Preferred Bank's Near-Term Capital Focus To Remain On Buybacks, Analyst Sees Tepid Loan Growth

Preferred Bank’s Near-Term Capital Focus To Remain On Buybacks, Analyst Sees Tepid Loan Growth

July 23, 2023

in Stocks

Reading Time: 1 min read

Stephens analyst Andrew Terrell reiterated the Overweight rating on Preferred Bank (NASDAQ:PFBC), raising the price target to $68 from $64.

PFBC recently reported second-quarter results, where earnings beat estimates. While NIB outflows exceeded anticipations, Terrell remains optimistic that balance compression has moderated.

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Preferred Bank’s Near-Term Capital Focus To Remain On Buybacks, Analyst Sees Tepid Loan Growth

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Preferred Bank’s Near-Term Capital Focus To Remain On Buybacks, Analyst Sees Tepid Loan Growth

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