Janney upgraded Preferred Bank from Neutral to Buy and set a new price target of $95.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/9/2024 | Overweight → Equal-Weight | Stephens | |
| 7/7/2022 | Outperform → Mkt Perform | Raymond James | |
| 2/16/2022 | $95.00 | Neutral → Buy | Janney |
| 1/24/2022 | $85.00 → $94.00 | Overweight | Piper Sandler |
| 1/21/2022 | $95.00 → $100.00 | Buy | B. Riley Securities |
| 1/21/2022 | $75.00 → $85.00 | Outperform | Raymond James |
| 1/12/2022 | $80.00 → $95.00 | Buy | B. Riley Securities |
| 11/17/2021 | $85.00 → $88.00 | Overweight | Piper Sandler |
Stephens downgraded Preferred Bank from Overweight to Equal-Weight
Raymond James downgraded Preferred Bank from Outperform to Mkt Perform
Janney upgraded Preferred Bank from Neutral to Buy and set a new price target of $95.00
LOS ANGELES, June 23, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has received regulatory approval to implement its recently announced $125 million stock repurchase plan which was approved by shareholders in May. Preferred Bank is not a Securities & Exchange Commission ("SEC") registrant, therefore the Bank requires regulatory approval prior to repurchasing its own common stock. The Board of Directors has approved the first tranche of repurchases which will consist of $50 million in buybacks. The stock purchases will be made from time to time in the open market. In addition,
LOS ANGELES, May 22, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the largest independent commercial banks in California, today reported that the shareholders have approved a new $125 million stock repurchase plan. Also, on May 8, 2025, the Bank completed its prior stock repurchase plan. This was the final portion of the Bank's $150 million repurchase authorized by shareholders in 2023. The final tranche of repurchase activity saw the Bank repurchase 818,059 shares for total consideration of $65.7 million over the first and second quarters of 2025. For the entire $150 million repurchase, the Bank repurchased 2,146,252 shares at an average price of $70.13 per share. For th
LOS ANGELES, May 09, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ:PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has named Nick Pi to the position of Executive Vice President and Chief Risk Officer. Mr. Pi has served as the Bank's Chief Credit Officer since 2015 and will continue to oversee the credit function. Mr. Pi will now also oversee the BSA and Compliance Departments as well. Li Yu, Chairman and CEO of the Bank said "Nick has been a very strong leader in Credit Administration and we're excited to have someone with his experience and knowledge taking over the role of Chief Risk Officer. We feel this is an important