Preferred Bank Analysts Boost Their Forecasts After Better-Than-Expected Q2 Earnings
1. PFBC reported Q2 earnings of $2.52, beating estimates of $2.42. 2. Sales also exceeded consensus at $66.87 million against $66.72 million. 3. Net interest margin improved to 3.85%, up from 3.75% last quarter. 4. Analyst ratings remain positive, with price targets raised significantly. 5. Shares increased by 0.6%, suggesting market confidence.