Preferred Bank (NASDAQ:PFBC – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $86.99 and last traded at $86.76, with a volume of 20417 shares. The stock had previously closed at $85.03.
Preferred Bank Stock Up 1.3 %
The business has a 50-day simple moving average of $76.19 and a two-hundred day simple moving average of $74.49. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 8.32 and a beta of 0.98. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.21.
Preferred Bank (NASDAQ:PFBC – Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.04. Preferred Bank had a return on equity of 21.28% and a net margin of 28.70%. The business had revenue of $71.57 million during the quarter, compared to analysts’ expectations of $68.60 million. As a group, equities analysts forecast that Preferred Bank will post 9.6 earnings per share for the current fiscal year.
Preferred Bank Dividend Announcement
Hedge Funds Weigh In On Preferred Bank
Several large investors have recently made changes to their positions in the business. CWM LLC lifted its position in shares of Preferred Bank by 96.4% during the 2nd quarter. CWM LLC now owns 1,043 shares of the bank’s stock worth $79,000 after purchasing an additional 512 shares during the last quarter. Comerica Bank lifted its position in shares of Preferred Bank by 35.6% during the 1st quarter. Comerica Bank now owns 8,242 shares of the bank’s stock worth $633,000 after purchasing an additional 2,163 shares during the last quarter. Kennedy Capital Management LLC acquired a new position in shares of Preferred Bank during the 1st quarter worth about $3,449,000. Price T Rowe Associates Inc. MD increased its stake in Preferred Bank by 3.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,359 shares of the bank’s stock valued at $1,795,000 after acquiring an additional 697 shares during the period. Finally, BOKF NA bought a new position in Preferred Bank during the first quarter valued at about $296,000. 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 in the United States. 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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