Quadrature Capital Ltd Acquires 8,338 Shares of Preferred Bank (NASDAQ:PFBC)

Quadrature Capital Ltd raised its holdings in shares of Preferred Bank (NASDAQ:PFBCFree Report) by 96.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,959 shares of the bank’s stock after acquiring an additional 8,338 shares during the period. Quadrature Capital Ltd owned about 0.12% of Preferred Bank worth $1,236,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SummerHaven Investment Management LLC lifted its position in Preferred Bank by 1.2% during the fourth quarter. SummerHaven Investment Management LLC now owns 12,516 shares of the bank’s stock valued at $914,000 after buying an additional 147 shares during the period. Federated Hermes Inc. lifted its position in Preferred Bank by 0.8% during the fourth quarter. Federated Hermes Inc. now owns 29,965 shares of the bank’s stock valued at $2,189,000 after buying an additional 226 shares during the period. Alps Advisors Inc. lifted its position in Preferred Bank by 6.0% during the third quarter. Alps Advisors Inc. now owns 5,408 shares of the bank’s stock valued at $337,000 after buying an additional 306 shares during the period. Gladius Capital Management LP lifted its position in Preferred Bank by 518.1% during the fourth quarter. Gladius Capital Management LP now owns 445 shares of the bank’s stock valued at $33,000 after buying an additional 373 shares during the period. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in Preferred Bank during the fourth quarter valued at $34,000. 72.77% of the stock is currently owned by institutional investors.

Preferred Bank Stock Performance

Shares of Preferred Bank stock opened at $72.69 on Tuesday. The business has a fifty day simple moving average of $76.01 and a two-hundred day simple moving average of $73.21. 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 firm has a market capitalization of $1.05 billion, a P/E ratio of 7.02 and a beta of 0.98. Preferred Bank has a 12 month low of $53.00 and a 12 month high of $81.13.

Preferred Bank (NASDAQ:PFBCGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.04. The firm had revenue of $71.57 million during the quarter, compared to analyst estimates of $68.60 million. Preferred Bank had a return on equity of 21.28% and a net margin of 28.70%. On average, equities analysts forecast that Preferred Bank will post 9.69 earnings per share for the current fiscal year.

Preferred Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Thursday, April 4th. Preferred Bank’s dividend payout ratio is presently 27.03%.

Preferred Bank Profile

(Free Report)

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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Institutional Ownership by Quarter for Preferred Bank (NASDAQ:PFBC)

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