Preferred Bank traded at $93.50 this Friday April 24th, decreasing $1.47 or 1.55 percent since the previous trading session. Looking back, over the last four weeks, Preferred Bank lost 4.54 percent. Over the last 12 months, its price rose by 16.69 percent. Looking ahead, we forecast Preferred Bank to be priced at 91.50 by the end of this quarter and at 85.75 in one year, according to Trading Economics global macro models projections and analysts expectations.
Preferred Bank is a commercial bank. The Bank 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 Bank offers various services, such as personal banking, business banking and treasury management. The Bank's loan portfolio includes real estate mortgage loans, real estate construction loans, commercial loans and trade finance. Its real estate mortgage portfolio consists of real estate mini-perm loans, as well as purchased residential mortgages. The Bank offers a range of commercial loan products, including lines of credit for working capital, term loans for capital expenditures and commercial and stand-by letters of credit. Through its branch network, the Bank provides a range of financial services to individuals and companies located primarily in Southern California.