Preferred Bank (PFBC) Trading at $62.52 Forms Wedge Up Pattern

June 29, 2018 - By Joshua Cleveland

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 reached $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&P 500 by 16.55%.

On July, 17 is anticipated Preferred Bank (NASDAQ:PFBC)’s earnings report, according to Zacks. earnings per share of $1.12 is 40.00 % up from 2017’s $0.8 EPS. PFBC’s profit could be $17.16 million if the current earnings per share of $1.12 is accurate. 2.75 % EPS growth is what Wall Street’s predicts after $1.09 reported EPS last quarter.

Preferred Bank (NASDAQ:PFBC) Ratings Coverage

In total 4 analysts cover Preferred Bank (NASDAQ:PFBC). “Buy” rating has 4, “Sell” are 0, while 0 are “Hold”. 100% are bullish. 7 are the (NASDAQ:PFBC)’s analyst reports since January 4, 2018 according to StockzIntelligence Inc. The stock rating was upgraded by Raymond James to “Buy” on Tuesday, January 9. On Monday, April 23 the rating was maintained by Stephens with “Buy”. On Wednesday, January 24 the rating was maintained by FBR Capital with “Buy”. In Tuesday, January 23 report Sandler O’Neill maintained the stock with “Buy” rating. On Thursday, March 29 the stock of Preferred Bank (NASDAQ:PFBC) has “Buy” rating given by Sandler O’Neill. In Friday, April 20 report Sandler O’Neill maintained the stock with “Buy” rating. On Thursday, January 4 the stock has “Buy” rating by Sandler O’Neill.

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

Preferred Bank (NASDAQ:PFBC) Analyst Ratings Chart

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