Preferred Bank (NASDAQ:PFBC) Short Interest Increased By 21.11%

October 13, 2017 - By Vivian Park

 Preferred Bank (NASDAQ:PFBC) Short Interest Increased By 21.11%

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

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 Seekingalpha.com published the news titled: “Preferred Bank: A Small-Cap Bank Worth A Look” on September 29, 2017. Globenewswire.com‘s news article titled: “Preferred Bank Commences Up to $50 Million at the Market Offering” with publication date: October 03, 2017 was also an interesting one.

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