FY2024 EPS Estimates for Preferred Bank (NASDAQ:PFBC) Lifted by DA Davidson

Preferred Bank (NASDAQ:PFBC) – Research analysts at DA Davidson raised their FY2024 earnings estimates for shares of Preferred Bank in a note issued to investors on Thursday, April 25th. DA Davidson analyst G. Tenner now expects that the bank will post earnings per share of $9.92 for the year, up from their prior estimate of $8.38. The consensus estimate for Preferred Bank’s current full-year earnings is $9.64 per share.

Preferred Bank Stock Down 1.3 %

Shares of NASDAQ:PFBC opened at $76.45 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. Preferred Bank has a 12 month low of $42.42 and a 12 month high of $79.08. The company has a 50-day moving average price of $73.82 and a 200 day moving average price of $69.97. 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

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Thursday, April 4th. Preferred Bank’s dividend payout ratio (DPR) is currently 27.03%.

Institutional Trading of Preferred Bank

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Preferred Bank by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 667,256 shares of the bank’s stock valued at $48,745,000 after buying an additional 10,259 shares during the period. Phocas Financial Corp. increased its holdings in Preferred Bank by 2.0% during the fourth quarter. Phocas Financial Corp. now owns 150,897 shares of the bank’s stock valued at $11,023,000 after buying an additional 2,908 shares during the period. American Century Companies Inc. increased its holdings in Preferred Bank by 25.9% during the third quarter. American Century Companies Inc. now owns 112,126 shares of the bank’s stock valued at $6,980,000 after buying an additional 23,032 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Preferred Bank by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 107,536 shares of the bank’s stock valued at $6,694,000 after buying an additional 5,305 shares during the period. Finally, Smith Graham & Co. Investment Advisors LP purchased a new position in Preferred Bank during the fourth quarter valued at approximately $6,522,000. 72.77% of the stock is owned by hedge funds and other institutional investors.

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.