Preferred Bank (PFBC) Forms $63.40 Double Top; FUJITSU LTD (FJTSF) Sellers Decreased By 38.24% Their Shorts

January 15, 2018 - By Vivian Park

Preferred Bank (PFBC) formed double top with $66.57 target or 5.00% above today’s $63.40 share price. Preferred Bank (PFBC) has $923.17M valuation. The stock increased 0.32% or $0.2 during the last trading session, reaching $63.4. About 101,961 shares traded or 30.55% up from the average. Preferred Bank (NASDAQ:PFBC) has risen 58.29% since January 15, 2017 and is uptrending. It has outperformed by 41.59% the S&P500.

FUJITSU LTD (OTCMKTS:FJTSF) had a decrease of 38.24% in short interest. FJTSF’s SI was 1.56M shares in January as released by FINRA. Its down 38.24% from 2.52M shares previously. With 1,600 avg volume, 972 days are for FUJITSU LTD (OTCMKTS:FJTSF)’s short sellers to cover FJTSF’s short positions. It closed at $7.4114 lastly. It is down 0.00% since January 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Preferred Bank (NASDAQ:PFBC) to report earnings on January, 18. They expect $0.90 EPS, up 26.76% or $0.19 from last year’s $0.71 per share. PFBC’s profit will be $13.10 million for 17.61 P/E if the $0.90 EPS becomes a reality. After $0.94 actual EPS reported by Preferred Bank for the previous quarter, Wall Street now forecasts -4.26% negative EPS growth.

Among 4 analysts covering Preferred Bank (NASDAQ:PFBC), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Preferred Bank had 13 analyst reports since August 25, 2015 according to SRatingsIntel. FBR Capital maintained the stock with “Buy” rating in Thursday, October 26 report. The stock of Preferred Bank (NASDAQ:PFBC) earned “Outperform” rating by Raymond James on Tuesday, August 25. The firm earned “Hold” rating on Monday, June 26 by Stephens. FBR Capital maintained the shares of PFBC in report on Wednesday, July 19 with “Buy” rating. The stock of Preferred Bank (NASDAQ:PFBC) earned “Outperform” rating by FBR Capital on Monday, January 23. The firm has “Outperform” rating by FBR Capital given on Friday, July 22. The company was maintained on Monday, July 10 by Stephens. The stock of Preferred Bank (NASDAQ:PFBC) earned “Outperform” rating by FBR Capital on Friday, July 1. The stock of Preferred Bank (NASDAQ:PFBC) earned “Buy” rating by Stephens on Thursday, July 20. The firm has “Outperform” rating by Raymond James given on Monday, October 5.

Fujitsu Limited operates as an information and communication technology firm worldwide. The company has market cap of $16.06 billion. The firm operates in three divisions: Technology Solutions, Ubiquitous Solutions, and Device Solutions. It has a 14.36 P/E ratio. The Technology Solutions segment offers system integration services, including system construction and business applications; consulting services; front-end technologies comprising ATMs, point-of-sale systems, etc.; and outsourcing services, including datacenters, ICT and application operation/management, SaaS, business process outsourcing, etc.

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