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Last $27.90 USD
Change Today +0.19 / 0.69%
Volume 20.5K
As of 8:10 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

preferred bank/los angeles (PFBC) Snapshot

Open
$27.71
Previous Close
$27.71
Day High
$27.93
Day Low
$27.61
52 Week High
04/27/15 - $29.85
52 Week Low
06/12/14 - $20.17
Market Cap
370.2M
Average Volume 10 Days
17.5K
EPS TTM
$1.89
Shares Outstanding
13.3M
EX-Date
04/2/15
P/E TM
14.8x
Dividend
$0.48
Dividend Yield
1.15%
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: $1.5M
President and Chief Operating Officer
Total Annual Compensation: $678.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $368.4K
Chief Credit Officer and Executive Vice Presi...
Total Annual Compensation: $368.4K
Compensation as of Fiscal Year 2013.

preferred bank/los angeles (PFBC) Key Developments

Lucilio Couto to Resign as Chief Credit Officer of Preferred Bank, Effective June 15, 2015

Preferred Bank announced that Chief Credit Officer, Lucilio Couto will be resigning from the Bank to pursue another opportunity. The effective date of his resignation will be June 15, 2015.

Preferred Bank, Annual General Meeting, May 19, 2015

Preferred Bank, Annual General Meeting, May 19, 2015., at 13:00 Pacific Standard Time. Location: 601 S. Figueroa Street, 29th Floor. Agenda: To consider election of directors of the Bank; to consider advisory vote on the compensation of Bank's executive officers; and to consider ratification of the appointment of KPMG, LLP as independent registered public accountants for the fiscal year ending December 31, 2015.

Preferred Bank Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter of 2015

Preferred Bank announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. The bank reported net income of $6.7 million or $0.48 per diluted share for the first quarter of 2015. This compares to net income of $5.2 million or $0.38 per diluted share for the first quarter of 2014 and compares to net income of $6.9 million or $0.50 per diluted share for the fourth quarter of 2014. Net interest income before provision for loan and lease losses was $19.4 million compared to $16.5 million recorded in the first quarter of 2014 and flat compared to the $19.4 million recorded in the fourth quarter of 2014. The increase over the first quarter of 2014 is due primarily to loan growth. Net interest income after provision for loan and lease losses was $18,865,000 against $15,253,000 a year ago. Income before provision for income taxes was $11,114,000 against $8,449,000 a year ago. Return on average assets was 1.28% against 1.17% a year ago. Return on beginning equity was 11.54% against 10.10% a year ago. Total net charge-offs for the first quarter of 2015 were $86,000 compared to $188,000 for the fourth quarter of 2014.

 

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PFBC Competitors

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Industry Analysis

PFBC

Industry Average

Valuation PFBC Industry Range
Price/Earnings 14.9x
Price/Sales 5.1x
Price/Book 1.5x
Price/Cash Flow 14.1x
TEV/Sales 1.5x
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