Shares of Preferred Bank (NASDAQ:PFBC) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $54.75.
A number of research firms have issued reports on PFBC. FIG Partners reaffirmed an “outperform” rating on shares of RBB Bancorp in a report on Friday, April 12th. B. Riley set a $75.00 target price on Comerica and gave the stock a “hold” rating in a research note on Thursday, July 11th. Raymond James reiterated an “average” rating on shares of Grupo Aeroportuario dl Srst SAB CV in a research note on Friday. ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Finally, Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th.
NASDAQ PFBC traded up $0.14 during mid-day trading on Friday, hitting $50.93. The company’s stock had a trading volume of 79,964 shares, compared to its average volume of 91,546. The firm’s 50 day moving average price is $47.04. Preferred Bank has a twelve month low of $39.87 and a twelve month high of $66.42. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $764.39 million, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 0.98 and a beta of 1.20.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Friday, July 5th. Preferred Bank’s payout ratio is 26.37%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Quantamental Technologies LLC purchased a new position in shares of Preferred Bank during the first quarter worth about $31,000. BNP Paribas Arbitrage SA grew its holdings in shares of Preferred Bank by 72,425.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,901 shares of the bank’s stock worth $130,000 after purchasing an additional 2,897 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in shares of Preferred Bank during the first quarter worth about $139,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Preferred Bank during the second quarter worth about $205,000. Finally, SG Americas Securities LLC purchased a new position in shares of Preferred Bank during the first quarter worth about $199,000. 77.48% 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 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.
Read More: Google Finance Portfolio Workaround
Receive News & Ratings for Preferred Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Preferred Bank and related companies with MarketBeat.com's FREE daily email newsletter.