Preferred Bank price target raised to $94 from $90 at Stephens

Stephens analyst Andrew Terrell raised the firm’s price target on Preferred Bank (PFBC) to $94 from $90 and keeps an Overweight rating on the shares. The firm’s FY25 operating EPS forecast moves to $8.55 from $7.87, mostly reflective of a better starting point on the net interest income and margin, following the Q3 report, the analyst tells investors in a post-earnings note.