Preferred BankPFBC

$99.04+0.65 (+0.66%)
NASDAQFinancial Services24:00 UTC

Company snapshot

Market Cap
$1B
Small-cap
+173%
2016 — today
10-Year Price
+209%
2016 — today
52-Week Range
$82.72$102.45
Current $99.04· 83%

Preferred Bank offers a wide array of commercial banking products and services throughout the United States. Its primary clients include small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, various professionals, and high-net-worth individuals. The institution provides diverse deposit options, such as checking, savings, and money market accounts. They also feature fixed-rate and fixed-maturity certificates of deposit for both retail and non-retail clients, along with individual retirement accounts. On the lending side, Preferred Bank extends real estate mortgage loans secured by a variety of properties, including retail, industrial, office, special purpose, and residential (single and multi-family) assets. They also finance real estate construction projects and offer commercial loans like working capital lines of credit, term loans for capital expenditures, and both commercial and standby letters of credit, in addition to SBA loans. Furthermore, the bank provides extensive trade finance solutions. These encompass commercial and export letters of credit, import lines of credit, international wire transfers, documentary collections, acceptance/trust receipt financing products, export financing, and bills purchase programs. Specialized high-wealth banking services are available for affluent individuals residing in the Pacific Rim region. The bank also supports modern financial management through remote deposit capture, as well as online and mobile banking platforms. Dedicated banking services are provided to professionals such as physicians, accountants, attorneys, and business managers. Manufacturing, service, and distribution companies can benefit from safe deposit boxes, account reconciliation, courier services, and comprehensive cash management solutions. As of December 31, 2021, Preferred Bank operated eleven full-service branch locations across California, including Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco. An additional branch is situated in Flushing, New York. The bank was established in 1991 and maintains its headquarters in Los Angeles, California.

Valuation in context

P/E ratio
9.2
Below average
Below the 10-year average
P/B ratio
1.6
Below average
Below the 10-year average
EV / EBITDA
4.1
Above average
Pricier than usual over the last 10 years
Dividend Yield
3.1%
Above average
Above the 10-year average
PEG ratio
0.6
Above average
Pricier than usual over the last 10 years
FCF Yield
13.7%
Above average
Above the 10-year average
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