FBR Capital Reiterates a Buy Rating on Preferred Bank

By Carrie Williams

In a report released yesterday, Bob Ramsey from FBR Capital reiterated a Buy rating on Preferred Bank (NASDAQ: PFBC). The company’s shares opened today at $49.64.

According to TipRanks.com, Ramsey is a 4-star analyst with an average return of 5.8% and a 61.0% success rate. Ramsey covers the Financial sector, focusing on stocks such as Seacoast Banking Corporation Of Florida, State National Companies Inc, and Pacific Premier Bancorp Inc.

Preferred Bank has an analyst consensus of Moderate Buy.

Based on Preferred Bank’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $35.08 million and quarterly net profit of $10.05 million. In comparison, last year the company earned revenue of $28.29 million and had a net profit of $7.76 million.

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Preferred Bank engages as an independent commercial bank. It provides deposit services as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals. The company was founded by Li Yu on December 23, 1991 and is headquartered in Los Angeles, CA.