In a report released today, Gary Tenner from D.A. Davidson maintained a Hold rating on Preferred Bank (PFBC – Research Report), with a price target of $86.00. The company’s shares closed yesterday at $76.94.
Tenner covers the Financial sector, focusing on stocks such as Banc of California, Western Alliance, and Hancock Whitney. According to TipRanks, Tenner has an average return of 10.5% and a 59.38% success rate on recommended stocks.
Preferred Bank has an analyst consensus of Moderate Buy, with a price target consensus of $84.33.
PFBC market cap is currently $1.15B and has a P/E ratio of 7.31.
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Preferred Bank (PFBC) Company Description:
Preferred Bank operates as an independent commercial bank. It offers real estate financing for residential, commercial, industrial, and other income producing properties. Its business and consumer products include checking, savings, money market, and certificate of deposit accounts. The firm also offers treasury management services such as account reconciliation, remote deposit, cash and check courier services, merchant processing, and ACH credit origination. The company was founded by Li Yu on December 23, 1991 and is headquartered in Los Angeles, CA.
