Piper Sandler raised the firm’s price target on Preferred Bank (PFBC) to $111 from $101 and keeps an Overweight rating on the shares. The firm also increased its 2025/2026 EPS to $9.33/$9.25 from $8.67/$8.41 based on a more resilient net interest margin and lower credit costs partially offset by higher non-interest expense.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PFBC: