Preferred Bank Los Angeles PT Raised to $22.00 at Raymond James (PFBC)
Equities research analysts at Raymond James hoisted their price target on shares of Preferred Bank Los Angeles (NASDAQ:PFBC) from $19.00 to $22.00 in a research note issued to investors on Monday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 9.78% from the stock’s previous close.
Shares of Preferred Bank Los Angeles (NASDAQ:PFBC) traded down 0.30% on Monday, hitting $20.04. The stock had a trading volume of 21,170 shares. Preferred Bank Los Angeles has a 52-week low of $12.25 and a 52-week high of $17.88. The stock has a 50-day moving average of $16.89 and a 200-day moving average of $16.39. The company has a market cap of $262.8 million and a P/E ratio of 14.78.
PFBC has been the subject of a number of other recent research reports. Analysts at DA Davidson raised their price target on shares of Preferred Bank Los Angeles to $23.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Sandler O’Neill raised their price target on shares of Preferred Bank Los Angeles from $18.00 to $22.00 in a research note to investors on Wednesday, October 23rd. They now have a “hold” rating on the stock. Finally, analysts at FIG Partners initiated coverage on shares of Preferred Bank Los Angeles in a research note to investors on Monday, October 7th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.60.
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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