Preferred Bank (PFBC)
Preferred Bank Altman Z-Score
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About Altman Z-Score
CAUTION: The Altman Z-Score is meant to be applied only to manufacturing firms that are near bankruptcy. It was not based on a sample including non-manufacturing firms (service firms, banks, etc.). Use it at your own risk with those companies, but beware that bankruptcy probabilities may be misstated.
The Altman Z-Score helps investors to gauge the probability of a company going bankrupt. Generally, firms with a score above 3.00 have a low probability of bankruptcy, and those with a Z-Score of less than 1.81 have a relatively high probability of bankruptcy.
Note that this is a probabilistic model, so it will not classify perfectly.
The score was first published in a 1968 paper by Edward Altman titled "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy."
Altman re-tested the model in a 2000 paper titled "Predicting financial distress of companies: Revisiting the Z-score and Zeta models". The paper showed that the model still had utility for looking at manufacturers, though the number of misclassifications did increase over time.
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PFBC News
May 17, 7:00AM GlobeNewswire
May 07, 7:00AM GlobeNewswire
Apr 10, 8:00AM GlobeNewswire
Mar 20, 4:26AM Benzinga
Jan 26, 7:25PM Seeking Alpha
Jan 11, 4:55PM PR Newswire
Oct 13, 8:00AM PR Newswire
Sep 09, 11:37AM Street Insider
Jul 12, 5:37PM PR Newswire
Apr 28, 4:01PM PR Newswire
about 758 days ago by Longshot
about 758 days ago by Detroitblues
about 881 days ago by misterchartt
about 881 days ago by misterchartt
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PFBC | 12.18 | -0.14 | -1.14% | 162.50M |
| PFA | 14.94 | +0.14 | +0.95% | |
| PEZ | 28.26 | -0.36 | -1.26% | |
| PEY | 9.06 | -0.09 | -0.98% | |
| PETS | 11.26 | -0.21 | -1.83% | 233.30M |
| PETM | 64.46 | -0.05 | -0.08% | 7.089B |
| OWW | 3.74 | -0.11 | -2.86% | 399.59M |
| OVTI | 15.22 | -0.18 | -1.20% | 898.90M |
| OVRL | 2.12 | +0.00 | +0.00% | 57.56M |
| OVLY | 7.41 | +0.12 | +1.66% | 57.21M |
