Analysts Set Expectations for Preferred Bank Q1 Earnings

Preferred Bank (NASDAQ:PFBC) – Investment analysts at DA Davidson issued their Q1 2025 EPS estimates for Preferred Bank in a research note issued to investors on Thursday, January 30th. DA Davidson analyst G. Tenner expects that the bank will post earnings of $2.28 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $101.00 target price on the stock. The consensus estimate for Preferred Bank’s current full-year earnings is $9.29 per share.

Other equities analysts have also issued research reports about the stock. Stephens reaffirmed an “equal weight” rating and issued a $100.00 price objective on shares of Preferred Bank in a research note on Thursday. Piper Sandler increased their price objective on Preferred Bank from $101.00 to $111.00 and gave the stock an “overweight” rating in a research note on Friday.

Preferred Bank Stock Performance

PFBC opened at $91.36 on Friday. The business has a 50 day moving average price of $89.08 and a two-hundred day moving average price of $85.19. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.49 and a beta of 0.97. Preferred Bank has a 1-year low of $66.88 and a 1-year high of $99.78.

Preferred Bank (NASDAQ:PFBC) last posted its quarterly earnings data on Monday, January 27th. The bank reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.17). Preferred Bank had a return on equity of 17.80% and a net margin of 25.00%.

Preferred Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were issued a $0.75 dividend. This is a boost from Preferred Bank’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, January 10th. This represents a $3.00 annualized dividend and a yield of 3.28%. Preferred Bank’s dividend payout ratio is 31.15%.

Hedge Funds Weigh In On Preferred Bank

A number of hedge funds and other institutional investors have recently made changes to their positions in PFBC. FMR LLC grew its stake in Preferred Bank by 4.2% during the third quarter. FMR LLC now owns 6,674 shares of the bank’s stock worth $536,000 after buying an additional 271 shares during the last quarter. KBC Group NV grew its position in Preferred Bank by 46.2% during the 4th quarter. KBC Group NV now owns 914 shares of the bank’s stock worth $79,000 after acquiring an additional 289 shares during the last quarter. Sei Investments Co. raised its position in Preferred Bank by 6.7% in the 2nd quarter. Sei Investments Co. now owns 5,137 shares of the bank’s stock valued at $388,000 after purchasing an additional 323 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Preferred Bank by 2.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 16,272 shares of the bank’s stock valued at $1,406,000 after purchasing an additional 334 shares during the last quarter. Finally, Point72 DIFC Ltd boosted its stake in Preferred Bank by 69.9% in the second quarter. Point72 DIFC Ltd now owns 848 shares of the bank’s stock worth $64,000 after purchasing an additional 349 shares in the last quarter. 72.77% of the stock is owned by 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. 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.