Preferred Bank (NASDAQ: PFBC) recently received a number of ratings updates from brokerages and research firms:

  • 1/11/2018 – Preferred Bank was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/9/2018 – Preferred Bank was upgraded by analysts at Raymond James Financial, Inc. from an “outperform” rating to a “strong-buy” rating. They now have a $71.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/9/2018 – Preferred Bank was upgraded by analysts at UBS Group AG from an “outperform” rating to a “strong-buy” rating.
  • 12/30/2017 – Preferred Bank was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Preferred Bank is one of the largest independent commercial banks in California focusing on the Chinese-American market. The bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Company conducts its banking business from its main office in Los Angeles, California, and through ten full-service branch banking offices in Alhambra, Century City, Chino Hills, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Santa Monica and Valencia, California. Preferred Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers. The bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid- sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Preferred Bank continues to benefit from the significant migration to Southern California of “
  • 12/14/2017 – Preferred Bank was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/6/2017 – Preferred Bank was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/1/2017 – Preferred Bank was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 11/29/2017 – Preferred Bank was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $67.00 price target on the stock. According to Zacks, “Preferred Bank is one of the largest independent commercial banks in California focusing on the Chinese-American market. The bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Company conducts its banking business from its main office in Los Angeles, California, and through ten full-service branch banking offices in Alhambra, Century City, Chino Hills, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Santa Monica and Valencia, California. Preferred Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers. The bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid- sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Preferred Bank continues to benefit from the significant migration to Southern California of “

Preferred Bank (NASDAQ:PFBC) opened at $63.20 on Friday. The firm has a market capitalization of $896.87, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.53 and a beta of 0.92. Preferred Bank has a 52-week low of $46.88 and a 52-week high of $66.58. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35.

Preferred Bank (NASDAQ:PFBC) last posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. The firm had revenue of $36.67 million for the quarter, compared to analyst estimates of $34.68 million. Preferred Bank had a return on equity of 15.22% and a net margin of 29.33%. equities analysts predict that Preferred Bank will post 3.35 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Monday, January 8th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.39%. This is a positive change from Preferred Bank’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, January 5th. Preferred Bank’s payout ratio is presently 27.94%.

Preferred Bank is a commercial bank. The Bank provides deposit services, as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high net worth individuals. The Bank offers various services, such as personal banking, business banking and treasury management.

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