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PFBC

Preferred Bank

$45.63

0.41 (0.91%)

08:37
01/22/19
01/22
08:37
01/22/19
08:37

Preferred Bank price target lowered to $63 from $69 at DA Davidson

DA Davidson analyst Gary Tenner lowered his price target on Preferred Bank to $63 after its Q4 earnings miss, saying that while the company continued to generate strong loan growth and profitability on positive net interest margin direction, its earnings were impacted by the "higher provision related to the charge-off of NYC properties". The analyst is keeping his Buy rating given the bank's strong overall asset quality, but lowered his FY19 EPS outlook to $5.26 from $5.34.

PFBC Preferred Bank
$45.63

0.41 (0.91%)

07/06/18
07/06/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Arbutus Biopharma (ABUS) downgraded to Neutral from Buy at B. Riley FBR with analyst Madhu Kumar citing valuation following the stock's recent rally. 2. Gannett (GCI) downgraded to Underweight from Neutral at JPMorgan with analyst Alexia Quadrani saying she expects ongoing secular concerns in the print marketplace to bring further volatility. 3. L'Oreal (LRLCY) downgraded to Hold from Buy at Deutsche Bank with analyst Eva Quiroga stating that following the stock's outperformance, she sees "limited incremental upside at best" from current share levels. 4. Carnival (CCL) downgraded to Hold from Buy at Argus with analyst John Staszak saying the company is faced with near-term challenges such as more difficult prior-year comparisons, soft advance bookings, higher fuel costs, and adverse FX rates. 5. Preferred Bank (PFBC) downgraded to Equal Weight from Overweight at Stephens with analyst Tyler Stafford citing valuation, noting that the stock now trades in-line with its peer group. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/18
RAJA
07/10/18
DOWNGRADE
RAJA
Outperform
Preferred Bank downgraded to Outperform from Strong Buy at Raymond James
10/04/18
RAJA
10/04/18
UPGRADE
RAJA
Strong Buy
Preferred Bank upgraded to Strong Buy from Outperform at Raymond James
10/04/18
RAJA
10/04/18
UPGRADE
Target $77
RAJA
Strong Buy
Preferred Bank upgraded to Strong Buy from Outperform at Raymond James
As previously reported, Raymond James upgraded Preferred Bank to Strong Buy from Outperform and maintained a $77 price target. Analyst David Ling changed his view primarily due to valuation and said Preferred is well-positioned for rising interest rates with its highly asset-sensitive balance sheet and it is well-positioned for future growth given its healthy capital ratios.

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ATTO

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LYFT

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NVRO

Nevro

$44.76

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