The upcoming report from Preferred Bank (PFBC) is expected to reveal quarterly earnings of $2.42 per share, indicating a decline of 6.9% compared to the year-ago period. Analysts forecast revenues of $70 million, representing a decrease of 2.1% year over year.Over the last 30 days, there has been an upward revision of 3.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of ...

A downtrend has been apparent in Preferred Bank (PFBC) lately with too much selling pressure. The stock has declined 11.9% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for ...

LOS ANGELES, Jan. 10, 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 December 31, 2024 after the close of market on Monday, January 27, 2025. On the following day, Tuesday, January 28, 2025, 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. Interested participants ...

LOS ANGELES, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has increased the quarterly cash dividend to $0.75 per share from the previous $0.70 per share, an increase of 7.1%. The dividend is payable on January 23, 2025 to holders of record on January 9, 2025. About Preferred Bank Preferred Bank is one of the larger independent commercial banks headquartered in California. The Bank is ...

Core Viewpoint - Preferred Bank is set to release its financial results for Q3 2024 on October 21, 2024, before market opening, followed by a conference call to discuss the results and outlook [1]. Company Information - Preferred Bank is one of the larger independent commercial banks in California, chartered by the State of California, with deposits insured by the FDIC [4]. - The bank operates from its main office in Los Angeles and has multiple full-service branches across California, as well as locations in New York and Texas [4]. - Preferred Bank offers a wide range of deposit and loan products to commercial and consumer customers, focusing on small and mid-sized businesses, entrepreneurs, and high net worth individuals [4]. Conference Call Details - The conference call will take place on October 21, 2024, at 2:00 p.m. Eastern (11:00 a.m. Pacific), and will be accessible via phone and live webcast [1][2]. - Key executives, including the Chairman and CEO, President, and CFO, will discuss financial results and business highlights during the call [3]. - A replay of the call will be available until November 4, 2024, with specific access numbers provided for domestic and international participants [3].

Preferred Bank (PFBC) obtained regulatory approval to proceed with its shareholder-approved existing $150 million share repurchase program. Details of PFBC's Repurchase Plan Preferred Bank launched the $150 million program in June 2023 and received regulatory approval to initiate the first leg of the plan. Under this, the bank repurchased $72.5 million worth of shares at an average price of $62.02. The approval expired in July 2024. The currently obtained approval is for the remaining $77.5 million worth of ...

LOS ANGELES, Aug. 30, 2024 (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 $72.5 million of its common stock over the latter half of 2023 and into 2024, however regulatory approval expired in July of 2024. As a state, non-member Bank that issues its common stock at ...

Edwin Tan/E+ via Getty Images Some companies end up being gifts that keep on giving. One good example of this that I could point to involves a rather small regional bank by the name of Preferred Bank (NASDAQ:PFBC). In the past, I have written about the institution, which emphasizes serving the Chinese American market, on two separate occasions. In my last article, which was published in March of this year, I stated that the company still represented a solid prospect for investors. This led me to reaffirm th ...

Company Performance - Preferred Bank reported quarterly earnings of $2.48 per share, exceeding the Zacks Consensus Estimate of $2.39 per share, but down from $2.61 per share a year ago [1] - The bank's revenues for the quarter ended June 2024 were $69.51 million, missing the Zacks Consensus Estimate by 1.47%, and down from $76.41 million year-over-year [2] - Over the last four quarters, Preferred Bank has surpassed consensus EPS estimates four times [6] Stock Performance - Preferred Bank shares have increased approximately 15.2% since the beginning of the year, compared to a 13.8% gain for the S&P 500 [7] - The current consensus EPS estimate for the upcoming quarter is $2.39 on revenues of $70.45 million, and for the current fiscal year, it is $9.60 on revenues of $281.5 million [9] Industry Context - The Zacks Banks - West industry, to which Preferred Bank belongs, is currently ranked in the bottom 34% of over 250 Zacks industries [14] - The estimate revisions trend for Preferred Bank is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [13]

| --- | --- | |--------------------------|------------------------| | | | | AT THE COMPANY: | AT FINANCIAL PROFILES: | | Edward J. Czajka | Jeffrey Haas | | Executive Vice President | General Information | | Chief Financial Officer | (310) 622-8240 | | (213) 891-1188 | PFBC@finprofiles.com | LOS ANGELES, June 20, 2024 (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 divid ...