Federated Hermes Inc. grew its holdings in Preferred Bank (NASDAQ:PFBC – Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 29,965 shares of the bank’s stock after buying an additional 226 shares during the quarter. Federated Hermes Inc.’s holdings in Preferred Bank were worth $2,189,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of PFBC. BluePath Capital Management LLC purchased a new stake in Preferred Bank in the 3rd quarter worth approximately $33,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Preferred Bank in the 4th quarter valued at approximately $34,000. Everence Capital Management Inc. purchased a new position in shares of Preferred Bank in the 4th quarter valued at approximately $213,000. SG Americas Securities LLC purchased a new position in shares of Preferred Bank in the 3rd quarter valued at approximately $232,000. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Preferred Bank in the 3rd quarter valued at approximately $311,000. Hedge funds and other institutional investors own 72.77% of the company’s stock.
Preferred Bank Trading Down 1.3 %
PFBC opened at $76.45 on Monday. The stock has a market cap of $1.10 billion, a PE ratio of 7.38 and a beta of 1.04. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average of $73.82 and a 200-day moving average of $69.97. Preferred Bank has a 52 week low of $42.42 and a 52 week high of $79.08.
Preferred Bank Announces Dividend
About Preferred Bank
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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