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Preferred Bank Los Angeles (NASDAQ:PFBC)‘s stock had its “outperform” rating reiterated by analysts at Raymond James in a research report issued to clients and investors on Thursday. They currently have a $26.00 price target on the stock, up from their previous price target of $25.00. Raymond James’ target price would suggest a potential upside of 17.59% from the company’s current price.

Preferred Bank Los Angeles (NASDAQ:PFBC) traded down 0.18% during mid-day trading on Thursday, hitting $22.19. The stock had a trading volume of 24,194 shares. Preferred Bank Los Angeles has a one year low of $15.89 and a one year high of $26.79. The stock has a 50-day moving average of $23.15 and a 200-day moving average of $23.13. The company has a market cap of $294.3 million and a price-to-earnings ratio of 13.72.

Preferred Bank Los Angeles (NASDAQ:PFBC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.04. Analysts expect that Preferred Bank Los Angeles will post $1.62 EPS for the current fiscal year.

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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