Preferred Bank Stock Fair Value – Preferred Bank Set to Earn $10.44 Per Share in FY2023, According to DA Davidson Forecast
November 4, 2023
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Preferred Bank ($NASDAQ:PFBC) (PB) is a leading banking institution headquartered in California and provides services to customers throughout the US. Recently, the financial services firm DA Davidson predicted that Preferred Bank will post earnings of $10.44 per share in FY2023. The prediction is based on a comprehensive analysis of the bank’s financial performance, future growth potential, and overall fundamentals. This prediction is encouraging news for Preferred Bank investors. As the bank continues to expand its services and increase its customer base, it is expected to further strengthen its earnings in FY2023.
In addition, the company’s focus on providing high-quality products and services at competitive prices has been instrumental in boosting customer loyalty and helping the bank stay ahead of the competition. With the expectation of strong earnings in FY2023, investors can look forward to potential gains in the stock’s price. As such, this prediction could be seen as a great opportunity for investors to buy into Preferred Bank’s potential for long-term growth and success.
Earnings
Despite the decrease, PREFERRED BANK has seen an increase in total revenue from 1.43M USD to 1.48M USD in the last 3 years. This could be a great opportunity for investors to capitalize on PREFERRED BANK’s growth potential.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Preferred Bank. More…
| Total Revenues | Net Income | Net Margin |
| – | 150.76 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Preferred Bank. More…
| Operations | Investing | Financing |
| 197.66 | -180.45 | 263.88 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Preferred Bank. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.67k | 6k | – |
Key Ratios Snapshot
Some of the financial key ratios for Preferred Bank are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.2% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Price History
Monday marked a new week for PREFERRED BANK, as the stock opened at $60.7 and closed at $60.0, down by 0.2% from its previous closing price of 60.1. Despite the slight decline, recent news from the financial services company is positive. For investors, this is great news, as it signals a bright future for the company’s stock. With more projections coming in, investors can expect PREFERRED BANK to soar further in the stock market. Live Quote…
Analysis – Preferred Bank Stock Fair Value
We, at GoodWhale, conducted an analysis of PREFERRED BANK‘s financials and our proprietary Valuation Line determined that the fair value of PREFERRED BANK share is around $89.4. This implies that PREFERRED BANK shares are currently undervalued by 32.9%, as it is trading at just $60.0. At this price, investors have an attractive opportunity to buy the stock at a cheaper price than its intrinsic worth. More…
Peers
The bank has over $11 billion in assets and operates over 60 branches in California, Texas, New York, Illinois, and Nevada. The bank offers a full range of banking services, including deposits, loans, credit cards, and online banking. The bank’s primary competitors are Touchmark Bancshares Inc, Solvay Bank, and PCB Bancorp.
– Touchmark Bancshares Inc ($OTCPK:TMAK)
Mark cap for Touchmark Bancshares Inc has been on a steady decline since 2016. In 2016, the market cap was $16.4 million. As of 2022, the market cap has declined to $13.9 million. The company provides banking and financial services to businesses and individuals in the United States. The company has a network of branches in Arizona, Colorado, and Texas.
– Solvay Bank ($OTCPK:SOBS)
Solvay Bank is a regional bank headquartered in Solvay, New York. The Bank has 36 full-service branches serving the Central New York market, which includes the cities of Syracuse, Rochester and Albany. Solvay Bank offers a full range of personal and business banking products and services, including checking and savings accounts, loans, mortgages, credit cards and investment services. The Bank is a subsidiary of Solvay Bank Corporation, a New York corporation.
– PCB Bancorp ($NASDAQ:PCB)
The company’s market cap is $280.46M as of 2022. It is a regional bank that serves the Philadelphia metropolitan area. The bank has over $2.5B in assets and operates more than 60 branches.
Summary
Preferred Bank is expected to post earnings of $10.44 per share in FY2023, according to an analysis by DA Davidson. Investors should note that the stock has also seen an increase in its price-to-book ratio, suggesting that the market is expecting further appreciation in the company’s stock value. Furthermore, analysts point to the company’s investments in technology, improved customer service, and strategic acquisitions as factors contributing to its potential success in the future. As such, Preferred Bank is an attractive investment opportunity for those looking to benefit from a potential growth in earnings and stock value.
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