Preferred Bank (PFBC)
Preferred Bank offers a variety of commercial banking products and services to small and medium-sized businesses and their real estate owners, entrepreneurs, developers and investors, professionals, and high-net-worth individuals in the United States. The company is headquartered in Los Angeles, California.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 44.18% per annum.
- PFBC price at the close of November 19, 2024 was $92.80 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 26.90% per annum.
- PFBC price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $0.11 (0.11%).
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of PFBC price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 23, 2023
End date: November 19, 2024
a = 2.6620
b = 0.0010
s = 0.0663
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 44.18%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0663) – 1
= 30.39%
March 23, 2023 calculations
Top border of price channel:
Exp(Y839)
= Exp(a + b × X839 + 2 × s)
= Exp(a + b × 1,219 + 2 × s)
= Exp(2.6620 + 0.0010 × 1,219 + 2 × 0.0663)
= Exp(4.0168)
= $55.52
Bottom border of price channel:
Exp(Y839)
= Exp(a + b × X839 – 2 × s)
= Exp(a + b × 1,219 – 2 × s)
= Exp(2.6620 + 0.0010 × 1,219 – 2 × 0.0663)
= Exp(3.7514)
= $42.58
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.6620 + 0.0010 × 1,826 + 2 × 0.0663)
= Exp(4.6253)
= $102.03
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.6620 + 0.0010 × 1,826 – 2 × 0.0663)
= Exp(4.3600)
= $78.26
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 44.18% per annum.
- PFBC price at the close of November 19, 2024 was $92.80 and was inside the primary price channel.
Secondary Trend
Start date: December 13, 2023
End date: November 19, 2024
a = 3.2486
b = 0.0007
s = 0.0445
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 26.90%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0445) – 1
= 19.50%
December 13, 2023 calculations
Top border of price channel:
Exp(Y1,022)
= Exp(a + b × X1,022 + 2 × s)
= Exp(a + b × 1,484 + 2 × s)
= Exp(3.2486 + 0.0007 × 1,484 + 2 × 0.0445)
= Exp(4.3061)
= $74.15
Bottom border of price channel:
Exp(Y1,022)
= Exp(a + b × X1,022 – 2 × s)
= Exp(a + b × 1,484 – 2 × s)
= Exp(3.2486 + 0.0007 × 1,484 – 2 × 0.0445)
= Exp(4.1280)
= $62.05
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.2486 + 0.0007 × 1,826 + 2 × 0.0445)
= Exp(4.5293)
= $92.69
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.2486 + 0.0007 × 1,826 – 2 × 0.0445)
= Exp(4.3512)
= $77.57
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 26.90% per annum.
- PFBC price at the close of November 19, 2024 was higher than the top border of the secondary price channel by $0.11 (0.11%).