Preferred Bank Los Angeles Now Covered by Analysts at FIG Partners (PFBC)
Stock analysts at FIG Partners began coverage on shares of Preferred Bank Los Angeles (NASDAQ:PFBC) in a report issued on Monday, AnalystRatingsNetwork.com reports. The firm set an “outperform” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Preferred Bank Los Angeles from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 30th. They now have a $19.40 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Preferred Bank Los Angeles from $18.00 to $19.00 in a research note to investors on Monday, July 29th. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.47.
Preferred Bank Los Angeles (NASDAQ:PFBC) opened at 18.00 on Monday. Preferred Bank Los Angeles has a 1-year low of $12.95 and a 1-year high of $18.00. The stock has a 50-day moving average of $16.97 and a 200-day moving average of $16.51. The company has a market cap of $236.3 million and a price-to-earnings ratio of 15.11.
Preferred Bank is a commercial bank in California focusing on the Chinese-American market. It operates through its subsidiary, PB Investment and Consulting, Inc (NASDAQ:PFBC).
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