Preferred Bank Stock News

LOS ANGELES, Dec. 22, 2021 (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

LOS ANGELES, Dec. 22, 2021 (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 $0.43 per share, payable on January 21, 2022 to holders of record on January 7, 2022. This dividend represents an increase of 13.2% over the previous dividend level of $0.38 per share.

Analysts expect that Preferred Bank (NASDAQ:PFBC) will post $51.61 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Preferred Banks earnings, with the highest sales estimate coming in at $52.10 million and the lowest estimate coming in at $50.70 million. Preferred Bank reported sales of $47.42 million during []

Shares of Preferred Bank (NASDAQ:PFBC) reached a new 52-week high on Monday . The company traded as high as $72.36 and last traded at $72.35, with a volume of 1075 shares traded. The stock had previously closed at $69.81. A number of analysts recently weighed in on the stock. Piper Sandler upped their target price []

Charles Schwab Investment Management Inc. increased its holdings in shares of Preferred Bank (NASDAQ:PFBC) by 1.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 94,584 shares of the banks stock after acquiring an additional 1,503 shares during the period. Charles Schwab Investment Management Inc. []

MetLife Investment Management LLC reduced its stake in Preferred Bank (NASDAQ:PFBC) by 27.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,747 shares of the banks stock after selling 1,826 shares during the quarter. MetLife Investment Management LLCs holdings in Preferred Bank were worth $300,000 as of its most recent SEC filing. A number []

AQR Capital Management LLC trimmed its stake in Preferred Bank (NASDAQ:PFBC) by 6.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,813 shares of the banks stock after selling 934 shares during the quarter. AQR Capital Management LLC owned approximately []

Preferred Bank (NASDAQ:PFBC) Analysts at Piper Sandler raised their FY2021 earnings per share (EPS) estimates for shares of Preferred Bank in a research note issued on Wednesday, November 17th. Piper Sandler analyst M. Clark now expects that the bank will post earnings per share of $6.38 for the year, up from their previous forecast []

FB Financial (NYSE:FBK) and Preferred Bank (NASDAQ:PFBC) are both finance companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, risk, valuation, analyst recommendations, earnings, dividends and profitability. Analyst Ratings This is a summary of current recommendations and price targets for FB Financial and []

Goldman Sachs Group Inc. reduced its stake in shares of Preferred Bank (NASDAQ:PFBC) by 29.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,918 shares of the banks stock after selling 50,167 shares during the period. Goldman Sachs Group Inc. owned approximately 0.80% of []

Royal Bank of Canada raised its stake in shares of Preferred Bank (NASDAQ:PFBC) by 20.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,644 shares of the banks stock after buying an additional 21,253 shares during the quarter. Royal Bank of Canada owned []

Preferred Bank (PFBC) CEO Li Yu on Q3 2021 Results - Earnings Call Transcript

LOS ANGELES, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for t

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.