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

June 29, 2018 - By Noel Courtney

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

Earnings report for Preferred Bank (NASDAQ:PFBC) is expected on July, 17., as reported by Faxor. Analysts predict 40.00 % diference or $1.12 from the $0.8 EPS from 2017. If earnings per share of $1.12 is published the profit of PFBC could reach $17.16 million giving it 13.96 P/E. 2.75 % EPS growth is what analysts predict. $1.09 earnings per share was published for previous 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”. (NASDAQ:PFBC) has 100% bullish analysts. 7 are the (NASDAQ:PFBC)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Thursday, March 29 the stock has “Buy” rating by Sandler O’Neill. The stock rating was maintained by Sandler O’Neill with “Buy” on Thursday, January 4. On Wednesday, January 24 the stock of Preferred Bank (NASDAQ:PFBC) has “Buy” rating given by FBR Capital. The stock rating was upgraded by Raymond James to “Buy” on Tuesday, January 9. On Monday, April 23 Stephens maintained Preferred Bank (NASDAQ:PFBC) with “Buy” rating. On Friday, April 20 the stock of Preferred Bank (NASDAQ:PFBC) has “Buy” rating given by Sandler O’Neill. The stock rating was maintained by Sandler O’Neill with “Buy” on Tuesday, January 23.

There’s an important Preferred Bank (NASDAQ:PFBC) news brought out 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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