Preferred Bank (Los Angeles, CA) (NASDAQ: PFBC) is -6.19% lower on its value in year-to-date trading and has touched a low of $71.29 and a high of $99.78 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PFBC stock was last observed hovering at around $79.30 in the last trading session, with the day’s gains setting it 1.73%.
Currently trading at $81.03, the stock is 0.29% and -3.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing 2.18% at the moment leaves the stock -4.15% off its SMA200. PFBC registered 12.04% gain for a year compared to 6-month gain of -2.27%. The firm has a 50-day simple moving average (SMA 50) of $84.3508 and a 200-day simple moving average (SMA200) of $84.54065.
The stock witnessed a -3.58% loss in the last 1 month and extending the period to 3 months gives it a -6.00%, and is 6.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.20% over the week and 3.82% over the month.
Preferred Bank (Los Angeles, CA) (PFBC) has around 323 employees, a market worth around $1.09B and $520.43M in sales. Current P/E ratio is 8.42 and Fwd P/E is 8.05. Profit margin for the company is 25.11%. Distance from 52-week low is 13.66% and -18.79% from its 52-week high. The company has generated returns on investments over the last 12 months (14.14%).
with sales reaching $70.51M over the same period.The EPS is expected to grow by 0.50% this year, but quarterly earnings will post 1.51% year-over-year. Quarterly sales are estimated to shrink -1.48% in year-over-year returns.
317.0 institutions hold shares in Preferred Bank (Los Angeles, CA) (PFBC), with institutional investors hold 91.52% of the company’s shares. The shares outstanding are 13.19M, and float is at 12.29M with Short Float at 7.20%. Institutions hold 90.92% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 1.33 million shares valued at $100.04 million. The investor’s holdings represent 9.9177 of the PFBC Shares outstanding. As of 2024-06-30, the second largest holder is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with 1.08 million shares valued at $81.58 million to account for 8.087 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.87 million shares representing 6.4564 and valued at over $65.84 million, while DIMENSIONAL FUND ADVISORS LP holds 5.0362 of the shares totaling 0.68 million with a market value of $51.36 million.
