-0.60%
4.63%
7.12%
5.02%
25.81%
15.78%
50.36%
AI Spotlight on PFBC
Company Description
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 accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts.It also provides real estate mortgage loans that are secured by retail, industrial, office, special purpose, and residential single and multi-family properties; real estate construction loans; and commercial loans comprising lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and SBA loans.
In addition, the company offers trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, acceptances/trust receipt financing products, export financing, documentary collections, and bills purchase programs.Further, it provides various high-wealth banking services to wealthy individuals residing in the Pacific Rim area; and remote deposit capture, and online and mobile banking services.Additionally, the company offers various banking services to physicians, accountants, attorneys, business managers, and other professionals; and safe deposit boxes, account reconciliation, courier service, and cash management services to the manufacturing, service, and distribution companies.
As of December 31, 2021, it had eleven full-service branch offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco; and one branch in Flushing, New York.The company was incorporated in 1991 and is headquartered in Los Angeles, California.
Market Data
| Last Price | 90.38 |
| Change Percentage | -0.60% |
| Open | 92.22 |
| Previous Close | 90.93 |
| Market Cap ( Millions) | 1210 |
| Volume | 93548 |
| Year High | 99.78 |
| Year Low | 66.88 |
| M A 50 | 89.75 |
| M A 200 | 82.0 |
Financial Ratios
| FCF Yield | 10.15% |
| Dividend Yield | 3.15% |
| ROE | 19.01% |
| Debt / Equity | 23.35% |
| Net Debt / EBIDTA | -622.24% |
| Price To Book | 1.61 |
| Price Earnings Ratio | 8.84 |
| Price To FCF | 9.85 |
| Price To sales | 2.65 |
| EV / EBITDA | 6.18 |
News
- Jan -30 - Preferred Bank Announces Fire Relief Donations
- Jan -28 - Preferred Bank (PFBC) Q4 2024 Earnings Call Transcript
- Jan -27 - Preferred Bank (PFBC) Reports Q4 Earnings: What Key Metrics Have to Say
- Jan -27 - Preferred Bank (PFBC) Misses Q4 Earnings Estimates
- Jan -27 - Preferred Bank Reports Fourth Quarter and Annual Results
- Jan -14 - Down -11.86% in 4 Weeks, Here's Why You Should You Buy the Dip in Preferred Bank (PFBC)
- Jan -10 - Preferred Bank Announces 2024 Fourth Quarter Earnings Release and Conference Call
- Jan -06 - Focus on 3 Stocks That Announced Dividend Hikes Amid Market Volatility
- Dec -31 - Preferred Bank Rewards Shareholders With 7.1% Dividend Increase
- Dec -26 - Preferred Bank Announces Dividend Increase
- Dec -19 - Preferred Bank Announces Additional Q4 Expense
- Oct -21 - Preferred Bank (PFBC) Q3 2024 Earnings Call Transcript
- Oct -21 - Preferred Bank (PFBC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
- Oct -21 - Preferred Bank (PFBC) Q3 Earnings and Revenues Surpass Estimates
- Oct -15 - Preferred Bank Announces 2024 Third Quarter Earnings Release and Conference Call
- Oct -04 - GOP's preferred bank, Chain Bridge, valued at $141 mln in lukewarm NYSE debut
- Sep -19 - Preferred Bank Announces Quarterly Cash Dividend
- Sep -03 - Preferred Bank Gets Regulatory Nod to Continue Share Repurchase Plan
- Aug -30 - Preferred Bank Announces Approval to Continue Share Repurchase Plan
- Aug -29 - Preferred Bank: Solid Upside Should Continue Despite Some Weaknesses
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Banking and Related Activities
Expected Growth : 1.0 %
What the company do ?
Preferred Bank's Banking and Related Activities segment offers a range of financial services, including deposits, loans, and credit facilities to individuals and businesses.
Why we expect these perspectives ?
Preferred Bank's 1.0 growth in Banking and Related Activities is driven by increasing demand for commercial loans, expansion into new markets, and strategic partnerships. Additionally, the bank's focus on digital transformation, cost control measures, and a strong risk management framework have contributed to its growth.
Preferred Bank Products
| Product Range | What is it ? |
|---|---|
| Commercial Loans | Preferred Bank offers a range of commercial loans to help businesses achieve their goals, including term loans, lines of credit, and construction loans. |
| Treasury Management | Preferred Bank's treasury management services help businesses manage their cash flow, reduce fraud risk, and optimize their financial operations. |
| Cash Management | Preferred Bank's cash management services provide businesses with tools to manage their cash flow, including account analysis, sweep accounts, and zero-balance accounting. |
| International Banking | Preferred Bank's international banking services facilitate global trade and commerce, including import and export financing, letter of credit, and foreign exchange services. |
| Private Banking | Preferred Bank's private banking services provide personalized financial solutions for high net worth individuals, including investment management, trust services, and wealth planning. |
| Mortgage Lending | Preferred Bank offers a range of mortgage loan options for homeowners and investors, including residential and commercial mortgages. |
| Deposit Services | Preferred Bank's deposit services include a range of checking and savings accounts, certificates of deposit, and individual retirement accounts. |
Preferred Bank's Porter Forces
Threat Of Substitutes
Preferred Bank's customers have some alternatives, but they are not very attractive, and the switching costs are relatively high.
Bargaining Power Of Customers
Preferred Bank's customers have limited bargaining power due to the lack of concentration in the market and the high switching costs.
Bargaining Power Of Suppliers
Preferred Bank's suppliers have some bargaining power due to the concentration of suppliers in the market, but the bank has some negotiating power due to its size.
Threat Of New Entrants
The threat of new entrants is low due to the high barriers to entry, such as regulatory requirements and the need for significant capital investment.
Intensity Of Rivalry
The intensity of rivalry is high due to the large number of competitors in the market, and the need for Preferred Bank to differentiate itself through its products and services.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 18.05% |
| Debt Cost | 9.00% |
| Equity Weight | 81.95% |
| Equity Cost | 9.00% |
| WACC | 9.00% |
| Leverage | 22.03% |
Preferred Bank : Quality Control
Preferred Bank passed 6 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| MBWM | Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the … |
| WABC | Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, … |
| UBFO | United Security Bancshares operates as the bank holding company for United Security Bank, a state-chartered bank that provides a range of commercial banking services to the business and professional community, … |
| OPBK | OP Bancorp operates as the bank holding company for Open Bank that provides banking products and services in California. It offers demand, checking, savings, money market, and time deposit accounts, … |
| BFIN | BankFinancial Corporation operates as the bank holding company for BankFinancial, National Association that provides various commercial, family, and personal banking products and services. The company accepts various deposit products, including … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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United Security Bancshares
A-Score
1-Year Total Return ->
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OpenBank
A-Score
1-Year Total Return ->
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Preferred Bank
A-Score
1-Year Total Return ->
4
BankFinancial
A-Score
1-Year Total Return ->
5
Westamerica
A-Score
1-Year Total Return ->
6
