Preferred Bank (PFBC) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 39 from a previous price target of $37 . FBR Capital advised their investors in a research report released on Jul 22, 2016.
Many Wall Street Analysts have commented on Preferred Bank. FBR Capital Initiated Preferred Bank on Jul 1, 2016 to “Outperform”, Price Target of the shares are set at $37.
Preferred Bank closed down -0.02 points or -0.06% at $31.8 with 20,042 shares getting traded on Wednesday. Post opening the session at $31.82, the shares hit an intraday low of $31.55 and an intraday high of $31.83 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
PREFERRED BANK is a commercial bank based in Southern California. The Bank provides personalized 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. It derives its income primarily from interest received on its loan and investment securities portfolio and fee income. The Bank conducts operations from its office in downtown Los Angeles California and ten full service branch banking offices in Los Angeles Orange and San Francisco Counties. It markets its services and conducts its business primarily in Los Angeles Orange Ventura Riverside San Bernardino and San Francisco Counties.