Preferred Bank (NASDAQ:PFBC – Free Report) – Investment analysts at DA Davidson dropped their FY2025 EPS estimates for shares of Preferred Bank in a report released on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $8.67 for the year, down from their previous estimate of $8.75. The consensus estimate for Preferred Bank’s current full-year earnings is $9.75 per share.
Separately, Stephens cut Preferred Bank from an “overweight” rating to an “equal weight” rating in a report on Monday, December 9th.
Preferred Bank Trading Up 0.6 %
PFBC stock opened at $85.96 on Monday. The business has a fifty day moving average of $90.15 and a 200-day moving average of $82.77. The company has a market cap of $1.24 billion, a P/E ratio of 8.61 and a beta of 0.96. Preferred Bank has a twelve month low of $66.88 and a twelve month high of $99.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.20.
Preferred Bank (NASDAQ:PFBC – Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.07. The firm had revenue of $132.88 million for the quarter, compared to the consensus estimate of $68.80 million. Preferred Bank had a return on equity of 19.01% and a net margin of 26.20%. During the same quarter in the prior year, the business earned $2.71 EPS.
Institutional Trading of Preferred Bank
Institutional investors have recently bought and sold shares of the business. Copeland Capital Management LLC bought a new position in shares of Preferred Bank in the 3rd quarter worth $54,000. Point72 DIFC Ltd boosted its holdings in Preferred Bank by 69.9% during the second quarter. Point72 DIFC Ltd now owns 848 shares of the bank’s stock worth $64,000 after buying an additional 349 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Preferred Bank during the 3rd quarter worth about $76,000. Point72 Asset Management L.P. increased its stake in shares of Preferred Bank by 35.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,486 shares of the bank’s stock valued at $112,000 after acquiring an additional 386 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Preferred Bank by 194.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,906 shares of the bank’s stock valued at $153,000 after acquiring an additional 1,258 shares during the period. Institutional investors and hedge funds own 72.77% of the company’s stock.
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. 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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