Preferred Bank (PFBC) Is Forming Wedge Up at $62.52

June 29, 2018 - By Damon Whitfield

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 is hitting $62.52 during the last trading session, after increased 0.64%.Preferred Bank has volume of 24,863 shares. Since June 29, 2017 PFBC has risen 29.12% and is uptrending. PFBC outperformed by 16.55% the S&P 500.

On July, 17 WallStreet anticipated Preferred Bank (NASDAQ:PFBC)’s earnings release, according to RTT. The earnings per share diference is $0.32 or 40.00 % up from last years number. Previous year: $0.8; Analysts forcast: $1.12. In case of $1.12 earnings per share PFBC’s profit could be $17.16 million. After $1.09 EPS report last quarter, Wall Street now forecasts 2.75 % EPS growth of Preferred Bank.

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”. (NASDAQ:PFBC) has 100% bullish analysts. 7 are the (NASDAQ:PFBC)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. In Monday, April 23 report Stephens maintained the stock with “Buy” rating. In Tuesday, January 23 report Sandler O’Neill maintained the stock with “Buy” rating. On Thursday, January 4 the company was maintained by Sandler O’Neill. The company rating was maintained by FBR Capital on Wednesday, January 24. On Thursday, March 29 the company was maintained by Sandler O’Neill. On Tuesday, January 9 the firm has “Buy” rating given by Raymond James. On Friday, April 20 Sandler O’Neill maintained the shares of PFBC in report with “Buy” rating.

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

Preferred Bank (NASDAQ:PFBC) Analyst Ratings Chart

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