Preferred Bank Company Profile (NASDAQ:PFBC)

About Preferred Bank (NASDAQ:PFBC)

Preferred Bank logoPreferred 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:
  • Sector: Finance
  • Industry: Banks - NEC
  • Sub-Industry: Regional Banks
  • Symbol: NASDAQ:PFBC
  • CUSIP: 74036740
  • Web: www.preferredbank.com
Capitalization:
  • Market Cap: $769.91 million
  • Outstanding Shares: 13,188,000
Average Prices:
  • 50 Day Moving Avg: $52.95
  • 200 Day Moving Avg: $53.22
  • 52 Week Range: $31.25 - $58.98
P/E:
  • Trailing P/E Ratio: 21.24
  • Foreward P/E Ratio: 16.39
  • P/E Growth: 1.86
Sales & Book Value:
  • Annual Revenue: $105.65 million
  • Price / Sales: 7.20
  • Book Value: $20.54 per share
  • Price / Book: 2.81
Dividend:
  • Annual Dividend: $0.80
  • Dividend Yield: 1.4%
Profitability:
  • Net Margins: 28.91%
  • Return on Equity: 14.18%
  • Return on Assets: 1.29%
Debt:
  • Debt-to-Equity Ratio: 0.43%
  • Current Ratio: 1.05%
  • Quick Ratio: 1.05%
Misc:
  • Average Volume: 94,919 shs.
  • Beta: 0.96
  • Short Ratio: 4.31
 

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 Monday, June 26th. Investors of record on Friday, July 7th will be paid a dividend of $0.20 per share on Friday, July 21st. This represents a $0.80 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, July 5th. This is a positive change from Preferred Bank's previous quarterly dividend of $0.18. View Preferred Bank's Dividend History.

How were Preferred Bank's earnings last quarter?

Preferred Bank (NASDAQ:PFBC) posted its earnings results on Tuesday, July, 18th. The company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.75 by $0.05. The company earned $32.55 million during the quarter, compared to analysts' expectations of $31.78 million. Preferred Bank had a return on equity of 14.18% and a net margin of 28.91%. View Preferred Bank's Earnings History.

When will Preferred Bank make its next earnings announcement?

Preferred Bank is scheduled to release their next quarterly earnings announcement on Tuesday, October, 17th 2017. View Earnings Estimates for Preferred Bank.

Where is Preferred Bank's stock going? Where will Preferred Bank's stock price be in 2017?

3 brokers have issued 12-month target prices for Preferred Bank's shares. Their forecasts range from $15.00 to $65.00. On average, they anticipate Preferred Bank's share price to reach $40.00 in the next year. View Analyst Ratings for Preferred Bank.

What are 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 " (6/24/2017)
  • 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?

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
  • 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

Who owns Preferred Bank stock?

Preferred Bank's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.57%), Capital Impact Advisors LLC (0.15%), Aperio Group LLC (0.04%), Eqis Capital Management Inc. (0.03%), US Bancorp DE (0.02%) and First Quadrant L P CA (0.02%). 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 Capital Impact Advisors LLC, Bank of Montreal Can and US Bancorp DE. View Insider Buying and Selling for Preferred Bank.

Who bought Preferred Bank stock? Who is buying Preferred Bank stock?

Preferred Bank's stock was bought by a variety of institutional investors in the last quarter, including Aperio Group LLC and Eqis Capital 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 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 $57.68.


MarketBeat Community Rating for Preferred Bank (NASDAQ PFBC)
Community Ranking:  3.1 out of 5 (  )
Outperform Votes:  101 (Vote Outperform)
Underperform Votes:  60 (Vote Underperform)
Total Votes:  161
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.

Analyst Ratings

Consensus Ratings for Preferred Bank (NASDAQ:PFBC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 3.33)
Consensus Price Target: $40.00 (30.65% downside)

Analysts' Ratings History for Preferred Bank (NASDAQ:PFBC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/19/2017FBR & CoReiterated RatingBuyLowView Rating Details
7/10/2017StephensUpgradeEqual Weight -> OverweightMediumView Rating Details
8/25/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$15.00N/AView Rating Details
(Data available from 7/21/2015 forward)

Earnings

Earnings History for Preferred Bank (NASDAQ:PFBC)
Earnings by Quarter for Preferred Bank (NASDAQ:PFBC)
Earnings History by Quarter for Preferred Bank (NASDAQ PFBC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/17/2017$0.82N/AView Earnings Details
7/18/2017Q2 2017$0.75$0.80$31.78 million$32.55 millionViewN/AView Earnings Details
4/19/2017Q1 2017$0.70$0.71$30.00 million$30.53 millionViewN/AView Earnings Details
1/19/2017Q4 2016$0.65$0.71$28.08 million$29.35 millionViewN/AView Earnings Details
10/19/2016Q3$0.62$0.69$27.53 million$27.85 millionViewN/AView Earnings Details
7/20/2016Q2$0.58$0.61$26.18 million$27.40 millionViewN/AView Earnings Details
4/20/2016Q1$0.56$0.56$24.20 million$25.04 millionViewN/AView Earnings Details
1/21/2016Q4$0.54$0.57$23.17 million$23.27 millionViewListenView Earnings Details
10/19/2015Q315$0.53$0.57$21.93 million$22.54 millionViewListenView Earnings Details
7/20/2015Q215$0.50$0.55$20.90 million$21.70 millionViewListenView Earnings Details
4/20/2015Q115$0.48$0.48$20.33 million$20.23 millionViewN/AView Earnings Details
1/20/2015Q414$0.47$0.50$19.43 million$20.13 millionViewN/AView Earnings Details
10/16/2014Q3 14$0.43$0.46$18.53 million$18.96 millionViewListenView Earnings Details
7/23/2014Q412$0.39$0.43$18.13 million$17.98 millionViewN/AView Earnings Details
4/22/2014Q1$0.37$0.38$17.70 million$17.53 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Preferred Bank (NASDAQ:PFBC)
2017 EPS Consensus Estimate: $3.23
2018 EPS Consensus Estimate: $3.96
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.69$0.72$0.70
Q2 20173$0.74$0.77$0.76
Q3 20173$0.85$0.93$0.88
Q4 20173$0.83$0.96$0.89
Q1 20182$0.90$0.98$0.94
Q2 20182$0.94$1.01$0.98
Q3 20182$0.99$1.03$1.01
Q4 20182$1.02$1.05$1.04
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Preferred Bank (NASDAQ:PFBC)
Next Dividend:7/21/2017
Annual Dividend:$0.80
Dividend Yield:1.39%
Payout Ratio:27.49% (Trailing 12 Months of Earnings)
25.40% (Based on This Year's Estimates)
22.73% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Preferred Bank (NASDAQ:PFBC)

Dividend History by Quarter for Preferred Bank (NASDAQ PFBC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
6/26/2017quarterly$0.201.61%7/5/20177/7/20177/21/2017
3/24/2017Quarterly$0.181.42%4/5/20174/7/20174/21/2017
12/23/2016Quarterly$0.181.39%1/4/20171/6/20171/20/2017
9/23/2016quarterly$0.151.69%10/5/201610/7/201610/21/2016
6/24/2016quarterly$0.152.05%7/5/20167/7/20167/21/2016
3/29/2016quarterly$0.152.02%4/5/20164/7/20164/21/2016
12/21/2015quarterly$0.151.8%1/5/20161/7/20161/21/2016
9/23/2015$0.1210/2/201510/6/201510/20/2015
6/24/2015quarterly$0.121.63%7/2/20157/7/20157/21/2015
3/20/2015quarterly$0.121.71%4/2/20154/7/20154/21/2015
12/19/2014quarterly$0.101.52%1/2/20151/6/20151/20/2015
9/26/2014quarterly$0.1010/2/201410/6/201410/20/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Preferred Bank (NASDAQ:PFBC)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Preferred Bank (NASDAQ:PFBC)
Latest Headlines for Preferred Bank (NASDAQ:PFBC)
Source:
DateHeadline
americanbankingnews.com logoResearch Analysts Set Expectations for Preferred Bank's Q3 2017 Earnings (NASDAQ:PFBC)
www.americanbankingnews.com - July 21 at 9:08 AM
americanbankingnews.com logoPreferred Bank (PFBC) to Post Q3 2017 Earnings of $0.87 Per Share, FBR & Co Forecasts
www.americanbankingnews.com - July 21 at 9:08 AM
finance.yahoo.com logoEdited Transcript of PFBC earnings conference call or presentation 19-Jul-17 6:00pm GMT
finance.yahoo.com - July 21 at 6:08 AM
americanbankingnews.com logoFIG Partners Weighs in on Preferred Bank's Q3 2017 Earnings (PFBC)
www.americanbankingnews.com - July 20 at 8:42 AM
finance.yahoo.com logoInvestor Network: Preferred Bank to Host Earnings Call
finance.yahoo.com - July 19 at 3:47 PM
americanbankingnews.com logoPreferred Bank (PFBC) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS
www.americanbankingnews.com - July 19 at 8:59 AM
seekingalpha.com logoPreferred Bank beats by $0.05, beats on net interest income
seekingalpha.com - July 19 at 2:24 AM
globenewswire.com logoPreferred Bank Reports Second Quarter Results
globenewswire.com - July 19 at 2:24 AM
americanbankingnews.com logoPreferred Bank (NASDAQ:PFBC) Set to Announce Earnings on Tuesday
www.americanbankingnews.com - July 14 at 7:46 AM
americanbankingnews.com logoPreferred Bank (PFBC) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - July 11 at 12:40 PM
americanbankingnews.com logoPreferred Bank (PFBC) Upgraded to Overweight at Stephens
www.americanbankingnews.com - July 10 at 11:38 AM
americanbankingnews.com logoPreferred Bank (PFBC) versus OFG Bancorp (OFG) Financial Analysis
www.americanbankingnews.com - July 9 at 10:24 PM
feeds.benzinga.com logoPreferred Bank Announces 2017 Second Quarter Earnings Release and Conference Call
feeds.benzinga.com - July 6 at 8:31 PM
americanbankingnews.com logoPreferred Bank (NASDAQ:PFBC) Expected to Post Quarterly Sales of $31.78 Million
www.americanbankingnews.com - July 2 at 10:42 AM
americanbankingnews.com logoPreferred Bank (PFBC) Expected to Announce Earnings of $0.75 Per Share
www.americanbankingnews.com - June 30 at 9:54 AM
finance.yahoo.com logoPreferred Bank (California) breached its 50 day moving average in a Bullish Manner : PFBC-US : June 29, 2017
finance.yahoo.com - June 30 at 3:31 AM
americanbankingnews.com logo Brokerages Set $60.60 Target Price for Preferred Bank (PFBC)
www.americanbankingnews.com - June 29 at 10:49 AM
americanbankingnews.com logoFIG Partners Equities Analysts Lift Earnings Estimates for Preferred Bank (PFBC)
www.americanbankingnews.com - June 28 at 7:26 AM
finance.yahoo.com logoPreferred Bank Receives Negotiating Permit From State of California to Raise New Common Stock
finance.yahoo.com - June 27 at 7:17 AM
americanbankingnews.com logoPreferred Bank (PFBC) Plans Dividend Increase - $0.20 Per Share
www.americanbankingnews.com - June 26 at 5:20 PM
americanbankingnews.com logoPreferred Bank (PFBC) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - June 24 at 12:36 PM
americanbankingnews.com logoPreferred Bank (PFBC) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - June 24 at 7:08 AM
seekingalpha.com logoCANSLIM Memo: Plumas Bancorp
seekingalpha.com - June 17 at 7:53 PM
americanbankingnews.com logoAnalysts Anticipate Preferred Bank (PFBC) to Announce $0.75 Earnings Per Share
www.americanbankingnews.com - June 14 at 6:38 PM
finance.yahoo.com logoPreferred Bank (California) breached its 50 day moving average in a Bullish Manner : PFBC-US : June 12, 2017
finance.yahoo.com - June 12 at 8:33 AM
americanbankingnews.com logo$31.78 Million in Sales Expected for Preferred Bank (PFBC) This Quarter
www.americanbankingnews.com - June 8 at 2:34 PM
finance.yahoo.com logoETFs with exposure to Preferred Bank (California) : June 6, 2017
finance.yahoo.com - June 6 at 7:58 PM
finance.yahoo.com logoPreferred Bank (California) :PFBC-US: Earnings Analysis: Q1, 2017 By the Numbers : June 5, 2017
finance.yahoo.com - June 5 at 7:49 PM
americanbankingnews.com logoPreferred Bank (PFBC) Upgraded to Buy by ValuEngine
www.americanbankingnews.com - June 3 at 5:40 PM
finance.yahoo.com logoPreferred Bank (California) breached its 50 day moving average in a Bearish Manner : PFBC-US : May 15, 2017
finance.yahoo.com - May 15 at 9:53 AM
americanbankingnews.com logoPreferred Bank (PFBC) Expected to Post Quarterly Sales of $31.78 Million
www.americanbankingnews.com - May 12 at 3:24 PM
americanbankingnews.com logo Brokerages Anticipate Preferred Bank (PFBC) Will Post Earnings of $0.75 Per Share
www.americanbankingnews.com - May 10 at 10:08 AM
americanbankingnews.com logoPreferred Bank (PFBC) Earns Daily News Impact Rating of 0.28
www.americanbankingnews.com - May 5 at 10:34 PM
finance.yahoo.com logoPreferred Bank to Participate in Upcoming Investor Conferences
finance.yahoo.com - May 3 at 7:52 PM
americanbankingnews.com logoVery Positive Media Coverage Very Likely to Affect Preferred Bank (PFBC) Stock Price
www.americanbankingnews.com - May 2 at 4:20 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Extremely Likely to Impact Preferred Bank (PFBC) Share Price
www.americanbankingnews.com - April 27 at 11:42 AM
finance.yahoo.com logoPreferred Bank (California) breached its 50 day moving average in a Bullish Manner : PFBC-US : April 26, 2017
finance.yahoo.com - April 26 at 6:04 PM
americanbankingnews.com logoDA Davidson Research Analysts Lift Earnings Estimates for Preferred Bank (PFBC)
www.americanbankingnews.com - April 24 at 8:34 AM
americanbankingnews.com logoQ2 2017 Earnings Estimate for Preferred Bank Issued By FBR & Co (PFBC)
www.americanbankingnews.com - April 24 at 7:55 AM
americanbankingnews.com logoPreferred Bank (PFBC) Short Interest Update
www.americanbankingnews.com - April 23 at 8:52 PM
americanbankingnews.com logoSomewhat Favorable News Coverage Extremely Likely to Impact Preferred Bank (PFBC) Stock Price
www.americanbankingnews.com - April 23 at 9:55 AM
americanbankingnews.com logoPreferred Bank (PFBC) Expected to Announce Quarterly Sales of $31.3 Million
www.americanbankingnews.com - April 21 at 2:27 PM
finance.yahoo.com logoEdited Transcript of PFBC earnings conference call or presentation 20-Apr-17 6:00pm GMT
finance.yahoo.com - April 21 at 9:02 AM
seekingalpha.com logoPreferred Bank's (PFBC) CEO Li Yu on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - April 21 at 12:19 AM
americanbankingnews.com logoFBR & Co Reaffirms "Buy" Rating for Preferred Bank (PFBC)
www.americanbankingnews.com - April 20 at 4:48 PM
americanbankingnews.com logoPreferred Bank (PFBC) Issues Quarterly Earnings Results
www.americanbankingnews.com - April 20 at 12:54 PM
seekingalpha.com logoPreferred Bank beats by $0.01, misses on net interest income
seekingalpha.com - April 20 at 8:59 AM
zacks.com logoShould Value Investors Pick Preferred Bank (PFBC) Stock?
www.zacks.com - April 20 at 8:59 AM
americanbankingnews.com logoPreferred Bank (PFBC) Earns "Hold" Rating from Stephens
www.americanbankingnews.com - April 20 at 8:10 AM
finance.yahoo.com logoPreferred Bank tops Street 1Q forecasts
finance.yahoo.com - April 19 at 7:11 PM

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Chart

Preferred Bank (PFBC) Chart for Friday, July, 21, 2017

This page was last updated on 7/21/2017 by MarketBeat.com Staff