Financial Services -
Banks - Regional - NASDAQ - US
$ 87.18
1.14 %
$ 1.17 B
Market Cap
8.73
P/E
1. INTRINSIC VALUE
Balance Sheet
Preferred Bank
| Current Assets | 1.91 B |
| Cash & Short-Term Investments | 911 M |
| Receivables | 36.3 M |
| Other Current Assets | 964 M |
| Non-Current Assets | 5.71 B |
| Long-Term Investments | 80.6 M |
| PP&E | 31.7 M |
| Other Non-Current Assets | 5.59 B |
| Current Liabilities | 5.65 B |
| Accounts Payable | 16.1 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 5.64 B |
| Non-Current Liabilities | 328 M |
| Long-Term Debt | 168 M |
| Other Non-Current Liabilities | 160 M |
EFFICIENCY
Earnings Waterfall
Preferred Bank
| Revenue | 276 M |
| Cost Of Revenue | -206 M |
| Gross Profit | 482 M |
| Operating Expenses | 65 M |
| Operating Income | 211 M |
| Other Expenses | 60.6 M |
| Net Income | 150 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Preferred Bank
| Net Income | 150 M |
| Depreciation & Amortization | 1.72 M |
| Capital Expenditures | -2.42 M |
| Stock-Based Compensation | 5.81 M |
| Change in Working Capital | -1.04 M |
| Others | 21 M |
| Free Cash Flow | 173 M |
Wall Street Analysts Price Targets
Preferred Bank
Wall Street analysts predict an average 1-year price target for PFBC of $98 , with forecasts ranging from
a
low of
$94 to a high of $105 .
PFBC Lowest Price Target
Wall Street Target
94 USD
7.82%
PFBC Average Price Target
Wall Street Target
98 USD
12.41%
PFBC Highest Price Target
Wall Street Target
105 USD
20.44%
4. DIVIDEND
ANALYSIS
0.87%
DIVIDEND YIELD
0.75 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Preferred Bank
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Focus on 3 Stocks That Announced Dividend Hikes Amid Market Volatility
OZK, PFBC and MOS recently announced dividend hikes.
zacks.com
- 1 week ago
Preferred Bank Rewards Shareholders With 7.1% Dividend Increase
PFBC increases its quarterly dividend to 75 cents per share. Given its capital strength, the capital distribution move looks sustainable.
zacks.com
- 2 weeks ago
Preferred Bank Announces Dividend Increase
LOS ANGELES, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has increased the quarterly cash dividend to $0.75 per share from the previous $0.70 per share, an increase of 7.1%. The dividend is payable on January 23, 2025 to holders of record on January 9, 2025.
globenewswire.com
- 3 weeks ago
Preferred Bank Announces Additional Q4 Expense
LOS ANGELES, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced that the Bank had uncovered an unreconciled difference in its calculation of its right of use asset (“ROU”) and lease liabilities. As a result of this error, the Bank will record $8.1 million on a pre-tax basis of occupancy expense in the fourth quarter of 2024. On an after-tax basis, this will reduce fourth quarter diluted earnings per share by approximately $0.43.
globenewswire.com
- 1 month ago
Preferred Bank (PFBC) Q3 2024 Earnings Call Transcript
Preferred Bank (NASDAQ:PFBC ) Q3 2024 Earnings Call Transcript October 21, 2024 2:00 PM ET Company Participants Jeff Haas - Financial Profiles Li Yu - Chairman and CEO Edward Czajka - CFO Wellington Chen - President and COO Nick Pi - CCO Conference Call Participants Matthew Clark - Piper Sandler Andrew Terrell - Stephens Gary Tenner - D.A. Davidson David Feaster - Raymond James Operator Good day, and welcome to the Preferred Bank Third Quarter 2024 Earnings Conference Call.
seekingalpha.com
- 2 months ago
Preferred Bank (PFBC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Preferred Bank (PFBC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 2 months ago
Preferred Bank (PFBC) Q3 Earnings and Revenues Surpass Estimates
Preferred Bank (PFBC) came out with quarterly earnings of $2.46 per share, beating the Zacks Consensus Estimate of $2.39 per share. This compares to earnings of $2.71 per share a year ago.
zacks.com
- 2 months ago
Preferred Bank Announces 2024 Third Quarter Earnings Release and Conference Call
LOS ANGELES, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for the third quarter ended September 30, 2024 before the open of market on Monday, October 21, 2024. That same day, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet.
globenewswire.com
- 3 months ago
Analysts Estimate Preferred Bank (PFBC) to Report a Decline in Earnings: What to Look Out for
Preferred Bank (PFBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 3 months ago
GOP's preferred bank, Chain Bridge, valued at $141 mln in lukewarm NYSE debut
Chain Bridge Bancorp , the Republican Party's top banking choice, was valued at $141.2 million after its shares opened in line with the offer price in their debut on the New York Stock Exchange on Friday.
reuters.com
- 3 months ago
Preferred Bank Announces Quarterly Cash Dividend
LOS ANGELES, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has declared a quarterly cash dividend of $0.70 per share, payable on October 21, 2024 to holders of record on October 7, 2024.
globenewswire.com
- 4 months ago
Preferred Bank Gets Regulatory Nod to Continue Share Repurchase Plan
PFBC receives regulatory approval to buy back the remaining $77.5 million worth of authorization. The approval is set to expire in February 2025.
zacks.com
- 4 months ago
8. Profile
Summary
Preferred Bank PFBC
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 1.17 B
Dividend Yield
0.87%
Description
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 accepts 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; and commercial loans comprising lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and SBA loans. In addition, the company offers trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, acceptances/trust receipt financing products, export financing, documentary collections, and bills purchase programs. Further, it provides various high-wealth banking services to wealthy individuals residing in the Pacific Rim area; and remote deposit capture, and online and mobile banking services. Additionally, the company offers 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. As of December 31, 2021, it had eleven full-service branch offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco; and one branch in Flushing, New York. The company was incorporated in 1991 and is headquartered in Los Angeles, California.
Contact
601 South Figueroa Street, Los Angeles, CA, 90017
https://www.preferredbank.com
IPO
Date
Aug. 19, 1999
Employees
300
Officers
Mr. Johnny Hsu
Executive Vice President & Deputy Chief Operating Officer
Erika Chi
Executive Vice President
Mr. Robert J. Kosof
Executive Vice President of Commercial Lending
Ms. Sandy Ho
Executive Vice President & Regional Manager
Mr. Wellington Chen
President & Chief Operating Officer
Ms. Stella Chen
Senior Vice President
Mr. Li Yu
Chairman, Chief Executive Officer & Corporate Secretary
Mr. Nick Pi
Executive Vice President & Chief Credit Officer
Mr. Ted Hsu
Executive Vice President
Mr. Edward J. Czajka
Executive Vice President & Chief Financial Officer