Will Preferred Bank (NASDAQ:PFBC) Run Out of Steam Soon? Short Interest is Up

October 13, 2017 - By Dolores Ford

 Will Preferred Bank (NASDAQ:PFBC) Run Out of Steam Soon? Short Interest is Up

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 stock of Preferred Bank (NASDAQ:PFBC) has “Buy” rating given on Thursday, July 20 by Stephens. The rating was downgraded by Raymond James on Monday, October 5 to “Outperform”. As per Monday, July 10, the company rating was maintained by Stephens. The firm has “Outperform” rating by FBR Capital given on Friday, July 1. The stock has “Outperform” rating by FBR Capital on Friday, July 22. Stephens maintained the stock with “Hold” rating in Monday, June 26 report. The stock of Preferred Bank (NASDAQ:PFBC) earned “Buy” rating by FBR Capital on Wednesday, July 19. The firm has “Outperform” rating by Raymond James given on Tuesday, August 25. As per Monday, January 23, the company rating was maintained by FBR Capital.

More recent Preferred Bank (NASDAQ:PFBC) news were published by: Globenewswire.com which released: “Preferred Bank Announces 2017 Third Quarter Earnings Release and Conference Call” on October 04, 2017. Also Globenewswire.com published the news titled: “Preferred Bank Commences Up to $50 Million at the Market Offering” on October 03, 2017. Seekingalpha.com‘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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