Is This Stock a Screaming Buy: Preferred Bank (NASDAQ:PFBC)

Equity Research firms currently have a positive stance on shares of Preferred Bank (NASDAQ:PFBC). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.40. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $37.80 on a short term basis.

At the time of writing, the stock was trading at $35.10. This represents a change from the opening price of -0.45%. In terms of performance, year to date, the stock is 7.00%. The monthly stock performance comes in at 0.14%. For the quarter, shares are performing at 15.12%. Weekly performance analysis shows the equity at 0.66%.

In taking a look at technical levels, shares are trading 1.58% away from the 50 day simple moving average and 10.51% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -4.67% away from it’s 52- week high and 33.23% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Preferred Bank’s RSI stands at 50.72. In looking at volatility levels, the shares saw weekly volatility of 2.12% and 1.95% over the past month.

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