Preferred Bank Los Angeles Sets New 1-Year High at $18.22 (PFBC)
Preferred Bank Los Angeles (NASDAQ:PFBC) set a new 52-week high during mid-day trading on Thursday, AnalystRatingsNetwork.com reports. The stock traded as high as $18.22 and last traded at $18.08, with a volume of 29,159 shares. The stock had previously closed at $17.83.
PFBC has been the subject of a number of recent research reports. Analysts at FIG Partners initiated coverage on shares of Preferred Bank Los Angeles in a research note to investors on Monday. They set an “outperform” rating on the stock. Separately, 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 Zacks upgraded shares of Preferred Bank Los Angeles from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, August 14th. They now have a $18.50 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $18.47.
Preferred Bank Los Angeles has a one year low of $12.95 and a one year high of $18.00. The stock’s 50-day moving average is $17.03 and its 200-day moving average is $16.55. The company has a market cap of $237.1 million and a price-to-earnings ratio of 14.97.
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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