Preferred Bank (NASDAQ:PFBC – Free Report) – DA Davidson raised their FY2024 earnings estimates for Preferred Bank in a research note issued on Thursday, April 25th. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings per share of $9.92 for the year, up from their prior forecast of $8.38. The consensus estimate for Preferred Bank’s current full-year earnings is $9.64 per share.
Preferred Bank Price Performance
PFBC stock opened at $76.45 on Monday. The firm has a 50 day moving average of $73.82 and a 200-day moving average of $69.97. Preferred Bank has a 12-month low of $42.42 and a 12-month high of $79.08. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 7.38 and a beta of 1.04.
Preferred Bank Dividend Announcement
Institutional Investors Weigh In On Preferred Bank
Hedge funds and other institutional investors have recently modified their holdings of the stock. AE Wealth Management LLC purchased a new position in shares of Preferred Bank during the 3rd quarter worth approximately $538,000. SG Americas Securities LLC purchased a new stake in Preferred Bank in the 3rd quarter worth approximately $232,000. Robeco Institutional Asset Management B.V. purchased a new stake in Preferred Bank in the 3rd quarter worth approximately $311,000. BluePath Capital Management LLC purchased a new stake in Preferred Bank in the 3rd quarter worth approximately $33,000. Finally, Yousif Capital Management LLC grew its stake in Preferred Bank by 2.9% in the 3rd quarter. Yousif Capital Management LLC now owns 7,149 shares of the bank’s stock worth $445,000 after acquiring an additional 200 shares during the period. 72.77% of the stock is currently owned by institutional investors and hedge funds.
Preferred Bank Company Profile
Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals in the United States. The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts.
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