Preferred Bank (NASDAQ:PFBC) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 5, 2016
Yesterday Preferred Bank (NASDAQ:PFBC) traded 2.04% higher at $35.36. The company’s 50-day moving average is $35.00 and its 200-day moving average is $32.25. The last stock close price is up 10.06% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 18,580 shares of the stock were exchanged, down from an average trading volume of 57,266
Zacks Investment Research has downgraded Preferred Bank (NASDAQ:PFBC) to Hold in a report released on 10/05/2016.
On 08/25/2016, Raymond James Financial Inc. released a statement for Preferred Bank (NASDAQ:PFBC) upped the target price from $0.00 to $15.00. At the time, this indicated a possible downside of -0.57%.
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With a total market value of $0, Preferred Bank has price-earnings ratio of 15.63 with a one year low of $26.35 and a one year high of $36.82 .
Brief Synopsis About Preferred Bank (NASDAQ:PFBC)
Preferred Bank is a commercial bank, which offers financial services to individuals and companies in Southern California. 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 individuals. Its loan portfolio includes over four categories of loans, such as real estate mini-permanent loans, real estate construction loans, commercial loans and trade finance loans. Its investment securities consist of investment grade corporate notes, municipal bonds, collateralized mortgage obligations, the United States government agency securities and the United States agency mortgage-backed securities. Its primary sources of funds consist of deposits and related services; maturities, and principal and interest payments on loans and securities, and borrowings. It has over 10 branches in Los Angeles, Orange and San Francisco Counties.
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