Alert: Major Price Advance (11/6/24)-Preferred Bank of Los Angeles (NASDAQ: PFBC).

Preferred Bank of Los Angeles (NASDAQ: PFBC) stock closed at $95.52 on 11/6/24 after a major increase of 12.6%. Moreover, exceptionally high trading volume at 283% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 12.6% during the last week.

Current PriceTarget Research Rating

PFBC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.

Preferred Bank of Los Angeles has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Preferred Bank of Los Angeles has a slightly positive Power Rating of 63 and a good Appreciation Score of 76, leading to the Positive Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.