Analysts have clear opinions on PFBC.
There are 5 analysts on the Wall offering 12 month price targets for Preferred Bank in the last 3 months. The average price target is $60.40 with a high forecast of $65.00 and a low forecast of $56.00. The average price target represents a 2.65% increase from the last price of $58.84.
Preferred Bank (PFBC) is followed by 5 analysts on the street.
Steve Moss from B.Riley FBR rates it a Hold with a target of $65.00.
Similarly, 8 days ago Donald Worthington of Raymond James Downgraded a Hold with a target of $56.00.
The consensus on the street is Hold.
What does Preferred Bank(PFBC) do ?
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.
Preferred Bank (PFBC) Insider Trades
Multiple company employees have indulged in significant insider trading. Preferred Bank disclosed the following in a document filed with the US Securities and Exchange Commission (SEC):
CEO, Pres, Swetman Chevis : S – Sale(-$5,016) of PFBC in the trading session of 2019-05-15.
CEO, Pres Swetman Chevis : P – Purchase(+$13,760) of PFBC in the trading session of 2018-09-10.
CEO, Pres Swetman Chevis : P – Purchase(+$27,204) of Preferred Bank in the trading session of 2018-08-29.
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