1 week Ago By ABMN Staff
Preferred Bank ( NASDAQ:PFBC – Free Report ) – Equities research analysts at DA Davidson cut their FY2025 earnings per share estimates for shares of Preferred Bank in a report released on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the bank will earn $8.
67 per share for the year, down from their prior forecast of $8.75. The consensus estimate for Preferred Bank’s current full-year earnings is $9.
75 per share. Preferred Bank ( NASDAQ:PFBC – Get Free Report ) last posted its earnings results on Monday, October 21st. The bank reported $2.
46 EPS for the quarter, beating the consensus estimate of $2.39 by $0.07.
Preferred Bank had a return on equity of 19.01% and a net margin of 26.20%.
The firm had revenue of $132.88 million for the quarter, compared to analysts’ expectations of $68.80 million.
During the same period last year, the firm earned $2.71 EPS. Check Out Our Latest Stock Analysis on PFBC Preferred Bank Stock Performance Shares of PFBC opened at $86.
46 on Monday. The firm has a 50-day moving average price of $90.23 and a 200 day moving average price of $82.
86. The firm has a market capitalization of $1.25 billion, a PE ratio of 8.
66 and a beta of 0.96. Preferred Bank has a 52-week low of $66.
88 and a 52-week 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.
Institutional Trading of Preferred Bank A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Copeland Capital Management LLC acquired a new stake in Preferred Bank during the 3rd quarter worth about $54,000. Point72 DIFC Ltd raised its stake in Preferred Bank by 69.
9% during the 2nd quarter. Point72 DIFC Ltd now owns 848 shares of the bank’s stock valued at $64,000 after purchasing an additional 349 shares during the period. Point72 Asia Singapore Pte.
Ltd. acquired a new stake in shares of Preferred Bank in the third quarter worth $76,000. Point72 Asset Management L.
P. grew its holdings in shares of Preferred Bank by 35.1% during the second quarter.
Point72 Asset Management L.P. now owns 1,486 shares of the bank’s stock valued at $112,000 after buying an additional 386 shares in the last quarter.
Finally, Advisors Asset Management Inc. boosted its position in Preferred Bank by 194.1% during the 3rd quarter.
Advisors Asset Management Inc. now owns 1,906 shares of the bank’s stock worth $153,000 after acquiring an additional 1,258 shares during the period. 72.
77% of the stock is currently owned by institutional investors. Preferred Bank Company Profile ( Get 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. 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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