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Initiation
Preferred Bank assumed with an Overweight at Piper Sandler » 06:57
06/04/20
06/04
06:57
06/04/20
06:57
PFBC

Preferred Bank

$40.11 /

+1.945 (+5.10%)

Piper Sandler analyst…

Piper Sandler analyst Nicholas Cucharale assumed coverage of Preferred Bank with an Overweight rating and $45 price target. The analyst views the stock's valuation as "compelling" and believes an above peer multiple is warranted given Preferred Bank's "superior profitability profile and robust capital position."

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PFBC Preferred Bank
$40.11 /

+1.945 (+5.10%)

PFBC Preferred Bank
$40.11 /

+1.945 (+5.10%)

01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
10/17/19 Janney Montgomery Scott
Preferred Bank downgraded to Neutral from Buy at Janney Montgomery Scott
08/21/19 B. Riley FBR
Preferred Bank downgraded to Neutral on tougher rate environment at B. Riley FBR
PFBC Preferred Bank
$40.11 /

+1.945 (+5.10%)

Conference/Events
DA Davidson to hold a virtual conference » 04:55
05/08/20
05/08
04:55
05/08/20
04:55
AX

Axos Financial

$20.47 /

+0.25 (+1.24%)

, BANC

Banc of California

$9.88 /

+0.35 (+3.67%)

, BANR

Banner Corp.

$33.78 /

+0.2 (+0.60%)

, NFBK

Northfield Bancorp

$10.83 /

+0.24 (+2.27%)

, IBCP

Independent Bank

$13.17 /

+0.04 (+0.30%)

, HTLF

Heartland Financial

$30.88 /

+0.24 (+0.78%)

, PFBC

Preferred Bank

$34.03 /

+0.69 (+2.07%)

, OSBC

Old Second Bancorp

$6.75 /

-0.07 (-1.03%)

, UMPQ

Umpqua Holdings

$10.88 /

-0.01 (-0.09%)

, TSC

TriState Capital

$13.20 /

+0.27 (+2.09%)

, UBSI

United Bankshares

$26.15 /

-0.4 (-1.51%)

, BMRC

Bank of Marin

$29.46 /

-0.56 (-1.87%)

, CZWI

Citizens Community Bancorp

$7.87 /

-0.09 (-1.13%)

, EFSC

Enterprise Financial

$27.42 /

-0.85 (-3.01%)

, WTFC

Wintrust Financial

$36.26 /

+0.51 (+1.43%)

, PEBO

Peoples Bancorp

$21.24 /

-0.11 (-0.52%)

, ALRS

Alerus Financial

$16.89 /

-0.39 (-2.26%)

, HMST

HomeStreet

$22.76 /

+0.19 (+0.84%)

22nd Annual Financial…

22nd Annual Financial Institutions Virtual Conference will be held on May 6-8. Webcast Link

ShowHide Related Items >><<
AX Axos Financial
$20.47 /

+0.25 (+1.24%)

04/30/20 Wedbush
Axos Financial price target raised to $27 from $21 at Wedbush
01/09/20 B. Riley FBR
Axos, Meta Financial among FBR's top Banks & Thrifts picks for 2020
12/18/19
Fly Intel: Top five analyst initiations
12/17/19 Wedbush
Axos Financial initiated with an Outperform at Wedbush
BANC Banc of California
$9.88 /

+0.35 (+3.67%)

04/13/20 B. Riley FBR
Banc of California upgraded to Neutral from Sell at B. Riley FBR
02/11/20 B. Riley FBR
Banc of California buyback program a 'modest positive,' says B. Riley FBR
01/24/20 B. Riley FBR
B. Riley downgrades Banc of California to Sell, says strategic sale unlikely
01/24/20 B. Riley FBR
Banc of California downgraded to Sell from Neutral at B. Riley FBR
BANR Banner Corp.
$33.78 /

+0.2 (+0.60%)

04/01/20 Keefe Bruyette
Banner Corp. upgraded to Outperform from Market Perform at Keefe Bruyette
06/11/19
Banner Corp. upgraded to Buy from Neutral at DA Davidson
06/11/19 DA Davidson
Banner Corp. upgraded to Buy from Neutral at DA Davidson
NFBK Northfield Bancorp
$10.83 /

+0.24 (+2.27%)

IBCP Independent Bank
$13.17 /

+0.04 (+0.30%)

04/01/20 Keefe Bruyette
Independent Bank upgraded to Outperform from Market Perform at Keefe Bruyette
01/17/20 DA Davidson
Independent Bank downgraded to Neutral from Buy at DA Davidson
HTLF Heartland Financial
$30.88 /

+0.24 (+0.78%)

01/28/20 Piper Sandler
Heartland Financial upgraded to Overweight from Neutral at Piper Sandler
PFBC Preferred Bank
$34.03 /

+0.69 (+2.07%)

01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
10/17/19 Janney Montgomery Scott
Preferred Bank downgraded to Neutral from Buy at Janney Montgomery Scott
08/21/19 B. Riley FBR
Preferred Bank downgraded to Neutral on tougher rate environment at B. Riley FBR
OSBC Old Second Bancorp
$6.75 /

-0.07 (-1.03%)

12/19/19 Piper Sandler
Old Second Bancorp initiated with an Overweight at Piper Jaffray
UMPQ Umpqua Holdings
$10.88 /

-0.01 (-0.09%)

01/02/20 Stephens
Stephens releases Best Ideas list for 2020
01/02/20 Stephens
Stephens upgrades Umpqua Holdings to Overweight on better expected profitability
01/02/20 Stephens
Umpqua Holdings upgraded to Overweight from Equal Weight at Stephens
07/19/19 Raymond James
Raymond James reiterates Outperform, but lowers target on Umpqua
TSC TriState Capital
$13.20 /

+0.27 (+2.09%)

01/30/20 Keefe Bruyette
TriState Capital downgraded to Market Perform from Outperform at Keefe Bruyette
09/25/19 B. Riley FBR
B. Riley FBR starts TriState Capital with Buy on earnings growth potential
09/24/19 B. Riley FBR
TriState Capital initiated with a Buy at B. Riley FBR
UBSI United Bankshares
$26.15 /

-0.4 (-1.51%)

05/04/20 Raymond James
United Bankshares downgraded to Market Perform from Outperform at Raymond James
05/04/20 Raymond James
United Bankshares downgraded to Market Perform from Outperform at Raymond James
04/06/20 Raymond James
United Bankshares upgraded to Outperform from Market Perform at Raymond James
04/06/20 Raymond James
United Bankshares upgraded to Outperform from Market Perform at Raymond James
BMRC Bank of Marin
$29.46 /

-0.56 (-1.87%)

CZWI Citizens Community Bancorp
$7.87 /

-0.09 (-1.13%)

EFSC Enterprise Financial
$27.42 /

-0.85 (-3.01%)

04/22/20 Raymond James
Enterprise Financial price target lowered to $33 from $35 at Raymond James
09/19/19 Raymond James
Enterprise Financial initiated with an Outperform at Raymond James
WTFC Wintrust Financial
$36.26 /

+0.51 (+1.43%)

04/06/20 Raymond James
Wintrust Financial upgraded to Strong Buy from Outperform at Raymond James
04/01/20 Keefe Bruyette
Wintrust Financial upgraded to Outperform from Market Perform at Keefe Bruyette
03/06/20 SunTrust
SunTrust cuts price targets on Banks amid lower interest rate environment
01/22/20 Keefe Bruyette
Wintrust downgraded to Market Perform from Outperform at Keefe Bruyette
PEBO Peoples Bancorp
$21.24 /

-0.11 (-0.52%)

01/10/20 DA Davidson
DA Davidson upgrades Peoples Bancorp to Buy, says loan growth underestimated
01/10/20 DA Davidson
Peoples Bancorp upgraded to Buy from Neutral at DA Davidson
ALRS Alerus Financial
$16.89 /

-0.39 (-2.26%)

10/08/19 DA Davidson
Alerus Financial initiated with a Neutral at DA Davidson
10/08/19 Raymond James
Alerus Financial positioned to deliver 'steady' EPS advances, says Raymond James
10/08/19 Raymond James
Alerus Financial initiated with an Outperform rating at Raymond James
10/08/19 DA Davidson
Alerus Financial initiated with a Neutral rating at DA Davidson
HMST HomeStreet
$22.76 /

+0.19 (+0.84%)

03/16/20 DA Davidson
HomeStreet upgraded to Buy from Neutral at DA Davidson
03/16/20 DA Davidson
HomeStreet upgraded to Buy from Neutral at DA Davidson
08/16/19 DA Davidson
HomeStreet upgraded to Neutral from Underperform at DA Davidson
Conference/Events
DA Davidson to hold a virtual conference » 04:55
05/07/20
05/07
04:55
05/07/20
04:55
AX

Axos Financial

$20.22 /

-0.69 (-3.30%)

, BANC

Banc of California

$9.53 /

-0.2 (-2.06%)

, BANR

Banner Corp.

$33.58 /

-1.38 (-3.95%)

, NFBK

Northfield Bancorp

$10.59 /

-0.22 (-2.04%)

, IBCP

Independent Bank

$13.13 /

-0.77 (-5.54%)

, HTLF

Heartland Financial

$30.64 /

-1.2 (-3.77%)

, PFBC

Preferred Bank

$33.34 /

-1.69 (-4.82%)

, OSBC

Old Second Bancorp

$6.82 /

-0.44 (-6.06%)

, UMPQ

Umpqua Holdings

$10.89 /

-0.45 (-3.97%)

, TSC

TriState Capital

$12.93 /

-0.46 (-3.44%)

, UBSI

United Bankshares

$26.55 /

-0.96 (-3.49%)

, BMRC

Bank of Marin

$30.02 /

-0.39 (-1.28%)

, CZWI

Citizens Community Bancorp

$7.96 /

+0.16 (+2.05%)

, EFSC

Enterprise Financial

$28.27 /

-1.14 (-3.88%)

, WTFC

Wintrust Financial

$35.75 /

-2.4 (-6.29%)

, PEBO

Peoples Bancorp

$21.35 /

-0.53 (-2.42%)

, ALRS

Alerus Financial

$17.28 /

+ (+0.00%)

, HMST

HomeStreet

$22.57 /

-0.51 (-2.21%)

22nd Annual Financial…

22nd Annual Financial Institutions Virtual Conference will be held on May 6-8. Webcast Link

ShowHide Related Items >><<
AX Axos Financial
$20.22 /

-0.69 (-3.30%)

04/30/20 Wedbush
Axos Financial price target raised to $27 from $21 at Wedbush
01/09/20 B. Riley FBR
Axos, Meta Financial among FBR's top Banks & Thrifts picks for 2020
12/18/19
Fly Intel: Top five analyst initiations
12/17/19 Wedbush
Axos Financial initiated with an Outperform at Wedbush
BANC Banc of California
$9.53 /

-0.2 (-2.06%)

04/13/20 B. Riley FBR
Banc of California upgraded to Neutral from Sell at B. Riley FBR
02/11/20 B. Riley FBR
Banc of California buyback program a 'modest positive,' says B. Riley FBR
01/24/20 B. Riley FBR
B. Riley downgrades Banc of California to Sell, says strategic sale unlikely
01/24/20 B. Riley FBR
Banc of California downgraded to Sell from Neutral at B. Riley FBR
BANR Banner Corp.
$33.58 /

-1.38 (-3.95%)

04/01/20 Keefe Bruyette
Banner Corp. upgraded to Outperform from Market Perform at Keefe Bruyette
06/11/19
Banner Corp. upgraded to Buy from Neutral at DA Davidson
06/11/19 DA Davidson
Banner Corp. upgraded to Buy from Neutral at DA Davidson
NFBK Northfield Bancorp
$10.59 /

-0.22 (-2.04%)

IBCP Independent Bank
$13.13 /

-0.77 (-5.54%)

04/01/20 Keefe Bruyette
Independent Bank upgraded to Outperform from Market Perform at Keefe Bruyette
01/17/20 DA Davidson
Independent Bank downgraded to Neutral from Buy at DA Davidson
HTLF Heartland Financial
$30.64 /

-1.2 (-3.77%)

01/28/20 Piper Sandler
Heartland Financial upgraded to Overweight from Neutral at Piper Sandler
PFBC Preferred Bank
$33.34 /

-1.69 (-4.82%)

01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
10/17/19 Janney Montgomery Scott
Preferred Bank downgraded to Neutral from Buy at Janney Montgomery Scott
08/21/19 B. Riley FBR
Preferred Bank downgraded to Neutral on tougher rate environment at B. Riley FBR
OSBC Old Second Bancorp
$6.82 /

-0.44 (-6.06%)

12/19/19 Piper Sandler
Old Second Bancorp initiated with an Overweight at Piper Jaffray
UMPQ Umpqua Holdings
$10.89 /

-0.45 (-3.97%)

01/02/20 Stephens
Stephens releases Best Ideas list for 2020
01/02/20 Stephens
Stephens upgrades Umpqua Holdings to Overweight on better expected profitability
01/02/20 Stephens
Umpqua Holdings upgraded to Overweight from Equal Weight at Stephens
07/19/19 Raymond James
Raymond James reiterates Outperform, but lowers target on Umpqua
TSC TriState Capital
$12.93 /

-0.46 (-3.44%)

01/30/20 Keefe Bruyette
TriState Capital downgraded to Market Perform from Outperform at Keefe Bruyette
09/25/19 B. Riley FBR
B. Riley FBR starts TriState Capital with Buy on earnings growth potential
09/24/19 B. Riley FBR
TriState Capital initiated with a Buy at B. Riley FBR
UBSI United Bankshares
$26.55 /

-0.96 (-3.49%)

05/04/20 Raymond James
United Bankshares downgraded to Market Perform from Outperform at Raymond James
05/04/20 Raymond James
United Bankshares downgraded to Market Perform from Outperform at Raymond James
04/06/20 Raymond James
United Bankshares upgraded to Outperform from Market Perform at Raymond James
04/06/20 Raymond James
United Bankshares upgraded to Outperform from Market Perform at Raymond James
BMRC Bank of Marin
$30.02 /

-0.39 (-1.28%)

CZWI Citizens Community Bancorp
$7.96 /

+0.16 (+2.05%)

EFSC Enterprise Financial
$28.27 /

-1.14 (-3.88%)

04/22/20 Raymond James
Enterprise Financial price target lowered to $33 from $35 at Raymond James
09/19/19 Raymond James
Enterprise Financial initiated with an Outperform at Raymond James
WTFC Wintrust Financial
$35.75 /

-2.4 (-6.29%)

04/06/20 Raymond James
Wintrust Financial upgraded to Strong Buy from Outperform at Raymond James
04/01/20 Keefe Bruyette
Wintrust Financial upgraded to Outperform from Market Perform at Keefe Bruyette
03/06/20 SunTrust
SunTrust cuts price targets on Banks amid lower interest rate environment
01/22/20 Keefe Bruyette
Wintrust downgraded to Market Perform from Outperform at Keefe Bruyette
PEBO Peoples Bancorp
$21.35 /

-0.53 (-2.42%)

01/10/20 DA Davidson
DA Davidson upgrades Peoples Bancorp to Buy, says loan growth underestimated
01/10/20 DA Davidson
Peoples Bancorp upgraded to Buy from Neutral at DA Davidson
ALRS Alerus Financial
$17.28 /

+ (+0.00%)

10/08/19 DA Davidson
Alerus Financial initiated with a Neutral at DA Davidson
10/08/19 Raymond James
Alerus Financial positioned to deliver 'steady' EPS advances, says Raymond James
10/08/19 Raymond James
Alerus Financial initiated with an Outperform rating at Raymond James
10/08/19 DA Davidson
Alerus Financial initiated with a Neutral rating at DA Davidson
HMST HomeStreet
$22.57 /

-0.51 (-2.21%)

03/16/20 DA Davidson
HomeStreet upgraded to Buy from Neutral at DA Davidson
03/16/20 DA Davidson
HomeStreet upgraded to Buy from Neutral at DA Davidson
08/16/19 DA Davidson
HomeStreet upgraded to Neutral from Underperform at DA Davidson
Conference/Events
DA Davidson to hold a virtual conference » 08:55
05/06/20
05/06
08:55
05/06/20
08:55
AX

Axos Financial

$20.91 /

-0.84 (-3.86%)

, BANC

Banc of California

$9.73 /

+0.01 (+0.10%)

, BANR

Banner Corp.

$34.96 /

-1.15 (-3.18%)

, NFBK

Northfield Bancorp

$10.81 /

-0.27 (-2.44%)

, IBCP

Independent Bank

$13.90 /

-0.41 (-2.87%)

, HTLF

Heartland Financial

$31.84 /

-0.8 (-2.45%)

, PFBC

Preferred Bank

$35.03 /

-1.11 (-3.07%)

, OSBC

Old Second Bancorp

$7.26 /

-0.34 (-4.47%)

, UMPQ

Umpqua Holdings

$11.34 /

-0.33 (-2.83%)

, TSC

TriState Capital

$13.39 /

-0.44 (-3.18%)

, UBSI

United Bankshares

$27.51 /

-0.95 (-3.34%)

, BMRC

Bank of Marin

$30.41 /

-0.52 (-1.68%)

, CZWI

Citizens Community Bancorp

$7.80 /

-0.08 (-1.02%)

, EFSC

Enterprise Financial

$29.41 /

-0.23 (-0.78%)

, WTFC

Wintrust Financial

$37.87 /

-0.96 (-2.47%)

, PEBO

Peoples Bancorp

$21.88 /

-0.94 (-4.12%)

, ALRS

Alerus Financial

$17.28 /

+0.125 (+0.73%)

, HMST

HomeStreet

$23.08 /

-0.68 (-2.86%)

22nd Annual Financial…

22nd Annual Financial Institutions Virtual Conference will be held on May 6-8. Webcast Link

ShowHide Related Items >><<
AX Axos Financial
$20.91 /

-0.84 (-3.86%)

04/30/20 Wedbush
Axos Financial price target raised to $27 from $21 at Wedbush
01/09/20 B. Riley FBR
Axos, Meta Financial among FBR's top Banks & Thrifts picks for 2020
12/18/19
Fly Intel: Top five analyst initiations
12/17/19 Wedbush
Axos Financial initiated with an Outperform at Wedbush
BANC Banc of California
$9.73 /

+0.01 (+0.10%)

04/13/20 B. Riley FBR
Banc of California upgraded to Neutral from Sell at B. Riley FBR
02/11/20 B. Riley FBR
Banc of California buyback program a 'modest positive,' says B. Riley FBR
01/24/20 B. Riley FBR
B. Riley downgrades Banc of California to Sell, says strategic sale unlikely
01/24/20 B. Riley FBR
Banc of California downgraded to Sell from Neutral at B. Riley FBR
BANR Banner Corp.
$34.96 /

-1.15 (-3.18%)

04/01/20 Keefe Bruyette
Banner Corp. upgraded to Outperform from Market Perform at Keefe Bruyette
06/11/19
Banner Corp. upgraded to Buy from Neutral at DA Davidson
06/11/19 DA Davidson
Banner Corp. upgraded to Buy from Neutral at DA Davidson
NFBK Northfield Bancorp
$10.81 /

-0.27 (-2.44%)

IBCP Independent Bank
$13.90 /

-0.41 (-2.87%)

04/01/20 Keefe Bruyette
Independent Bank upgraded to Outperform from Market Perform at Keefe Bruyette
01/17/20 DA Davidson
Independent Bank downgraded to Neutral from Buy at DA Davidson
HTLF Heartland Financial
$31.84 /

-0.8 (-2.45%)

01/28/20 Piper Sandler
Heartland Financial upgraded to Overweight from Neutral at Piper Sandler
PFBC Preferred Bank
$35.03 /

-1.11 (-3.07%)

01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
10/17/19 Janney Montgomery Scott
Preferred Bank downgraded to Neutral from Buy at Janney Montgomery Scott
08/21/19 B. Riley FBR
Preferred Bank downgraded to Neutral on tougher rate environment at B. Riley FBR
OSBC Old Second Bancorp
$7.26 /

-0.34 (-4.47%)

12/19/19 Piper Sandler
Old Second Bancorp initiated with an Overweight at Piper Jaffray
UMPQ Umpqua Holdings
$11.34 /

-0.33 (-2.83%)

01/02/20 Stephens
Stephens releases Best Ideas list for 2020
01/02/20 Stephens
Stephens upgrades Umpqua Holdings to Overweight on better expected profitability
01/02/20 Stephens
Umpqua Holdings upgraded to Overweight from Equal Weight at Stephens
07/19/19 Raymond James
Raymond James reiterates Outperform, but lowers target on Umpqua
TSC TriState Capital
$13.39 /

-0.44 (-3.18%)

01/30/20 Keefe Bruyette
TriState Capital downgraded to Market Perform from Outperform at Keefe Bruyette
09/25/19 B. Riley FBR
B. Riley FBR starts TriState Capital with Buy on earnings growth potential
09/24/19 B. Riley FBR
TriState Capital initiated with a Buy at B. Riley FBR
UBSI United Bankshares
$27.51 /

-0.95 (-3.34%)

05/04/20 Raymond James
United Bankshares downgraded to Market Perform from Outperform at Raymond James
05/04/20 Raymond James
United Bankshares downgraded to Market Perform from Outperform at Raymond James
04/06/20 Raymond James
United Bankshares upgraded to Outperform from Market Perform at Raymond James
04/06/20 Raymond James
United Bankshares upgraded to Outperform from Market Perform at Raymond James
BMRC Bank of Marin
$30.41 /

-0.52 (-1.68%)

CZWI Citizens Community Bancorp
$7.80 /

-0.08 (-1.02%)

EFSC Enterprise Financial
$29.41 /

-0.23 (-0.78%)

04/22/20 Raymond James
Enterprise Financial price target lowered to $33 from $35 at Raymond James
09/19/19 Raymond James
Enterprise Financial initiated with an Outperform at Raymond James
WTFC Wintrust Financial
$37.87 /

-0.96 (-2.47%)

04/06/20 Raymond James
Wintrust Financial upgraded to Strong Buy from Outperform at Raymond James
04/01/20 Keefe Bruyette
Wintrust Financial upgraded to Outperform from Market Perform at Keefe Bruyette
03/06/20 SunTrust
SunTrust cuts price targets on Banks amid lower interest rate environment
01/22/20 Keefe Bruyette
Wintrust downgraded to Market Perform from Outperform at Keefe Bruyette
PEBO Peoples Bancorp
$21.88 /

-0.94 (-4.12%)

01/10/20 DA Davidson
DA Davidson upgrades Peoples Bancorp to Buy, says loan growth underestimated
01/10/20 DA Davidson
Peoples Bancorp upgraded to Buy from Neutral at DA Davidson
ALRS Alerus Financial
$17.28 /

+0.125 (+0.73%)

10/08/19 DA Davidson
Alerus Financial initiated with a Neutral at DA Davidson
10/08/19 Raymond James
Alerus Financial positioned to deliver 'steady' EPS advances, says Raymond James
10/08/19 Raymond James
Alerus Financial initiated with an Outperform rating at Raymond James
10/08/19 DA Davidson
Alerus Financial initiated with a Neutral rating at DA Davidson
HMST HomeStreet
$23.08 /

-0.68 (-2.86%)

03/16/20 DA Davidson
HomeStreet upgraded to Buy from Neutral at DA Davidson
03/16/20 DA Davidson
HomeStreet upgraded to Buy from Neutral at DA Davidson
08/16/19 DA Davidson
HomeStreet upgraded to Neutral from Underperform at DA Davidson
Earnings
Preferred Bank reports Q1 EPS $1.08, consensus $1.02 » 16:14
04/22/20
04/22
16:14
04/22/20
16:14
PFBC

Preferred Bank

$31.99 /

-0.13 (-0.40%)

"Our net interest…

"Our net interest margin for the quarter was a strong 3.70%. The FOMC's two rate cuts totaling 150 basis points has changed our Bank's interest rate sensitivity drastically. As of March 31, 2020, our loan portfolio comprised of 14.9% fixed rate loans, 19.4% is floating rate without a rate floor and 65.7% of loans are floating rate with a rate floor. With these March rate cuts, all but $28.2 million or 1.1% of these loans now have floor rates equal to or higher than the coupon rate. Due to this, Preferred Bank is now liability sensitive, after having been asset sensitive for a number of years. With the TCD portfolio continuously repricing out of higher coupons, we feel that any NIM compression will be a short-term event and improving gradually beginning March 18, 2020," said the company.

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PFBC Preferred Bank
$31.99 /

-0.13 (-0.40%)

01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
10/17/19 Janney Montgomery Scott
Preferred Bank downgraded to Neutral from Buy at Janney Montgomery Scott
08/21/19 B. Riley FBR
Preferred Bank downgraded to Neutral on tougher rate environment at B. Riley FBR
Over a quarter ago
Hot Stocks
Preferred Bank trading resumes  10:08
03/16/20
03/16
10:08
03/16/20
10:08
PFBC

Preferred Bank

$35.03 /

+ (+0.00%)

 
ShowHide Related Items >><<
PFBC Preferred Bank
$35.03 /

+ (+0.00%)

01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
10/17/19 Janney Montgomery Scott
Preferred Bank downgraded to Neutral from Buy at Janney Montgomery Scott
08/21/19 B. Riley FBR
Preferred Bank downgraded to Neutral on tougher rate environment at B. Riley FBR
Hot Stocks
Preferred Bank trading halted, volatility trading pause  09:58
03/16/20
03/16
09:58
03/16/20
09:58
PFBC

Preferred Bank

$35.03 /

+ (+0.00%)

 
ShowHide Related Items >><<
PFBC Preferred Bank
$35.03 /

+ (+0.00%)

01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
10/17/19 Janney Montgomery Scott
Preferred Bank downgraded to Neutral from Buy at Janney Montgomery Scott
08/21/19 B. Riley FBR
Preferred Bank downgraded to Neutral on tougher rate environment at B. Riley FBR
Earnings
Preferred Bank reports Q4 EPS $1.31, consensus $1.26 » 16:33
01/22/20
01/22
16:33
01/22/20
16:33
PFBC

Preferred Bank

$60.00 /

+0.09 (+0.15%)

This is down slightly…

This is down slightly from last quarter's net income of $20.0 million or $1.32 per diluted share but compares quite favorably to net income of $18.7 million or $1.22 per diluted share posted in the fourth quarter of 2018. The decrease from the prior quarter is due to net interest income which decreased mainly due to the Federal Open Market Committee rate cuts in September and late October of 2019, which impacted the Bank's loan yields. Net interest income before provision for loan and lease losses was $40.4 million for the fourth quarter of 2019. This is down from the $41.5 million recorded in the third quarter of 2019 and down from the $41.4 million posted in the fourth quarter of 2018.

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PFBC Preferred Bank
$60.00 /

+0.09 (+0.15%)

01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
10/17/19 Janney Montgomery Scott
Preferred Bank downgraded to Neutral from Buy at Janney Montgomery Scott
08/21/19 B. Riley FBR
Preferred Bank downgraded to Neutral on tougher rate environment at B. Riley FBR
Downgrade
Preferred Bank downgraded to Market Perform from Outperform at Raymond James » 08:42
01/07/20
01/07
08:42
01/07/20
08:42
PFBC

Preferred Bank

$59.21 /

-0.25 (-0.42%)

Raymond James analyst…

Raymond James analyst Donald Worthington downgraded Preferred Bank to Market Perform from Outperform. In a research note to investors, Worthington says he believes that the premium valuation is warranted, due to the bank's above-average profitability metrics, strong loan growth, excellent credit quality and sound capital ratios, but does not see a catalyst to move the share price appreciably in either direction over the near term and thinks shares are fairly valued at the current price.

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PFBC Preferred Bank
$59.21 /

-0.25 (-0.42%)

01/07/20 Raymond James
Preferred Bank downgraded to Market Perform from Outperform at Raymond James
10/17/19 Janney Montgomery Scott
Preferred Bank downgraded to Neutral from Buy at Janney Montgomery Scott
08/21/19 B. Riley FBR
Preferred Bank downgraded to Neutral on tougher rate environment at B. Riley FBR
08/21/19 B. Riley FBR
Preferred Bank downgraded to Neutral from Buy at B. Riley FBR
Downgrade
Preferred Bank downgraded to Market Perform from Outperform at Raymond James » 06:42
01/07/20
01/07
06:42
01/07/20
06:42
PFBC

Preferred Bank

$59.21 /

-0.25 (-0.42%)

Raymond James analyst…

Raymond James analyst Donald Worthington downgraded Preferred Bank to Market Perform from Outperform.

ShowHide Related Items >><<
PFBC Preferred Bank
$59.21 /

-0.25 (-0.42%)

10/17/19 Janney Montgomery Scott
Preferred Bank downgraded to Neutral from Buy at Janney Montgomery Scott
08/21/19 B. Riley FBR
Preferred Bank downgraded to Neutral on tougher rate environment at B. Riley FBR
08/21/19 B. Riley FBR
Preferred Bank downgraded to Neutral from Buy at B. Riley FBR
07/19/19 Raymond James
Preferred Bank downgraded to Outperform from Strong Buy at Raymond James

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