Yousif Capital Management LLC Lowers Stock Holdings in Preferred Bank (NASDAQ:PFBC)

Yousif Capital Management LLC cut its stake in shares of Preferred Bank (NASDAQ:PFBC) by 3.6% in the 4th quarter, Holdings Channel reports. The fund owned 6,891 shares of the bank’s stock after selling 258 shares during the quarter. Yousif Capital Management LLC’s holdings in Preferred Bank were worth $503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PFBC. SG Americas Securities LLC acquired a new stake in shares of Preferred Bank during the third quarter worth $232,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Preferred Bank in the third quarter valued at about $311,000. BluePath Capital Management LLC acquired a new position in shares of Preferred Bank during the third quarter worth about $33,000. Teacher Retirement System of Texas raised its holdings in Preferred Bank by 39.1% during the third quarter. Teacher Retirement System of Texas now owns 15,109 shares of the bank’s stock worth $941,000 after purchasing an additional 4,245 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in Preferred Bank in the third quarter valued at about $998,000. 72.77% of the stock is owned by institutional investors and hedge funds.

Preferred Bank Price Performance

Shares of PFBC opened at $79.37 on Monday. The firm has a market capitalization of $1.15 billion, a PE ratio of 7.66 and a beta of 1.02. The stock’s 50 day moving average is $74.36 and its two-hundred day moving average is $70.49. Preferred Bank has a twelve month low of $42.42 and a twelve month high of $79.98. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, April 4th. Preferred Bank’s payout ratio is 27.03%.

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.