Preferred BankPFBC
PFBC
About: Preferred Bank is a commercial bank located in California. Its products and services are divided into Personal Banking, Business Banking, and Commercial Banking which includes Checking accounts, Savings accounts, CDs, Loans and Credit, Electronic banking and Treasury Management. It provides personalized deposit services, real estate finance, commercial loans, and trade finance credit facilities to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high-net-worth individuals. The bank generates a majority of its revenue from Southern and Northern California and Flushing.
Employees: 323
0
Funds holding %
of 7,398 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
986% more call options, than puts
Call options by funds: $380K | Put options by funds: $35K
26% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 19
11% more capital invested
Capital invested by funds: $897M [Q3] → $994M (+$96.9M) [Q4]
1% more funds holding
Funds holding: 216 [Q3] → 219 (+3) [Q4]
1.3% more ownership
Funds ownership: 75.93% [Q3] → 77.23% (+1.3%) [Q4]
10% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 80
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$100
32%
upside
Avg. target
$104
37%
upside
High target
$111
46%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Piper Sandler Matthew Clark 20% 1-year accuracy 5 / 25 met price target | 46%upside $111 | Overweight Maintained | 31 Jan 2025 |
Stephens & Co. Andrew Terrell 41% 1-year accuracy 13 / 32 met price target | 32%upside $100 | Equal-Weight Reiterated | 30 Jan 2025 |
DA Davidson Gary Tenner 40% 1-year accuracy 19 / 48 met price target | 33%upside $101 | Neutral Maintained | 29 Jan 2025 |
Financial journalist opinion
Based on 3 articles about PFBC published over the past 30 days
Positive
Zacks Investment Research
10 hours ago
Preferred Bank (PFBC) is a Top Dividend Stock Right Now: Should You Buy?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Preferred Bank (PFBC) have what it takes?
Neutral
GlobeNewsWire
2 weeks ago
Preferred Bank Announces Dividend Increase
LOS ANGELES, March 19, 2025 (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 to $0.75 per share, payable on April 21, 2025 to holders of record on April 7, 2025.
Neutral
GlobeNewsWire
2 weeks ago
Preferred Bank Announces Approval to Continue Share Repurchase Plan
LOS ANGELES, March 18, 2025 (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 $84.3 million of its common stock during 2023 and 2024, however regulatory approval expired in January of 2025. As a state, non-member Bank that issues its common stock at the bank level (no holding company), Preferred Bank is required to seek regulatory approval to engage in transactions that either increase or decrease capital. The shareholder and regulatory approvals to repurchase the remaining $65.7 million of common stock will expire in May of 2025.
Negative
Seeking Alpha
1 month ago
Preferred Bank: Limited Impact From LA Wildfires Expected
Preferred Bank is a U.S. regional bank specialized in mortgage lending. Q4 2024 results were negatively impacted by a one-off rental expense. The outlook for Q1 2025 shows that quarterly EPS should recover half of the rental-expense-induced decline, even as costs remain elevated.
Neutral
GlobeNewsWire
2 months ago
Preferred Bank Announces Fire Relief Donations
LOS ANGELES, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (the “Bank”) one of the larger independent California banks, today reported that the Board of Directors had approved a significant donation to benefit fire relief efforts on the Los Angeles area.
Neutral
Seeking Alpha
2 months ago
Preferred Bank (PFBC) Q4 2024 Earnings Call Transcript
Preferred Bank (NASDAQ:PFBC ) Q4 2024 Earnings Conference Call January 28, 2025 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 Johnny Hsu - Deputy Chief Operating Officer Conference Call Participants Andrew Terrell - Stephens Matthew Clark - Piper Sandler Gary Tenner - D.A. Davidson Tim Coffey - Janney David Feaster - Raymond James Operator Good day, and welcome to the Preferred Bank Fourth Quarter 2024 Earnings Call.
Positive
Zacks Investment Research
2 months ago
Preferred Bank (PFBC) Reports Q4 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Preferred Bank (PFBC) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Negative
Zacks Investment Research
2 months ago
Preferred Bank (PFBC) Misses Q4 Earnings Estimates
Preferred Bank (PFBC) came out with quarterly earnings of $2.25 per share, missing the Zacks Consensus Estimate of $2.42 per share. This compares to earnings of $2.60 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
Preferred Bank Reports Fourth Quarter and Annual Results
LOS ANGELES, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended December 31, 2024. Preferred Bank (“the Bank”) reported net income of $30.2 million or $2.25 per diluted share for the fourth quarter of 2024. This represents a decrease in net income of $3.2 million from the prior quarter and a decrease of $5.6 from the same quarter last year. The decrease compared to both periods was mainly due to a one-time $8.1 million increase in occupancy expense this quarter due to the previously disclosed error in the calculation of ASC 842, Accounting for Leases. As previously disclosed, this calculation error goes back to the adoption of ASC 842 in 2019 and the $8.1 million item represents the cumulative erroneous calculation through the years from 2019 to present.
Positive
Zacks Investment Research
2 months ago
Ahead of Preferred Bank (PFBC) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Preferred Bank (PFBC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
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