Analyst Price Target is $79.00
▲ +44.27% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Preferred Bank in the last 3 months. The average price target is $79.00, with a high forecast of $81.00 and a low forecast of $76.00. The average price target represents a 44.27% upside from the last price of $54.76.
Current Consensus is
The current consensus among 3 investment analysts is to hold stock in Preferred Bank. This rating has held steady since January 2023, when it changed from a Buy consensus rating.
Preferred Bank operates as an independent commercial bank. It offers real estate financing for residential, commercial, industrial, and other income producing properties. Its business and consumer products include checking, savings, money market, and certificate of deposit accounts. The firm also offers treasury management services such as account reconciliation, remote deposit, cash and check courier services, merchant processing, and ACH credit origination. The company was founded by Li Yu on December 23, 1991 and is headquartered in Los Angeles, CA.