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Preferred Bank's upcoming earnings report on October 20th is poised to capture attention, particularly given its robust market cap of nearly $1.2 billion, which underscores its solid standing in the financial sector. Analysts are anticipating an earnings per share (EPS) of $2.57, slightly above the whisper number of $2.46, suggesting a cautious optimism about the bank's performance. The revenue estimate stands at $72.74 million, reflecting steady growth in its core banking operations. While recent news has been sparse, Preferred Bank's consistent financial discipline and strategic focus on expanding its loan portfolio could be key drivers behind these expectations. Investors will be keen to see if the bank can exceed these projections, particularly in a market environment that values stability and prudent management.
Preferred Bank offers a variety of commercial banking products and services to small and medium-sized businesses and their real estate owners, entrepreneurs, developers and investors, professionals, and high-net-worth individuals in the United States. The company is headquartered in Los Angeles, California.
Website: https://www.preferredbank.com
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