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 | |
|---|---|---|---|---|
P/E Ratio | 8.3x | 12.0x | 10.1x | |
PEG Ratio | 1.04 | 1.14 | 0.03 | |
Price/Book | 1.4x | 1.4x | 1.0x | |
Price / LTM Sales | 3.9x | 3.7x | 2.9x | |
Upside (Analyst Target) | 14.0% | 8.1% | 11.0% | |
Fair Value Upside | Unlock | −4.8% | 1.5% | Unlock |