Preferred Bank (PFBC)

• Market cap: $1.25B
• 1 day: -0.16%
• 5 days: -1.77%
• 1 month: 11.30%
• 3 months: 18.44%
• 6 months: 28.11%
• Year to date: 28.53%
• 1 year: 45.28%
• 5 years: 70.19%
• 10 years: 266.11%

About: Preferred Bank is a commercial bank located in California. Its products and services are divided into Personal Banking, Business Banking, and Commercial Banking which includes Checking accounts, Savings accounts, CDs, Loans and Credit, Electronic banking and Treasury Management. It provides personalized deposit services, real estate finance, commercial loans, and trade finance credit facilities to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high-net-worth individuals. The bank generates a majority of its revenue from Southern and Northern California and Flushing.

Employees: 300

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

25% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 24

5% more capital invested

Capital invested by funds: $837M [Q2] → $882M (+$45.5M) [Q3]

3% more funds holding

Funds holding: 209 [Q2] → 215 (+6) [Q3]

0.74% less ownership

Funds ownership: 75.43% [Q2] → 74.69% (-0.74%) [Q3]

9% less repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 78

96% less call options, than puts

Call options by funds: $16K | Put options by funds: $401K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $94 0% upside
• Avg. target: $94 0% upside
• High target: $94 0% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Stephens & Co. Andrew Terrell 91% 1-year accuracy 10 / 11 met price target

0% downside $94

Overweight Maintained

22 Oct 2024