Preferred Bank
PFBC
Market cap $1.12B

83.33 USD

-1.75

2.06%

At close Oct 18, 4:00 PM EDT

After hours

83.33

+0.00

0.00%

1 day

-2.06%

5 days

1.40%

1 month

2.70%

3 months

-1.71%

6 months

15.35%

Year to date

13.44%

1 year

36.81%

5 years

58.21%

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

83% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 18

8% more funds holding

Funds holding: 194 [Q1] → 209 (+15) [Q2]

4% more repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 70

0.36% more ownership

Funds ownership: 73.7% [Q1] → 74.07% (+0.36%) [Q2]

1% less capital invested

Capital invested by funds: $831M [Q1] → $822M (-$9.19M) [Q2]

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $332K

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$95

14%

upside

Avg. target

$100

20%

upside

High target

$105

26%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

Stephens & Co. Andrew Terrell 88% 1-year accuracy 15 / 17 met price target	14%upside $95	Overweight Maintained	30 Jul 2024
Piper Sandler Matthew Clark 80% 1-year accuracy 12 / 15 met price target	26%upside $105	Overweight Maintained	29 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about PFBC published over the past 30 days

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.

Preferred Bank Announces 2024 Third Quarter Earnings Release and Conference Call

Zacks Investment Research

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.

Analysts Estimate Preferred Bank (PFBC) to Report a Decline in Earnings: What to Look Out for

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.

Preferred Bank Announces Quarterly Cash Dividend

Zacks Investment Research

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.

Preferred Bank Gets Regulatory Nod to Continue Share Repurchase Plan

Preferred Bank Announces Approval to Continue Share Repurchase Plan

LOS ANGELES, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced that the Bank has received regulatory approval to continue its shareholder-approved $150 million stock Repurchase Plan, (“the Plan”). Thus far in the Plan, the Bank has repurchased $72.5 million of its common stock over the latter half of 2023 and into 2024, however regulatory approval expired in July of 2024.

Preferred Bank Announces Approval to Continue Share Repurchase Plan

Preferred Bank: Solid Upside Should Continue Despite Some Weaknesses

Preferred Bank shares have outperformed the market slightly, up 10.1% in recent months. Despite some weaknesses in financial results, deposit, and loan growth have powered the bank to greater heights. Shares are attractively priced relative to earnings, with high-quality assets and low debt, making the company a sensible 'buy'.

Preferred Bank: Solid Upside Should Continue Despite Some Weaknesses

Preferred Bank (PFBC) Q2 2024 Earnings Call Transcript

Preferred Bank (NASDAQ:PFBC ) Q2 2024 Earnings Conference Call July 26, 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 - Chief Credit Officer Conference Call Participants Matthew Clark - Piper Sandler Andrew Terrell - Stephens Gary Tenner - D.A. Davidson Eric Spector - Raymond James Operator Good afternoon, and welcome to the Preferred Bank Second Quarter 2024 Earnings Conference Call.

Preferred Bank (PFBC) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Preferred Bank (PFBC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for Preferred Bank (PFBC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Preferred Bank (PFBC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Preferred Bank (PFBC) Q2 Earnings Beat Estimates

Preferred Bank (PFBC) came out with quarterly earnings of $2.48 per share, beating the Zacks Consensus Estimate of $2.39 per share. This compares to earnings of $2.61 per share a year ago.

Preferred Bank (PFBC) Q2 Earnings Beat Estimates

Preferred Bank Reports Quarterly Results

LOS ANGELES, July 25, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended June 30, 2024. Preferred Bank (“the Bank”) reported net income of $33.6 million or $2.48 per diluted share for the second quarter of 2024. This represents a slight increase in net income of $126,000 over the prior quarter but down by $4.3 million from the same quarter last year. The decrease in net income from the prior year was due to lower net interest income because of rising deposit costs. Despite the decrease in net income, Preferred Bank continues to deliver top-of-peer group profitability metrics and long term shareholder returns.

Preferred Bank Reports Quarterly Results

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