Could Preferred Bank (NASDAQ:PFBC) Skyrocket? The Stock Has Too Many Sellers

October 13, 2017 - By Vivian Park

 Could Preferred Bank (NASDAQ:PFBC) Skyrocket? The Stock Has Too Many Sellers

The stock of Preferred Bank (NASDAQ:PFBC) registered an increase of 21.11% in short interest. PFBC’s total short interest was 527,800 shares in October as published by FINRA. Its up 21.11% from 435,800 shares, reported previously. With 52,200 shares average volume, it will take short sellers 10 days to cover their PFBC’s short positions. The short interest to Preferred Bank’s float is 4.2%.

The stock decreased 1.41% or $0.84 during the last trading session, reaching $58.62. About 41,053 shares traded. Preferred Bank (NASDAQ:PFBC) has risen 58.29% since October 13, 2016 and is uptrending. It has outperformed by 41.59% the S&P500.

Preferred Bank is a commercial bank

Preferred Bank (NASDAQ:PFBC) Ratings Coverage

Among 3 analysts covering Preferred Bank (NASDAQ:PFBC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Preferred Bank had 10 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, July 1 by FBR Capital. The firm has “Buy” rating given on Wednesday, July 19 by FBR Capital. On Tuesday, August 25 the stock rating was upgraded by Raymond James to “Outperform”. The company was maintained on Monday, June 26 by Stephens. The stock has “Outperform” rating by Raymond James on Monday, October 5. The company was maintained on Thursday, July 20 by Stephens. FBR Capital maintained the stock with “Outperform” rating in Friday, July 22 report. On Monday, July 10 the stock rating was maintained by Stephens with “Buy”. On Monday, January 23 the stock rating was maintained by FBR Capital with “Outperform”.

More recent Preferred Bank (NASDAQ:PFBC) news were published by: which released: “Preferred Bank Commences Up to $50 Million at the Market Offering” on October 03, 2017. Also published the news titled: “Preferred Bank Announces 2017 Third Quarter Earnings Release and Conference Call” on October 04, 2017.‘s news article titled: “Preferred Bank: A Small-Cap Bank Worth A Look” with publication date: September 29, 2017 was also an interesting one.

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