Backtest
The backtest results indicate that PFBC generally experiences negative price reactions after earnings beats, with win rates below 50% and negative average returns over 3, 10, and 30 days. Similarly, the Banks Industry shows muted or slightly adverse price responses, with a maximum return of only 0.75% occurring 27 days post-event. This suggests that earnings beats do not generate strong positive momentum for PFBC or its industry. Investors should be cautious and avoid assuming that positive earnings surprises will lead to immediate or sustained gains in PFBC or the Banks sector.
