Preferred Bank (PFBC) Receiving Somewhat Favorable News Coverage, Analysis Finds
Headlines about Preferred Bank (NASDAQ:PFBC) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of 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 0.16 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 46.6929031983315 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Preferred Bank (NASDAQ:PFBC) traded up 0.90% on Monday, reaching $52.62. The company had a trading volume of 1,368 shares. The company’s 50 day moving average price is $54.09 and its 200-day moving average price is $53.21. Preferred Bank has a 1-year low of $34.31 and a 1-year high of $58.98. The stock has a market capitalization of $756.10 million, a P/E ratio of 18.07 and a beta of 0.95.
Preferred Bank (NASDAQ:PFBC) last posted its quarterly earnings results on Tuesday, July 18th. The bank reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.05. The business had revenue of $32.55 million during the quarter, compared to the consensus estimate of $31.78 million. Preferred Bank had a net margin of 28.91% and a return on equity of 14.05%. Equities analysts predict that Preferred Bank will post $3.21 EPS for the current year.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Preferred Bank from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Saturday, June 24th. FBR & Co reaffirmed a “buy” rating on shares of Preferred Bank in a research note on Wednesday, July 19th. BidaskClub cut Preferred Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Stephens raised Preferred Bank from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 10th. Finally, ValuEngine raised Preferred Bank from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price 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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