Preferred Bank (NASDAQ:PFBC) Rating Increased

In a research report published on Tuesday, 9 January, Raymond James has raised Preferred Bank (NASDAQ:PFBC) stock to Strong Buy. PFBC’s old rating was Outperform.

The stock upgrade is well received by investors, as NASDAQ:PFBC is right now trading 1.05% higher at $50.93 as of 4:09 AM New York time. Preferred Bank’s stock is 0% over the last 200 days. It has underperformed the S&P500 Index, which has gained 6.00% over the same time.

Preferred Bank (NASDAQ:PFBC) Profile

Preferred Bank is a commercial bank. The Bank provides deposit services, as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high net worth individuals. The Bank offers various services, such as personal banking, business banking and treasury management.

Preferred Bank (NASDAQ:PFBC) traded up 1.05% on 9 January, hitting $50.93. A total of 19,862 shares of the company’s stock traded hands. This is down from average of 81,731 shares. Preferred Bank has a 52 week low of $27.07 and a 52 week high of $58.12. The company has a market cap of $711.31 million and a P/E ratio of 19.89.

Get the latest Preferred Bank (NASDAQ:PFBC) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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