Preferred Bank (PFBC)
This is a regional bank, headquartered in LA, currently valued at $950 million by the market. It operates throughout Southern California and offers a few unusual services, including wealth management for clients who live on the Pacific Rim. The bank’s Chairman, President, and CEO is named Li Yu, and rumor suggests that the bank serves predominantly Chinese-Americans, though this seems to be impossible to verify. What I can verify is that the bank’s year-over-year quarterly revenue growth is 36.7% and that its operating margin is a stunning 62.3%. Furthermore, it has a trailing P/E of 22.1 and a forward P/E of 12.76. That’s pretty darn low, especially for a company growing this fast.
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