Louisiana State Employees Retirement System purchased a new position in shares of Preferred Bank (NASDAQ:PFBC – Free Report) in the 4th quarter, Holdings Channel reports. The firm purchased 6,300 shares of the bank’s stock, valued at approximately $460,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. AE Wealth Management LLC purchased a new stake in shares of Preferred Bank during the third quarter worth about $538,000. SG Americas Securities LLC acquired a new stake in Preferred Bank during the third 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 acquired a new position in Preferred Bank in the 3rd quarter valued at $33,000. Finally, Yousif Capital Management LLC lifted its stake in shares of Preferred Bank by 2.9% during the 3rd quarter. Yousif Capital Management LLC now owns 7,149 shares of the bank’s stock worth $445,000 after purchasing an additional 200 shares during the period. 72.77% of the stock is currently owned by hedge funds and other institutional investors.
Preferred Bank Price Performance
PFBC stock opened at $76.05 on Tuesday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 7.34 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. Preferred Bank has a 52-week low of $42.42 and a 52-week high of $79.08. The stock’s fifty day simple moving average is $73.91 and its 200-day simple moving average is $70.05.
Preferred Bank Announces Dividend
Preferred Bank 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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