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Preferred Bank has a consensus price target of $90.8 based on the ratings of 6 analysts. The high is $105 issued by Piper Sandler on July 29, 2024. The low is $60 issued by DA Davidson on April 20, 2023. The 3 most-recent analyst ratings were released by Stephens & Co., Stephens & Co., and Piper Sandler on October 22, 2024, July 30, 2024, and July 29, 2024, respectively. With an average price target of $98 between Stephens & Co., Stephens & Co., and Piper Sandler, there's an implied 13.79% upside for Preferred Bank from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Preferred Bank (NASDAQ:PFBC) was reported by Stephens & Co. on October 22, 2024. The analyst firm set a price target for $94.00 expecting PFBC to rise to within 12 months (a possible 9.15% upside). 3 analyst firms have reported ratings in the last year.
The latest analyst rating for Preferred Bank (NASDAQ:PFBC) was provided by Stephens & Co., and Preferred Bank maintained their overweight rating.
The last upgrade for Preferred Bank happened on February 16, 2022 when Janney Montgomery Scott raised their price target to $95. Janney Montgomery Scott previously had a neutral for Preferred Bank.
The last downgrade for Preferred Bank happened on July 7, 2022 when Raymond James changed their price target from N/A to N/A for Preferred Bank.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Preferred Bank, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Preferred Bank was filed on October 22, 2024 so you should expect the next rating to be made available sometime around October 22, 2025.
While ratings are subjective and will change, the latest Preferred Bank (PFBC) rating was a maintained with a price target of $90.00 to $94.00. The current price Preferred Bank (PFBC) is trading at is $86.12, which is out of the analyst’s predicted range.
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