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Last $31.02 USD
Change Today +0.31 / 1.01%
Volume 40.6K
PFBC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

preferred bank/los angeles (PFBC) Snapshot

Open
$30.75
Previous Close
$30.71
Day High
$31.13
Day Low
$30.50
52 Week High
07/28/15 - $31.13
52 Week Low
07/31/14 - $21.80
Market Cap
411.6M
Average Volume 10 Days
35.6K
EPS TTM
$1.99
Shares Outstanding
13.3M
EX-Date
07/2/15
P/E TM
15.6x
Dividend
$0.48
Dividend Yield
1.42%
Current Stock Chart for PREFERRED BANK/LOS ANGELES (PFBC)

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preferred bank/los angeles (PFBC) Details

Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals in the United States. The company’s deposit products include checking, savings, negotiable order of withdrawal, and money market deposit accounts; fixed-rate and fixed maturity retail certificates of deposit; and individual retirement accounts and non-retail certificates of deposit. It also provides real estate mini-perm loans that are secured by retail, industrial, office, residential, and residential multi-family properties; real estate construction loans; commercial loan products comprising lines of credit for working capital and term loans for capital expenditures; and trade finance products, such as commercial and standby letters of credit, acceptance financing, documentary collections, foreign draft collections, international wires, and foreign exchange for importers and exporters. In addition, the company offers various private banking services to wealthy individuals residing in the Pacific Rim area with residences, real estate investments, or businesses in Southern California. Further, it provides various banking services to physicians, accountants, attorneys, business managers, and other professionals; and a range of deposit products and related services, such as safe deposit boxes, account reconciliation, courier service, and cash management services to the manufacturing, service, and distribution companies. As of December 31, 2014, the company had 12 full-service branch offices in Alhambra, Arcadia, Century City, City of Industry, Diamond Bar, Los Angeles, Pico Rivera, San Francisco, Tarzana, Torrance, Anaheim, and Irvine, California. Preferred Bank was founded in 1991 and is headquartered in Los Angeles, California.

163 Employees
Last Reported Date: 03/16/15
Founded in 1991

preferred bank/los angeles (PFBC) Top Compensated Officers

Chairman, Chief Executive Officer, Company Se...
Total Annual Compensation: $1.6M
President and Chief Operating Officer
Total Annual Compensation: $699.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $388.5K
Compensation as of Fiscal Year 2014.

preferred bank/los angeles (PFBC) Key Developments

Preferred Bank Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Preferred Bank reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company has reported a net income available to the common shareholders of $7,445,000 or $0.55 per diluted share, compared to $6,129,000, or $0.45 per diluted share, for the same quarter ended June 30, 2013. Net interest income was $20,567,000 compared to $17,065,000 for the same quarter ended June 30, 2014. Total interest income was $23,053,000 against $19,294,000 a year ago. Income before provision for income taxes was $12,736,000 against $10,256,000 a year ago. Return on average assets was 1.44% against 1.39% a year ago. Earnings for the second quarter were aided by a special FHLB stock dividend of $227,000 as well as a gain on sale of OREO of $325,000. For the six months, the company reported net income available to the common shareholders was $14,034,000 or $1.03 per diluted share, compared to $11,236,000 or $0.83 per diluted share, for the same period ended June 30, 2014. Net interest income was $39,931,000 compared to $33,568,000 for the same period ended June 30, 2014. Total interest income was $44,899,000 against $38,044,000 a year ago. Income before provision for income taxes was $23,850,000 against $18,705,000 a year ago. Return on average assets was 1.36% against 1.29% a year ago.

Preferred Bank to Report Q2, 2015 Results on Jul 20, 2015

Preferred Bank announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 20, 2015

Preferred Bank, Q2 2015 Earnings Call, Jul 21, 2015

Preferred Bank, Q2 2015 Earnings Call, Jul 21, 2015

 

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Industry Analysis

PFBC

Industry Average

Valuation PFBC Industry Range
Price/Earnings 15.5x
Price/Sales 5.3x
Price/Book 1.7x
Price/Cash Flow 14.7x
TEV/Sales 2.3x
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