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

June 29, 2018 - By Clyde Turner

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. PFBC outperformed the S&P500 by 16.55%.

Preferred Bank (NASDAQ:PFBC)’s earnings report is awaited by WallStreet on July, 17, according to RTT. Analysts forecast $1.12 earnings per share. That’s $0.32 up or 40.00 % from 2017’s earnings of $0.8. In case of $1.12 earnings per share PFBC’s profit could hit $17.16M. Last quarter $1.09 earnings per share was reported. Analysts sees 2.75 % EPS growth this 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. On Tuesday, January 23 the firm has “Buy” rating given by Sandler O’Neill. In Thursday, March 29 report Sandler O’Neill maintained the stock with “Buy” rating. On Tuesday, January 9 Raymond James upgraded Preferred Bank (NASDAQ:PFBC) to “Buy” rating. On Friday, April 20 Sandler O’Neill maintained Preferred Bank (NASDAQ:PFBC) with “Buy” rating. On Thursday, January 4 the firm has “Buy” rating given by Sandler O’Neill. On Monday, April 23 the firm has “Buy” rating given by Stephens. In Wednesday, January 24 report FBR Capital maintained the stock with “Buy” rating.

There’s a substantial Preferred Bank (NASDAQ:PFBC) news released 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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