Preferred Bank Company Profile (NASDAQ:PFBC)

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

Preferred Bank announced a quarterly dividend on Friday, September 22nd. Shareholders of record on Friday, October 6th will be paid a dividend of $0.20 per share on Friday, October 20th. This represents a $0.80 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, October 5th. View Preferred Bank's Dividend History.

Preferred Bank (NASDAQ:PFBC) posted its quarterly earnings results on Wednesday, October, 19th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.07. The firm earned $27.85 million during the quarter, compared to analyst estimates of $27.53 million. Preferred Bank had a net margin of 28.91% and a return on equity of 14.05%. View Preferred Bank's Earnings History.

Preferred Bank is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for Preferred Bank.

2 brokerages have issued 1-year price objectives for Preferred Bank's stock. Their forecasts range from $65.00 to $65.00. On average, they expect Preferred Bank's share price to reach $65.00 in the next year. View Analyst Ratings for Preferred Bank.

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 " (9/20/2017)
• 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)

Some companies that are related to Preferred Bank include Westamerica Bancorporation (WABC), Union Bankshares Corporation (UBSH), First Busey Corporation (BUSE), First Commonwealth Financial Corporation (FCF), Bgeo Group PLC (BGEO), Tompkins Financial (TMP), Lakeland Financial Corporation (LKFN), Brookline Bancorp (BRKL), FB Financial Corporation (FBK), State Bank Financial Corporation. (STBZ), City Holding Company (CHCO), Seacoast Banking Corporation of Florida (SBCF), Southside Bancshares (SBSI), Aldermore Group PLC (ALD), First BanCorp. (FBP), Hanmi Financial Corporation (HAFC), Sandy Spring Bancorp (SASR) and Customers Bancorp (CUBI).

Preferred Bank's management team includes the folowing people:

• Li Yu, Chairman of the Board, Chief Executive Officer
• Wellington Chen, President, Chief Operating Officer
• Edward J. Czajka, Chief Financial Officer, Senior Vice President
• Frederick B. Denitz, Executive Vice President
• Thomas Lo, Executive Vice President - Orange County
• Nick Pi, Executive Vice President, Chief Credit Officer
• Robert J. Kosof, Head - Commercial Lending and Regional Manager - West Los Angeles Operations
• J. Richard Belliston, Director
• William Cheng, Director
• Clark Hsu, Director

Shares of Preferred Bank can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Preferred Bank stock can currently be purchased for approximately $58.96.