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

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