Preferred Bank (NASDAQ:NASDAQ:PFBC) Q2 2022 Earnings Conference Call July 21, 2022 2:00 P.M. ET Company Participants Jeffrey Haas - Investor Relations, Financial Profiles, Inc.
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Preferred Bank press release (PFBC): Q2 GAAP EPS of $1.87 beats by $0.08.Revenue of $59.02M (+31.1% Y/Y) beats by $1.91M.Linked quarter loan growth (Ex-PPP) of 7.4%Return on…
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LOS ANGELES, July 13, 2022 (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 second quarter ended June 30, 2022 after the close of market on Wednesday, July 20, 2022. On the following day, Thursday, July 21, 2022, 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.
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On Friday, shares of Preferred Bank (NASDAQ: PFBC ) experienced volatile short activity. After the activity, the stock price went down -0.49% to $68.51. The overall sentiment for PFBC has been Bearish. The signal from the volatility alert is trending Bullish . Therefore, the recommendation is to Decrease Short Exposure. The volatility alert was produced on the prior trading date, 7/8/2022, with a volatility change of +54.61%. The current volatility indicator stands at 8.866. Overview: The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the … Full story available on Benzinga.com
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Upgrades For Pacific Premier Bancorp Inc (NASDAQ: PPBI ), Raymond James upgraded the previous rating of Outperform to Strong Buy. In the first quarter, Pacific Premier Bancorp showed an EPS of $0.70, compared to $0.72 from the year-ago quarter. At the moment, the stock has a 52-week-high of $45.24 and a 52-week-low of $27.92. Pacific Premier Bancorp closed at $30.08 at the end of the last trading period. For Heritage Commerce Corp (NASDAQ: HTBK ), Raymond James upgraded the previous rating of Outperform to Strong Buy. For the first quarter, Heritage Commerce had an EPS of $0.21, compared to year-ago quarter EPS of $0.19. The current stock performance of Heritage Commerce shows a 52-week-high of $12.94 and a 52-week-low of $10.43. Moreover, at the end of the last trading period, the closing price was at $10.82. Citigroup upgraded the previous rating for Lamar Advertising Co (NASDAQ: LAMR ) from Neutral to Buy. In the first quarter, Lamar Advertising showed an EPS of $0.91, compared to $0.38 from the year-ago quarter.
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LOS ANGELES, May 11, 2022 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC) , one of the larger independent commercial banks in California, today announced that Ms. Shirley Wang, Director has tendered her resignation from the Bank’s Board of Directors. Ms. Wang’s departure is for personal reasons and is not the result of any disagreements with management or accounting irregularities.
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LOS ANGELES, July 20, 2021 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC) , one of the larger independent California banks, today reported results for the quarter ended June 30, 2021. Preferred Bank (the Bank) reported net income of $21.5 million or $1.44 per diluted share for the second quarter of 2021. This is up slightly from net income of $21.2 million or $1.42 per diluted share for the first quarter of 2021 and easily tops recorded net income of $15.3 million or $1.03 per diluted share for the second quarter of 2020. The primary reasons for the increase compared to the prior year is a $7.5 million decrease in the provision for credit losses this quarter, an increase in net interest income of $1.2 million, partially offset by an increase in noninterest expense of $630,000. When compared to the prior quarter, the provision for credit losses decreased by $1.4 million, noninterest income increased by $299,000 and noninterest expense decreased by $689,000. Net interest income however, decreased from the prior quarter due to a loan interest accrual adjustment of $2.
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LOS ANGELES, July 13, 2021 (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 second quarter ended June 30, 2021 after the close of market on Tuesday, July 20, 2021. On the following day, Wednesday, July 21, 2021, 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.
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LOS ANGELES, June 16, 2021 (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 dividend of $0.38 per share. The dividend is payable on July 21, 2021 to holders of record on July 7, 2021.
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LOS ANGELES, June 16, 2021 (GLOBE NEWSWIRE) -- Preferred Bank (the Bank), (Nasdaq: PFBC), one of the larger independent California banks, announced the completion of a public offering and sale of $150 million in aggregate principal amount of its 3.375% Fixed-to-Floating Rate Subordinated Notes due 2031 (the Notes). The aggregate public offering price was $150,000,000 and the aggregate underwriting discounts and commissions were $1,875,000. The Notes were sold at par, resulting in net proceeds, after discounts and estimated offering expenses, of approximately $147,650,000. The Bank has a BBB+ rating of its subordinated debt from the Kroll Bond Rating Agency.
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Preferred Bank (Los Angeles, CA) (PFBC) shares closed today at 0.3% below its 52 week high of $69.09, giving the company a market cap of $908M. The stock is currently up 38.1% year-to-date, up 123.1% over the past 12 months, and up 140.3% over the past five years. This week, the Dow Jones Industrial Average fell 1.0%, and the S&P 500 fell 1.3%. Trading Activity Trading volume this week was 29.8% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.2. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.The stock closed at 3.1% higher than its 5-day moving average, 3.3% higher than its 20-day moving average, and 14.5% higher than its 90-day moving average.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -12.8% The company's stock price performance over the past 12 months beats the peer average by 13.6%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Shares of Preferred Bank (NASDAQ:PFBC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $69.29 and last traded at $68.82, with a volume of 12 shares changing hands. The stock had previously closed at $68.18. A number of brokerages have issued reports on PFBC. Raymond James raised []
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Analysts expect Preferred Bank (NASDAQ:PFBC) to announce sales of $48.96 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Preferred Banks earnings. The highest sales estimate is $50.10 million and the lowest is $47.50 million. Preferred Bank posted sales of $43.61 million during the same quarter last year, []
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Preferred Bank (Los Angeles, CA) shares closed today at 1.3% below its 52 week high of $67.34, giving the company a market cap of $876M. The stock is currently up 33.3% year-to-date, up 82.0% over the past 12 months, and up 148.0% over the past five years. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 2.7%. Trading Activity Trading volume this week was 54.1% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.3. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -14.9% The company's stock price performance over the past 12 months beats the peer average by 28.6%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Preferred Bank shares closed 0.8% higher than its previous 52 week high, giving the company a market cap of $865M. The stock is currently up 30.9% year-to-date, up 65.2% over the past 12 months, and up 134.4% over the past five years. This week, the Dow Jones Industrial Average rose 5.1%, and the S&P 500 rose 4.5%. Trading Activity Trading volume this week was 18.8% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.4. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -22.6% The company's stock price performance over the past 12 months lags the peer average by -0.4%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Preferred Bank shares closed today at 0.4% below its 52 week high of $65.95, giving the company a market cap of $859M. The stock is currently up 30.0% year-to-date, up 52.8% over the past 12 months, and up 137.4% over the past five years. This week, the Dow Jones Industrial Average rose 3.3%, and the S&P 500 rose 2.1%. Trading Activity Trading volume this week was 4.7% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.3. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -22.3% The company's stock price performance over the past 12 months beats the peer average by 7.1%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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Preferred Bank shares closed today at 0.2% below its 52 week high of $63.32, giving the company a market cap of $833M. The stock is currently up 26.0% year-to-date, up 35.9% over the past 12 months, and up 128.3% over the past five years. This week, the Dow Jones Industrial Average rose 1.9%, and the S&P 500 rose 0.9%. Trading Activity Trading volume this week was 1.0% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.3. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -16.9% The company's stock price performance over the past 12 months beats the peer average by 13.1%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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ValuEngine lowered shares of Preferred Bank (NASDAQ:PFBC) from a sell rating to a strong sell rating in a research report released on Friday, ValuEngine reports. Other equities research analysts have also issued reports about the stock. Raymond James reiterated a hold rating on shares of Preferred Bank in a research note on Wednesday, September 9th. […]
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ValuEngine cut shares of Preferred Bank (NASDAQ:PFBC) from a sell rating to a strong sell rating in a report released on Friday morning, ValuEngine reports. PFBC has been the subject of several other reports. Piper Sandler lowered their target price on shares of Preferred Bank from $44.00 to $37.00 and set an overweight rating for […]
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Preferred Bank (NASDAQ:PFBC) released its quarterly earnings data on Monday. The bank reported $1.15 EPS for the quarter, beating the consensus estimate of $1.05 by $0.10, MarketWatch Earnings reports. Preferred Bank had a net margin of 31.17% and a return on equity of 15.03%. NASDAQ:PFBC opened at $33.43 on Tuesday. The company has a debt-to-equity […]
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Preferred Bank (PFBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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KUALA LUMPUR: Affin Bank Bhd is targeting to grow the cardholder base for both its debit and credit cards by 15 per cent next year. Group chief executive officer Kamarul Ariffin Mohd Jamil said Affin Bank currently has more than 900,000 debit and credit cardholders and aims to break the one million milestone next year through various campaigns and initiatives. “These campaigns are among the various initiatives by the bank to strengthen our relationship with customers and to constantly bring added value to customers as part of the bank’s progress to become the preferred bank,” he said. He told reporters this after presenting prizes to winners of the ‘Scootvaganza is Back’ campaign here today. The campaign, which ran from May 16 to Sept 16 this year, awarded lucky customers with Vespa scooters and bicycles for their spending with Affin cards. Apart from the Scootvaganza is Back campaign, Kamarul Ariffin said the bank is also running an Affin Cards Usage Campaign to reward Affin Cardmembers with 2.5 million Enrich Miles points from Nov 1 this year until Feb 29 next year. “Affin cardmembers will automatically earn entries by spending with their Affin cards,” he said.
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First Mid-Illinois Bancshares (NASDAQ:FMBH) and Preferred Bank (NASDAQ:PFBC) are both small-cap finance companies, but which is the better investment? We will contrast the two businesses based on the strength of their dividends, profitability, earnings, institutional ownership, risk, analyst recommendations and valuation. Institutional & Insider Ownership 30.5% of First Mid-Illinois Bancshares shares are held by institutional […]
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Preferred Bank (PFBC) delivered earnings and revenue surprises of 2.34% and 0.01%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
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Preferred Bank (PFBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Preferred Bank (PFBC) delivered earnings and revenue surprises of 4.84% and -0.43%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
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Preferred Bank (PFBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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