3 Small-Cap Bank Stocks That Could Thrive in an Inflationary Environment

April 1, 2022 | benzinga.com

Preferred Bank: Dividend Insights

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive PFBC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Preferred Bank and its competitors with MarketBeat's FREE daily newsletter.

PFBC Company Calendar

Ex-Dividend for 7/21 Dividend: 7/06/2022
Last Earnings: 7/20/2022
Dividend Payable: 7/21/2022
Today: 9/28/2022
Ex-Dividend for 10/21 Dividend: 10/06/2022
Next Earnings (Estimated): 10/19/2022
Dividend Payable: 10/21/2022
Fiscal Year End: 12/31/2022

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:PFBC
CUSIP: 74036740
CIK: 1492165
Web: www.preferredbank.com
Phone: (213) 891-1188
Fax: 213-622-5161
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: +31.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.17
Trailing P/E Ratio: 9.21
Forward P/E Ratio: 8.24
P/E Growth: N/A
Net Income: $95.24 million
Net Margins: 45.27%
Pretax Margin: 63.46%
Return on Equity: 18.27%
Return on Assets: 1.75%

Debt

Debt-to-Equity Ratio: 0.25
Current Ratio: 1.04
Quick Ratio: 1.04

Sales & Book Value

Annual Sales: $218.78 million
Price / Sales: 4.54
Cash Flow: $6.52 per share
Price / Cash Flow: 10.13
Book Value: $38.99 per share
Price / Book: 1.69

Miscellaneous

Outstanding Shares: 15,050,000
Free Float: N/A
Market Cap: $993.45 million
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PFBC Stock - Frequently Asked Questions

Should I buy or sell Preferred Bank stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Preferred Bank in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12-month target prices for Preferred Bank's shares. Their PFBC share price forecasts range from $79.00 to $95.00. On average, they anticipate the company's stock price to reach $86.60 in the next year. This suggests a possible upside of 31.2% 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 decreased by 8.1% and is now trading at $66.01.
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) released its quarterly earnings results on Wednesday, July, 20th. The bank reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.09. The bank had revenue of $59.03 million for 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 quarter last year, the company earned $1.44 EPS.
How often does Preferred Bank pay dividends? What is the dividend yield for Preferred Bank?: Preferred Bank declared a quarterly dividend on Wednesday, September 21st. Shareholders of record on Friday, October 7th will be paid a dividend of $0.43 per share on Friday, October 21st. This represents a $1.72 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, October 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 2.61%. 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 19.52% 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 a number of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (6.99%), FMR LLC (6.39%), State Street Corp (3.69%), Northern Trust Corp (1.30%), Philadelphia Financial Management of San Francisco LLC (1.12%) and Maltese Capital Management LLC (1.12%).
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 $66.01.
How much money does Preferred Bank make?: Preferred Bank (NASDAQ:PFBC) has a market capitalization of $993.45 million 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.
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 9/28/2022 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Preferred Bank - PFBC Stock Forecast, Price & News

Preferred Bank MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month