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NASDAQ:PFBCPreferred Bank Stock Price, Forecast & News

+0.76 (+2.04 %)
(As of 06/2/2020 04:00 PM ET)
Today's Range
Now: $38.08
50-Day Range
MA: $34.99
52-Week Range
Now: $38.08
Volume58,968 shs
Average Volume110,218 shs
Market Capitalization$573.10 million
P/E Ratio7.59
Dividend Yield3.22%
Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals in the United States. The company's deposit products include checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts. It also provides real estate mortgage loans that are secured by retail, industrial, office, special purpose, and residential single and multi-family properties; real estate construction loans; commercial loans comprising lines of credit for working capital and term loans for capital expenditures; and commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, export financing products, bills purchase programs, and acceptances/trust receipt financing products, as well as standby letters of credit and foreign exchange services for importers and exporters. In addition, it offers various high-wealth banking services to wealthy individuals residing in the Pacific Rim area with residences, real estate investments, or businesses in Southern California. Further, it provides various banking services to physicians, accountants, attorneys, business managers, and other professionals; and safe deposit boxes, account reconciliation, courier service, and cash management services to the manufacturing, service, and distribution companies. Additionally, it offers remote deposit capture, and Internet and mobile banking services. As of December 31, 2018, it had 13 full-service branch offices in Alhambra, Arcadia, Century City, City of Industry, Diamond Bar, Los Angeles, Pico Rivera, San Francisco, Tarzana, Torrance, and Irvine, California; and Flushing, New York. The company was founded in 1991 and is headquartered in Los Angeles, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.7Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.42 out of 5 stars

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
Current SymbolNASDAQ:PFBC



Sales & Book Value

Annual Sales$234.19 million
Cash Flow$5.72 per share
Book Value$31.23 per share


Net Income$78.37 million


Market Cap$573.10 million
Next Earnings Date7/15/2020 (Estimated)

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Preferred Bank (NASDAQ:PFBC) Frequently Asked Questions

How has Preferred Bank's stock been impacted by COVID-19 (Coronavirus)?

Preferred Bank's stock was trading at $40.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PFBC stock has decreased by 6.5% and is now trading at $38.08. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Preferred Bank?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Preferred Bank in the last year. There are currently 5 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Preferred Bank.

When is Preferred Bank's next earnings date?

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

How were Preferred Bank's earnings last quarter?

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

How often does Preferred Bank pay dividends? What is the dividend yield for Preferred Bank?

Preferred Bank announced a quarterly dividend on Monday, March 23rd. Investors of record on Tuesday, April 7th will be paid a dividend of $0.30 per share on Tuesday, April 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Monday, April 6th. View Preferred Bank's dividend history.

What price target have analysts set for PFBC?

5 brokers have issued 12-month price targets 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 $49.00 in the next year. This suggests a possible upside of 28.7% from the stock's current price. View analysts' price targets for Preferred Bank.

Has Preferred Bank been receiving favorable news coverage?

News stories about PFBC stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Preferred Bank earned a media sentiment score of -1.6 on InfoTrie's scale. They also gave news articles about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutPreferred Bank.

Who are some of Preferred Bank's key competitors?

What other stocks do shareholders of Preferred Bank own?

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).

Who are Preferred Bank's key executives?

Preferred Bank's management team includes the following people:
  • Mr. Li Yu, Chairman, CEO & Corp. Sec. (Age 78)
  • Mr. Wellington Chen, Pres & COO (Age 59)
  • Mr. Edward J. Czajka, Exec. VP & CFO (Age 55)
  • Mr. Nick Pi, Exec. VP & Chief Credit Officer (Age 58)
  • Ms. Sandy Ho, Exec. VP & Regional Mang.

What is Preferred Bank's stock symbol?

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

Who are Preferred Bank's major shareholders?

Preferred Bank's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.41%), Nuveen Asset Management LLC (4.53%), Principal Financial Group Inc. (3.86%), State Street Corp (3.06%), Invesco Ltd. (1.94%) and Geode Capital Management LLC (1.46%).

Which major investors are selling Preferred Bank stock?

PFBC stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Stieven Capital Advisors L.P., BlackRock Inc., Wells Fargo & Company MN, KBC Group NV, Bank of New York Mellon Corp, Citigroup Inc., and UBS Group AG.

Which major investors are buying Preferred Bank stock?

PFBC stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Invesco Ltd., Matarin Capital Management LLC, Acadian Asset Management LLC, State Street Corp, AQR Capital Management LLC, Robeco Institutional Asset Management B.V., and Raymond James & Associates.

How do I buy shares of Preferred Bank?

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.

What is Preferred Bank's stock price today?

One share of PFBC stock can currently be purchased for approximately $38.08.

How big of a company is Preferred Bank?

Preferred Bank has a market capitalization of $573.10 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.

What is Preferred Bank's official website?

The official website for Preferred Bank is www.preferredbank.com.

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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff

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