Preferred Bank provides various banking products and services to small and mid-sized businesses, entrepreneurs, real estate developers, professionals, and high net worth individuals. The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts. It also provides real estate mortgage loans that are secured by retail, industrial, office, special purpose, and residential single and multi-family properties; real estate construction loans; commercial loans, including lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and small business administration loans for business purposes, such as owner-occupied commercial real estate, business acquisitions, start-ups, franchise financing, working capital, improvements and renovations, inventory and equipment, and debt-refinancing. In addition, the company offers trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, acceptances/trust receipt financing products, export financing, and bills purchase programs. Further, it provides cash management services; and internet, mobile, and tablet banking services. The company was incorporated in 1991 and is headquartered in Los Angeles, California.
Metrics to compare | PFBC | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipPFBCPeersSector | |
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P/E Ratio | 9.0x | 10.6x | 9.5x | |
PEG Ratio | −1.19 | 0.33 | 0.03 | |
Price/Book | 1.5x | 1.0x | 1.0x | |
Price / LTM Sales | 4.2x | 3.1x | 2.8x | |
Upside (Analyst Target) | 16.8% | 15.8% | 13.1% | |
Fair Value Upside | Unlock | −4.4% | 2.3% | Unlock |