Porter Bancorp Lowered to Neutral at Sterne Agee (PBIB)
Porter Bancorp (NASDAQ:PBIB) was downgraded by Sterne Agee to a “neutral” rating in a research note issued on Thursday, American Banking News reports.
A number of other analysts have also recently weighed in on PBIB. Analysts at Zacks downgraded shares of Porter Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $1.20 price target on the stock.
Porter Bancorp (NASDAQ:PBIB) traded down 1.99% during mid-day trading on Thursday, hitting $0.99. The stock had a trading volume of 40,560 shares. Porter Bancorp has a 52 week low of $0.62 and a 52 week high of $2.41. The stock’s 50-day moving average is $1.02 and its 200-day moving average is $1.18. The company’s market cap is $11.9 million.
Porter Bancorp (NASDAQ:PBIB) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.09) by $0.08. Analysts expect that Porter Bancorp will post $-0.30 EPS for the current fiscal year.
Porter Bancorp, Inc is a bank holding company, which through its subsidiary; PBI Bank operates 18 full-service banking offices in 12 counties in Kentucky.
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