At $62.52 Preferred Bank (PFBC) Forms Bullish Wedge Up Pattern

June 29, 2018 - By Theresa McIntyre

Preferred Bank (NASDAQ:PFBC) Corporate Logo

With $68.15 Target Preferred Bank (PFBC) formed an up wedge technical setup. That’s 9.00 % above today’s $62.52 share price. At $68.15 Target, the company’s valuation could be $86.19 million more.

PFBC hit $62.52 during the last trading session after $0.4 change.Preferred Bank has volume of 24,863 shares. Since June 29, 2017 PFBC has risen 29.12% and is uptrending. The stock outperformed the S&P500 by 16.55%.

Preferred Bank (NASDAQ:PFBC) is anticipated to publish earnings on July, 17., Zacks reports. The EPS diference is $0.32 or 40.00 % up from last years number. Previous year: $0.8; Analysts forcast: $1.12. If PFBC’s EPS is $1.12 the profit will be $17.16M for 13.96 P/E. Wall Street sees 2.75 % EPS growth as of July, 17.

Preferred Bank (NASDAQ:PFBC) Ratings Coverage

Total analysts of 4 have positions in Preferred Bank (NASDAQ:PFBC) as follows: 4 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. Since January 4, 2018 according to StockzIntelligence Inc Preferred Bank has 7 analyst reports. On Tuesday, January 23 the rating was maintained by Sandler O’Neill with “Buy”. In Wednesday, January 24 report FBR Capital maintained it with “Buy” rating and $76.0 target. In Thursday, March 29 report Sandler O’Neill maintained it with “Buy” rating and $7100 target. On Thursday, January 4 the firm earned “Buy” rating by Sandler O’Neill. On Friday, April 20 Sandler O’Neill maintained Preferred Bank (NASDAQ:PFBC) rating. Sandler O’Neill has “Buy” rating and $7300 target. In Monday, April 23 report Stephens maintained it with “Buy” rating and $7400 target. On Tuesday, January 9 the company was upgraded by Raymond James.

There’s a substantial Preferred Bank (NASDAQ:PFBC) news announced by Globenewswire.com. It’s a report titled: “Preferred Bank Increases Quarterly Cash Dividend” on June 27, 2018.

Preferred Bank (NASDAQ:PFBC) Analyst Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: