PFBC Stock Summary and Trading Ideas (Preferred Bank | NASDAQ:PFBC)

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.

Preferred Bank trades on the NASDAQ stock market under the symbol PFBC.

As of April 18, 2024, PFBC stock price climbed to $71.96 with 2,682 million shares trading.

PFBC has a beta of 0.96, meaning it tends to be less sensitive to market movements. PFBC has a correlation of 0.17 to the broad based SPY ETF.

PFBC has a market cap of $989.68 million. This is considered a Small Cap stock.

Last quarter Preferred Bank reported $69 million in Revenue and $2.60 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.06.

In the last 3 years, PFBC stock traded as high as $81.97 and as low as $42.42.

The top ETF exchange traded funds that PFBC belongs to (by Net Assets): IJR, VTI, SCHD, IWM, VXF.

PFBC has outperformed the market in the last year with a price return of +45.5% while the SPY ETF gained +22.6%. However, in the short term, PFBC had mixed performance relative to the market. It has underperformed in the last 3 months, returning +3.1% vs +6.4% return in SPY. But in the last 2 weeks, PFBC shares have fared better than the market returning -2.5% compared to SPY -3.6%.

PFBC support price is $70.12 and resistance is $72.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PFBC stock will trade within this expected range on the day.