Preferred Bank - Common Stock (PFBC)

Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on. But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.

Over the last six months, Preferred Bank’s shares have sunk to $80.84, producing a disappointing 11.4% loss while the S&P 500 was flat. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.

PFBC stock results show that Preferred Bank beat analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.

PFBC stock results show that Preferred Bank beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.

With lower interest rates expected in 2024, bank stocks look to recover their groove in the next few months.

Companies Reporting Before The Bell • Goldman Sachs Gr (NYSE:GS) is projected to report quarterly earnings at $5.31 per share on revenue of $11.14 billion.

Companies Reporting Before The Bell • RTX (NYSE:RTX) is expected to report quarterly earnings at $1.23 per share on revenue of $18.41 billion.

Companies Reporting Before The Bell • Freeport-McMoRan (NYSE:FCX) is estimated to report quarterly earnings at $0.22 per share on revenue of $5.86 billion.

Financials have kicked off this earnings season with most banks releasing their quarterly results over the next few weeks.