Analysts at Raymond James started coverage on shares of Pacific City Financial (NYSE:PCB) in a research note issued to investors on Tuesday, The Fly reports. The brokerage set an “outperform” rating and a $22.00 price target on the stock. Raymond James’ target price would indicate a potential upside of 7.74% from the stock’s current price.
Separately, Keefe, Bruyette & Woods assumed coverage on Pacific City Financial in a research note on Tuesday. They issued a “market perform” rating and a $22.00 price target on the stock.
Pacific City Financial stock opened at $20.42 on Tuesday. Pacific City Financial has a twelve month low of $13.50 and a twelve month high of $20.95.
Pacific City Financial (NYSE:PCB) last posted its quarterly earnings results on Tuesday, August 21st. The company reported $0.35 earnings per share for the quarter. The company had revenue of $18.16 million during the quarter.
In other Pacific City Financial news, Director Don Rhee bought 12,000 shares of the business’s stock in a transaction on Tuesday, August 28th. The shares were acquired at an average cost of $19.78 per share, for a total transaction of $237,360.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Henry Kim bought 2,000 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were acquired at an average price of $19.83 per share, for a total transaction of $39,660.00. The disclosure for this purchase can be found here.
Pacific City Financial Company Profile
Pacific City Financial Corporation operates as a bank holding company for Pacific City Bank that provides various commercial banking products and services to individuals, professionals, and small-to-medium sized businesses in Southern California. The company offers checking, savings, and money market accounts, as well as certificates of deposit.
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