Preferred Bank (PFBC) Stake Increased by Boston Partners

Boston Partners grew its stake in shares of Preferred Bank (NASDAQ:PFBC) by 2.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 418,210 shares of the bank’s stock after acquiring an additional 8,683 shares during the quarter. Boston Partners’ holdings in Preferred Bank were worth $18,807,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantamental Technologies LLC purchased a new stake in shares of Preferred Bank during the 1st quarter valued at about $31,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Preferred Bank by 72,425.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,901 shares of the bank’s stock valued at $130,000 after acquiring an additional 2,897 shares during the last quarter. Convergence Investment Partners LLC purchased a new stake in shares of Preferred Bank during the 1st quarter valued at about $139,000. SG Americas Securities LLC purchased a new position in shares of Preferred Bank in the first quarter worth approximately $199,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of Preferred Bank by 319.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,710 shares of the bank’s stock worth $204,000 after buying an additional 3,586 shares during the last quarter. 78.76% of the stock is currently owned by hedge funds and other institutional investors.

PFBC opened at $47.28 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $744.07 million, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 0.95 and a beta of 1.17. Preferred Bank has a 12-month low of $39.87 and a 12-month high of $69.48.



Preferred Bank (NASDAQ:PFBC) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.06. The company had revenue of $42.77 million for the quarter, compared to the consensus estimate of $42.96 million. Preferred Bank had a net margin of 33.75% and a return on equity of 17.82%. On average, equities research analysts predict that Preferred Bank will post 5.23 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were issued a $0.30 dividend. This is an increase from Preferred Bank’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, April 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.54%. Preferred Bank’s dividend payout ratio (DPR) is presently 26.37%.

PFBC has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Preferred Bank from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Raymond James dropped their price objective on shares of Preferred Bank from $60.00 to $58.00 and set a “strong-buy” rating on the stock in a report on Monday, April 22nd. BidaskClub raised shares of Preferred Bank from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 27th. Stephens reissued a “hold” rating and issued a $51.00 price objective on shares of Preferred Bank in a report on Tuesday, January 22nd. Finally, FIG Partners reissued an “outperform” rating on shares of Preferred Bank in a report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $58.00.

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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's deposit products include 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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