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 7,425 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures 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
13% more capital invested
Capital invested by funds: $882M [Q3] → $994M (+$112M) [Q4]
2.54% more ownership
Funds ownership: 74.69% [Q3] → 77.23% (+2.54%) [Q4]
1% more funds holding
Funds holding: 216 [Q3] → 219 (+3) [Q4]
8% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 79
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$90
13%
upside
Avg. target
$92
16%
upside
High target
$96
20%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Piper Sandler Matthew Clark 31% 1-year accuracy 9 / 29 met price target | 20%upside $96 | Overweight Maintained | 29 Apr 2025 |
Stephens & Co. Andrew Terrell 33% 1-year accuracy 11 / 33 met price target | 14%upside $91 | Equal-Weight Reiterated | 29 Apr 2025 |
DA Davidson Gary Tenner 40% 1-year accuracy 21 / 53 met price target | 13%upside $90 | Neutral Maintained | 28 Apr 2025 |
Financial journalist opinion
Based on 8 articles about PFBC published over the past 30 days
Neutral
Seeking Alpha
5 days ago
Preferred Bank (PFBC) Q1 2025 Earnings Call Transcript
Preferred Bank (NASDAQ:PFBC ) Q1 2025 Earnings Conference Call April 25, 2025 2:00 PM ET Company Participants Jeff Haas - IR, Financial Profiles Li Yu - Chairman and CEO Edward Czajka - CFO Nick Pi - CCO Wellington Chen - President and COO Conference Call Participants Matthew Clark - Piper Sandler Andrew Terrell - Stephens Gary Tenner - D.A. Davidson Tim Coffey - Janney Operator Good day, and welcome to the Preferred Bank First Quarter 2025 Earnings Conference Call.
Positive
Seeking Alpha
5 days ago
Preferred Bank Remains A Preferred Candidate
Preferred Bank has faced mixed performance recently but remains attractive due to strong asset quality and a favorable price-to-earnings ratio. Despite a recent 4.3% decline, the stock is up 23.2% since July 2023, outperforming the broader market. The bank's niche in the Chinese-American market and solid financial fundamentals justify maintaining a 'buy' rating.
Neutral
Zacks Investment Research
5 days ago
Preferred Bank (PFBC) Q1 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 March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Zacks Investment Research
5 days ago
Preferred Bank (PFBC) Q1 Earnings and Revenues Miss Estimates
Preferred Bank (PFBC) came out with quarterly earnings of $2.23 per share, missing the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $2.44 per share a year ago.
Neutral
GlobeNewsWire
5 days ago
Preferred Bank Reports First Quarter Results
LOS ANGELES, April 25, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended March 31, 2025. Preferred Bank (“the Bank”) reported net income of $30.0 million or $2.23 per diluted share for the first quarter of 2025. This represents a small decrease in net income of $197,000 from the prior quarter and a decrease of $3.4 million from the same quarter last year. The decrease compared to both periods was mainly due to a decrease in net interest income. In the first quarter of 2025, the incremental impact to interest income from loans placed on nonaccrual status was approximately $2.8 million. In addition, a property securing one of our loans was damaged in the Palisades fire in January and as a result, the Bank has reversed out the $208,000 interest receivable on this loan although we expect to recoup this amount after the property is sold. In addition to a lowering of overall interest rates, these were the main factors in the decrease in net interest income.
Negative
Zacks Investment Research
1 week 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.
Neutral
GlobeNewsWire
2 weeks ago
Preferred Bank Announces 2025 First Quarter Earnings Release and Conference Call
LOS ANGELES, April 14, 2025 (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 fourth quarter ended March 31, 2025 before the open of market on Friday, April 25, 2025. 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.
Positive
Zacks Investment Research
3 weeks 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
1 month 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
1 month 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.
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