Preferred Bank of Los Angeles (NASDAQ: PFBC) has reported E.P.S. of $2.50 for its third fiscal quarter (ending September 30) versus $2.74 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $10.13 versus $10.77 for the same period a year ago.
Recent Price Action
On 10/21/24, Preferred Bank of Los Angeles (NASDAQ: PFBC) stock declined by -2.0%, closing at $81.63. Moreover, unusually high trading volume at 169% of normal accompanied the decline. The stock has declined -0.8% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PFBC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Preferred Bank of Los Angeles has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Preferred Bank of Los Angeles has a slightly positive Power Rating of 61 and a good Appreciation Score of 76, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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