Preferred Bank

Company Profile

Preferred Bank had its IPO on 1998-04-07 under the ticker symbol PFBC.

The company operates in the Financial Services sector and Banks-Regional industry. Preferred Bank has a staff strength of 299 employees.

Stock update

Shares of Preferred Bank opened at $61.82 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $61.06 - $63.06, and closed at $62.32.

This is a -0.05% slip from the previous day's closing price.

A total volume of 43,766 shares were traded at the close of the day’s session.

In the last one week, shares of Preferred Bank have slipped by -1.81%.

Preferred Bank's Key Ratios

Preferred Bank has a market cap of $869.44 million, indicating a price to book ratio of 1.7434 and a price to sales ratio of 4.5023.

In the last 12-months Preferred Bank’s revenue was $279.41 million with a gross profit of $242.03 million and an EBITDA of $0. The EBITDA ratio measures Preferred Bank's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Preferred Bank’s operating margin was 77.11% while its return on assets stood at 2.34% with a return of equity of 23.92%.

In Q2, Preferred Bank’s quarterly earnings growth was a positive 39.6% while revenue growth was a positive 31.7%.

Preferred Bank’s PE and PEG Ratio

Forward PE

7.1124

Trailing PE

6.0534

PEG

1.83

Its diluted EPS in the last 12-months stands at $10.3 per share while it has a forward price to earnings multiple of 7.1124 and a PEG multiple of 1.83. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Preferred Bank’s profitability.

Preferred Bank stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 4.5023.

Preferred Bank stock pays annual dividends of $2.08 per share, indicating a yield of 3.53% and a payout ratio of 20.14%.

Balance sheet and cash flow metrics

Total Assets

$6.67 billion

Total Liabilities

$7.00 million

Operating Cash Flow

$0

Capital Expenditure

$495000

Dividend Payout Ratio

20.14%

Preferred Bank ended 2024 with $6.67 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.67 billion while shareholder equity stood at $668.77 million.

Preferred Bank ended 2024 with $0 in deferred long-term liabilities, $7.00 million in other current liabilities, 210882000.00 in common stock, $535.37 million in retained earnings and $0 in goodwill. Its cash balance stood at $1.03 billion and cash and short-term investments were $1.38 billion. The company’s total short-term debt was $0 while long-term debt stood at $298.11 million.

Preferred Bank’s total current assets stands at $1.41 billion while long-term investments were $431.21 million and short-term investments were $352.55 million. Its net receivables were $28.18 million compared to accounts payable of $7.00 million and inventory worth $0.

In 2024, Preferred Bank's operating cash flow was $0 while its capital expenditure stood at $495000.

Comparatively, Preferred Bank paid $0.20 in dividends in 2024.

Other key metrics

Current Trading Price

$62.32

52-Week High

$75.6171

52-Week Low

$42.0025

Analyst Target Price

$71.25

Preferred Bank stock is currently trading at $62.32 per share. It touched a 52-week high of $75.6171 and a 52-week low of $75.6171. Analysts tracking the stock have a 12-month average target price of $71.25.

Its 50-day moving average was $62.52 and 200-day moving average was $60.91 The short ratio stood at 8.55 indicating a short percent outstanding of 0%.

Around 831.8% of the company’s stock are held by insiders while 7999.1% are held by institutions.