NASDAQ:PFBCPreferred Bank Stock Price, Forecast & News

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. Since then, PFBC stock has decreased by 0.5% and is now trading at $40.50. View which stocks have been most impacted by Coronavirus.

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.

Preferred Bank is scheduled to release its next quarterly earnings announcement on Wednesday, July 15th 2020. View our earnings forecast for Preferred Bank.

Preferred Bank (NASDAQ:PFBC) announced its quarterly earnings results on Wednesday, April, 22nd. The bank reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.02 by $0.06. The bank earned $43.46 million during the quarter, compared to analysts' expectations of $41.46 million. Preferred Bank had a net margin of 32.33% and a return on equity of 16.34%. View Preferred Bank's earnings history.

Preferred Bank declared a quarterly dividend on Wednesday, June 17th. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.30 per share on Tuesday, July 21st. This represents a $1.20 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Monday, July 6th. View Preferred Bank's dividend history.

6 brokers have issued 1 year price objectives for Preferred Bank's stock. Their forecasts range from $36.00 to $64.00. On average, they anticipate Preferred Bank's share price to reach $48.20 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price. View analysts' price targets for Preferred Bank.

News headlines about PFBC stock have been trending very negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Preferred Bank earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave headlines about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Preferred Bank.

Preferred Bank saw a decrease in short interest in June. As of June 15th, there was short interest totaling 852,100 shares, a decrease of 6.2% from the May 31st total of 908,400 shares. Based on an average daily trading volume, of 104,300 shares, the days-to-cover ratio is currently 8.2 days. Approximately 6.3% of the shares of the stock are sold short. View Preferred Bank's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Preferred Bank investors own include Energy Transfer LP Unit (ET), Alibaba Group (BABA), Verizon Communications (VZ), Exxon Mobil (XOM), AbbVie (ABBV), JPMorgan Chase & Co. (JPM), Medtronic (MDT), AT&T (T), Enterprise Products Partners (EPD) and Gilead Sciences (GILD).

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

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 $40.50.

Preferred Bank has a market capitalization of $609.53 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.

The official website for Preferred Bank is 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]