NASDAQ:PFBC - Preferred Bank Stock Price, Forecast & News

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

Preferred Bank announced a quarterly dividend on Wednesday, December 11th. Stockholders of record on Tuesday, January 7th will be given a dividend of $0.30 per share on Tuesday, January 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Monday, January 6th. View Preferred Bank's Dividend History.

Preferred Bank (NASDAQ:PFBC) announced its quarterly earnings results on Wednesday, January, 22nd. The bank reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. The bank earned $42.29 million during the quarter, compared to analysts' expectations of $42.57 million. Preferred Bank had a return on equity of 17.76% and a net margin of 33.47%. View Preferred Bank's Earnings History.

Preferred Bank is scheduled to release their next quarterly earnings announcement on Wednesday, April 15th 2020. View Earnings Estimates for Preferred Bank.

6 brokerages have issued 12-month price objectives for Preferred Bank's shares. Their forecasts range from $56.00 to $65.00. On average, they anticipate Preferred Bank's stock price to reach $60.25 in the next twelve months. This suggests a possible upside of 0.1% from the stock's current price. View Analyst Price Targets for 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.

News headlines about PFBC stock have been trending very negative recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Preferred Bank earned a coverage optimism score of -3.0 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for Preferred Bank.

Preferred Bank saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,020,000 shares, an increase of 10.3% from the December 31st total of 924,700 shares. Based on an average trading volume of 66,300 shares, the short-interest ratio is currently 15.4 days. Currently, 7.4% of the company's stock are short sold. View Preferred Bank's Current Options Chain.

Some companies that are related to Preferred Bank include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Commerce Bancshares (CBSH), Signature Bank (SBNY), East West Bancorp (EWBC) and TCF Financial (TCF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Preferred Bank investors own include Energy Transfer LP Unit (ET), AT&T (T), Exxon Mobil (XOM), Alibaba Group (BABA), Verizon Communications (VZ), Gilead Sciences (GILD), Martin Midstream Partners (MMLP), AbbVie (ABBV), CBL & Associates Properties (CBL) and Enbridge (ENB).

Preferred Bank's stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (2.86%), Renaissance Technologies LLC (2.85%), Principal Financial Group Inc. (2.31%), Boston Partners (2.07%), Stieven Capital Advisors L.P. (1.92%) and LSV Asset Management (1.67%).

PFBC stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Chicago Equity Partners LLC, Mackay Shields LLC, LSV Asset Management, First Trust Advisors LP, State Street Corp, Bank of America Corp DE and State of Tennessee Treasury Department.

PFBC stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Bank of Montreal Can, FMR LLC, California Public Employees Retirement System, Goldman Sachs Group Inc., Jefferies Group LLC, Raymond James & Associates and Great West Life Assurance Co. Can.

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.

One share of PFBC stock can currently be purchased for approximately $60.20.

Preferred Bank has a market capitalization of $906.01 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.View Additional Information About Preferred Bank.

The official website for Preferred Bank is http://www.preferredbank.com/.

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]