Somewhat Positive Media Coverage Somewhat Unlikely to Affect Preferred Bank (PFBC) Share Price
News articles about Preferred Bank (NASDAQ:PFBC) have trended somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Preferred Bank earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 46.715090962545 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Preferred Bank (NASDAQ PFBC) opened at 53.93 on Thursday. The stock’s 50 day moving average is $55.76 and its 200 day moving average is $53.60. The company has a market capitalization of $774.92 million, a PE ratio of 18.52 and a beta of 0.97. Preferred Bank has a 52 week low of $34.31 and a 52 week high of $58.98.
Preferred Bank (NASDAQ:PFBC) last announced its quarterly earnings data on Tuesday, July 18th. The bank reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.05. The business had revenue of $32.55 million during the quarter, compared to analysts’ expectations of $31.78 million. Preferred Bank had a return on equity of 14.18% and a net margin of 28.91%. Analysts predict that Preferred Bank will post $3.21 EPS for the current fiscal year.
PFBC has been the subject of several research reports. FBR & Co reaffirmed a “buy” rating on shares of Preferred Bank in a research note on Wednesday, July 19th. BidaskClub raised shares of Preferred Bank from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Preferred Bank from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Saturday, June 24th. ValuEngine raised shares of Preferred Bank from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Stephens raised shares of Preferred Bank from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 10th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $60.50.
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Preferred Bank Company Profile
Preferred Bank is a commercial bank. The Bank provides deposit services, as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high net worth individuals. The Bank offers various services, such as personal banking, business banking and treasury management.
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