About Preferred Bank (NASDAQ:PFBC)
Preferred Bank is a commercial bank. The Bank provides deposit services, as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high net worth individuals. The Bank offers various services, such as personal banking, business banking and treasury management. The Bank's loan portfolio includes real estate mortgage loans, real estate construction loans, commercial loans and trade finance. Its real estate mortgage portfolio consists of real estate mini-perm loans, as well as purchased residential mortgages. The Bank offers a range of commercial loan products, including lines of credit for working capital, term loans for capital expenditures and commercial and stand-by letters of credit. Through its branch network, the Bank provides a range of financial services to individuals and companies located primarily in Southern California.
Industry, Sector and Symbol:
- Industry: Banks
- Sub-Industry: Regional Banks
- Sector: Finance
- Symbol: NASDAQ:PFBC
- CUSIP: 74036740
- Web: www.preferredbank.com
- Debt-to-Equity Ratio: 0.35%
- Current Ratio: 1.04%
- Quick Ratio: 1.04%
Sales & Book Value:
- Trailing P/E Ratio: 18.63
- Forward P/E Ratio: 17.96
- P/E Growth: 1.76
- Annual Sales: $128.37 million
- Price / Sales: 6.16
- Cash Flow: $2.87 per share
- Price / Cash: 20.92
- Book Value: $22.60 per share
- Price / Book: 2.65
- Annual Dividend: $0.80
- Dividend Yield: 1.4%
- Trailing EPS: $3.16
- Net Income: $36.36 million
- Net Margins: 29.33%
- Return on Equity: 15.22%
- Return on Assets: 1.34%
- Employees: 218
- Outstanding Shares: 13,190,000
Frequently Asked Questions for Preferred Bank (NASDAQ:PFBC)
What is Preferred Bank's stock symbol?
Preferred Bank trades on the NASDAQ under the ticker symbol "PFBC."
How often does Preferred Bank pay dividends? What is the dividend yield for Preferred Bank?
Preferred Bank announced a quarterly dividend on Friday, September 22nd. Investors of record on Friday, October 6th will be given a dividend of $0.20 per share on Friday, October 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, October 5th. View Preferred Bank's Dividend History.
How were Preferred Bank's earnings last quarter?
Preferred Bank (NASDAQ:PFBC) released its quarterly earnings results on Tuesday, October, 24th. The bank reported $0.94 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.85 by $0.09. The bank had revenue of $36.67 million for the quarter, compared to analyst estimates of $34.68 million. Preferred Bank had a return on equity of 15.22% and a net margin of 29.33%. View Preferred Bank's Earnings History.
When will Preferred Bank make its next earnings announcement?
Where is Preferred Bank's stock going? Where will Preferred Bank's stock price be in 2017?
2 Wall Street analysts have issued 12 month price targets for Preferred Bank's shares. Their forecasts range from $70.00 to $70.00. On average, they anticipate Preferred Bank's stock price to reach $70.00 in the next twelve months. View Analyst Ratings for Preferred Bank.
What are Wall Street analysts saying about Preferred Bank stock?
Here are some recent quotes from research analysts about Preferred Bank stock:
- 1. 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 " (11/2/2017)
- 2. 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)
Who are some of Preferred Bank's key competitors?
Some companies that are related to Preferred Bank include Union Bankshares Corporation (UBSH), First Busey Corporation (BUSE), Westamerica Bancorporation (WABC), First Commonwealth Financial Corporation (FCF), BGEO Group plc (BGEO), Tompkins Financial (TMP), Lakeland Financial Corporation (LKFN), FB Financial Corporation (FBK), Brookline Bancorp (BRKL), State Bank Financial Corporation. (STBZ), Seacoast Banking Corporation of Florida (SBCF), Aldermore Group PLC (ALD), First Bancorp (FBNC), First Bancorp (FBP), City Holding Company (CHCO), Banc of California (BANC), Southside Bancshares (SBSI) and Cardinal Financial Corporation (CFNL).
Who are Preferred Bank's key executives?
Preferred Bank's management team includes the folowing people:
- Li Yu, Chairman of the Board, Chief Executive Officer (Age 72)
- Wellington Chen, President, Chief Operating Officer (Age 51)
- Edward J. Czajka, Chief Financial Officer, Senior Vice President (Age 48)
- Frederick B. Denitz, Executive Vice President
- Thomas Lo, Executive Vice President - Orange County
- Nick Pi, Executive Vice President, Chief Credit Officer (Age 54)
- Robert J. Kosof, Head - Commercial Lending and Regional Manager - West Los Angeles Operations
- J. Richard Belliston, Director
- William Cheng, Director
- Clark Hsu, Director
Who owns Preferred Bank stock?
Preferred Bank's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (3.98%), Stieven Capital Advisors L.P. (2.96%), JPMorgan Chase & Co. (2.30%), Ameriprise Financial Inc. (1.45%), Maltese Capital Management LLC (1.38%) and Allianz Asset Management GmbH (1.21%). View Institutional Ownership Trends for Preferred Bank.
Who sold Preferred Bank stock? Who is selling Preferred Bank stock?
Preferred Bank's stock was sold by a variety of institutional investors in the last quarter, including Systematic Financial Management LP, New York State Common Retirement Fund, Stieven Capital Advisors L.P., Maltese Capital Management LLC, OxFORD Asset Management LLP, Nationwide Fund Advisors, Thomson Horstmann & Bryant Inc. and Context BH Capital Management LP. View Insider Buying and Selling for Preferred Bank.
Who bought Preferred Bank stock? Who is buying Preferred Bank stock?
Preferred Bank's stock was purchased by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, Ameriprise Financial Inc., Dimensional Fund Advisors LP, EAM Investors LLC, 361 Capital LLC, ClariVest Asset Management LLC, Columbia Partners L L C Investment Management and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Preferred Bank.
How do I buy Preferred Bank stock?
Shares of Preferred Bank 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, Scottrade, Fidelity and Charles Schwab.
What is Preferred Bank's stock price today?
One share of Preferred Bank stock can currently be purchased for approximately $59.97.
How big of a company is Preferred Bank?
Preferred Bank has a market capitalization of $776.51 million and generates $128.37 million in revenue each year. The bank earns $36.36 million in net income (profit) each year or $3.16 on an earnings per share basis. Preferred Bank employs 218 workers across the globe.
How can I contact Preferred Bank?
Preferred Bank's mailing address is 601 S. FIGUEROA STREET 29TH FLOOR, LOS ANGELES CA, 90017. The bank can be reached via phone at 213-891-1188 or via email at [email protected]
MarketBeat Community Rating for Preferred Bank (NASDAQ PFBC)MarketBeat's community ratings are surveys of what our community members think about Preferred Bank and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Preferred Bank (NASDAQ:PFBC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 0 Hold Ratings, 2 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$70.00 (16.73% upside)|
Consensus Price Target History for Preferred Bank (NASDAQ:PFBC)
Analysts' Ratings History for Preferred Bank (NASDAQ:PFBC)
(Data available from 11/17/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/25/2017||FBR & Co||Reiterated Rating||Buy||$65.00 -> $70.00||N/A|
|7/10/2017||Stephens||Upgrade||Equal Weight -> Overweight||Medium|
|8/25/2016||Raymond James Financial, Inc.||Upgrade||Outperform -> Strong-Buy||$15.00||N/A|
Earnings History and Estimates Chart for Preferred Bank (NASDAQ:PFBC)
Earnings History by Quarter for Preferred Bank (NASDAQ PFBC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/24/2017||Q3 2017||$0.85||$0.94||$34.68 million||$36.67 million||View||N/A|
|7/18/2017||Q2 2017||$0.75||$0.80||$31.78 million||$32.55 million||View||N/A|
|4/19/2017||Q1 2017||$0.70||$0.71||$30.00 million||$30.53 million||View||N/A|
|1/19/2017||Q4 2016||$0.65||$0.71||$28.08 million||$29.35 million||View||N/A|
|10/19/2016||Q3||$0.62||$0.69||$27.53 million||$27.85 million||View||N/A|
|7/20/2016||Q2||$0.58||$0.61||$26.18 million||$27.40 million||View||N/A|
|4/20/2016||Q1||$0.56||$0.56||$24.20 million||$25.04 million||View||N/A|
|1/21/2016||Q4||$0.54||$0.57||$23.17 million||$23.27 million||View||Listen|
|10/19/2015||Q315||$0.53||$0.57||$21.93 million||$22.54 million||View||Listen|
|7/20/2015||Q215||$0.50||$0.55||$20.90 million||$21.70 million||View||Listen|
|4/20/2015||Q115||$0.48||$0.48||$20.33 million||$20.23 million||View||N/A|
|1/20/2015||Q414||$0.47||$0.50||$19.43 million||$20.13 million||View||N/A|
|10/16/2014||Q3 14||$0.43||$0.46||$18.53 million||$18.96 million||View||Listen|
|7/23/2014||Q412||$0.39||$0.43||$18.13 million||$17.98 million||View||N/A|
|4/22/2014||Q1||$0.37||$0.38||$17.70 million||$17.53 million||View||Listen|
Earnings Estimates for Preferred Bank (NASDAQ:PFBC)
2017 EPS Consensus Estimate: $3.23
2018 EPS Consensus Estimate: $3.80
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Preferred Bank (NASDAQ:PFBC)
|Most Recent Dividend:||10/20/2017|
|Payout Ratio:||25.32% (Trailing 12 Months of Earnings) |
23.95% (Based on This Year's Estimates)
20.94% (Based on Next Year's Estimates)
Dividend History by Quarter for Preferred Bank (NASDAQ PFBC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Preferred Bank (NASDAQ PFBC)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Preferred Bank (NASDAQ:PFBC)
Latest Headlines for Preferred Bank (NASDAQ PFBC)
|Zacks: Analysts Anticipate Preferred Bank (PFBC) to Announce $0.90 Earnings Per Share|
www.americanbankingnews.com - November 16 at 1:40 PM
|Preferred Bank (California) – Value Analysis (NASDAQ:PFBC) : November 14, 2017|
finance.yahoo.com - November 15 at 7:24 AM
|Preferred Bank (California) breached its 50 day moving average in a Bullish Manner : PFBC-US : November 13, 2017|
finance.yahoo.com - November 14 at 6:46 AM
|Hennessy Advisors Inc Buys Black Hills Corp, Tellurian Inc, Banc of California Inc, Sells ...|
www.nasdaq.com - November 4 at 4:34 PM
|Preferred Bank (PFBC) Forecasted to Post FY2017 Earnings of $3.34 Per Share|
www.americanbankingnews.com - October 30 at 2:56 AM
|FBR & Co Comments on Preferred Bank's FY2017 Earnings (PFBC)|
www.americanbankingnews.com - October 30 at 2:56 AM
|Preferred Bank (PFBC) Rating Increased to Buy at Zacks Investment Research|
www.americanbankingnews.com - October 28 at 6:22 AM
|Preferred Bank's (PFBC) CEO Li Yu on Q3 2017 Results - Earnings Call Transcript|
seekingalpha.com - October 27 at 9:41 AM
|Preferred Bank Los Angls Joins Rank Of Stocks With 95-Plus Composite Rating|
finance.yahoo.com - October 27 at 9:41 AM
|Edited Transcript of PFBC earnings conference call or presentation 25-Oct-17 6:00pm GMT|
finance.yahoo.com - October 27 at 9:41 AM
|FY2017 EPS Estimates for Preferred Bank Raised by FIG Partners (PFBC)|
www.americanbankingnews.com - October 27 at 7:48 AM
|DA Davidson Comments on Preferred Bank's FY2017 Earnings (PFBC)|
www.americanbankingnews.com - October 27 at 7:42 AM
|Preferred Bank beats by $0.09, beats on revenue|
seekingalpha.com - October 25 at 9:05 AM
|Preferred Bank to Host Earnings Call|
finance.yahoo.com - October 25 at 9:05 AM
|Preferred Bank (PFBC) Posts Earnings Results, Beats Estimates By $0.09 EPS|
www.americanbankingnews.com - October 24 at 8:28 PM
|Financial Survey: CenterState Banks (CSFL) and Preferred Bank (PFBC)|
www.americanbankingnews.com - October 21 at 10:32 PM
|Preferred Bank (California) : PFBC-US: Dividend Analysis : October 06th, 2017 (record date) : By the numbers : October 18, 2017|
finance.yahoo.com - October 19 at 7:24 AM
|Preferred Bank (PFBC) to Release Earnings on Tuesday|
www.americanbankingnews.com - October 17 at 1:06 AM
|Preferred Bank (PFBC) to Post Q3 2017 Earnings of $0.86 Per Share, FBR & Co Forecasts|
www.americanbankingnews.com - October 12 at 7:48 AM
| Brokerages Expect Preferred Bank (PFBC) Will Announce Quarterly Sales of $34.68 Million|
www.americanbankingnews.com - October 10 at 12:40 PM
|Preferred Bank (PFBC) Announces Initiation of Up to $50M Common Share 'At The Market Offering'|
www.streetinsider.com - October 5 at 3:45 PM
|ETFs with exposure to Preferred Bank (California) : October 4, 2017|
finance.yahoo.com - October 5 at 3:45 PM
|Preferred Bank Announces 2017 Third Quarter Earnings Release and Conference Call|
finance.yahoo.com - October 5 at 3:45 PM
|Preferred Bank (California) :PFBC-US: Earnings Analysis: Q2, 2017 By the Numbers : October 3, 2017|
finance.yahoo.com - October 3 at 10:36 AM
|Preferred Bank: A Small-Cap Bank Worth A Look|
seekingalpha.com - September 29 at 12:28 PM
|Preferred Bank Declares Quarterly Dividend of $0.20 (PFBC)|
www.americanbankingnews.com - September 22 at 6:28 PM
|Preferred Bank (California) breached its 50 day moving average in a Bullish Manner : PFBC-US : September 22, 2017|
finance.yahoo.com - September 22 at 12:33 PM
|Preferred Bank (PFBC) & Its Rivals Head to Head Analysis|
www.americanbankingnews.com - September 15 at 2:14 AM
|$0.85 EPS Expected for Preferred Bank (PFBC) This Quarter|
www.americanbankingnews.com - August 31 at 10:28 PM
|Preferred Bank (California) – Value Analysis (NASDAQ:PFBC) : August 23, 2017|
finance.yahoo.com - August 24 at 10:56 AM
|Preferred Bank (California) : PFBC-US: Dividend Analysis : July 07th, 2017 (record date) : By the numbers : August 21, 2017|
finance.yahoo.com - August 23 at 10:20 AM
|Preferred Bank (California) breached its 50 day moving average in a Bearish Manner : PFBC-US : August 11, 2017|
finance.yahoo.com - August 12 at 6:47 AM
|Preferred Bank (PFBC) Receives Consensus Rating of "Buy" from Brokerages|
www.americanbankingnews.com - August 5 at 1:06 PM
| Brokerages Anticipate Preferred Bank (PFBC) Will Post Quarterly Sales of $34.68 Million|
www.americanbankingnews.com - July 28 at 6:01 PM
|Why Preferred Bank (PFBC) Stock Might be a Great Pick|
finance.yahoo.com - July 26 at 6:17 AM
|Preferred Bank (PFBC) Given Buy Rating at FBR & Co|
www.americanbankingnews.com - July 23 at 3:49 PM
|FY2018 Earnings Forecast for Preferred Bank Issued By FIG Partners (PFBC)|
www.americanbankingnews.com - July 21 at 3:30 PM
|Research Analysts Set Expectations for Preferred Bank's Q3 2017 Earnings (NASDAQ:PFBC)|
www.americanbankingnews.com - July 21 at 9:08 AM
|Preferred Bank (PFBC) to Post Q3 2017 Earnings of $0.87 Per Share, FBR & Co Forecasts|
www.americanbankingnews.com - July 21 at 9:08 AM
|Edited Transcript of PFBC earnings conference call or presentation 19-Jul-17 6:00pm GMT|
finance.yahoo.com - July 21 at 6:08 AM
|FIG Partners Weighs in on Preferred Bank's Q3 2017 Earnings (PFBC)|
www.americanbankingnews.com - July 20 at 8:42 AM
|Investor Network: Preferred Bank to Host Earnings Call|
finance.yahoo.com - July 19 at 3:47 PM
|Preferred Bank (PFBC) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS|
www.americanbankingnews.com - July 19 at 8:59 AM
|Preferred Bank beats by $0.05, beats on net interest income|
seekingalpha.com - July 19 at 2:24 AM
|Preferred Bank Reports Second Quarter Results|
globenewswire.com - July 19 at 2:24 AM
|Preferred Bank (NASDAQ:PFBC) Set to Announce Earnings on Tuesday|
www.americanbankingnews.com - July 14 at 7:46 AM
|Preferred Bank (PFBC) Upgraded to Overweight at Stephens|
www.americanbankingnews.com - July 10 at 11:38 AM
|Preferred Bank (PFBC) versus OFG Bancorp (OFG) Financial Analysis|
www.americanbankingnews.com - July 9 at 10:24 PM
|Preferred Bank Announces 2017 Second Quarter Earnings Release and Conference Call|
feeds.benzinga.com - July 6 at 8:31 PM
|Preferred Bank (NASDAQ:PFBC) Expected to Post Quarterly Sales of $31.78 Million|
www.americanbankingnews.com - July 2 at 10:42 AM
Financials are not available for this stock.
Preferred Bank (NASDAQ PFBC) Chart for Friday, November, 17, 2017