American Century Companies Inc. Has $17.24 Million Holdings in Preferred Bank (NASDAQ:PFBC)

American Century Companies Inc. lifted its holdings in shares of Preferred Bank (NASDAQ:PFBC - Free Report) by 44.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,628 shares of the bank's stock after purchasing an additional 61,655 shares during the quarter. American Century Companies Inc. owned 1.38% of Preferred Bank worth $17,244,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Preferred Bank by 24.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 186,107 shares of the bank's stock worth $14,935,000 after acquiring an additional 35,979 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Preferred Bank by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 434,590 shares of the bank's stock worth $37,540,000 after purchasing an additional 18,868 shares during the last quarter. Boston Partners boosted its holdings in shares of Preferred Bank by 2.5% in the 4th quarter. Boston Partners now owns 530,029 shares of the bank's stock valued at $45,806,000 after purchasing an additional 12,907 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Preferred Bank by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 352,597 shares of the bank's stock worth $28,300,000 after buying an additional 12,283 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Preferred Bank by 70.9% during the 3rd quarter. Barclays PLC now owns 27,430 shares of the bank's stock worth $2,201,000 after buying an additional 11,379 shares during the last quarter. 72.77% of the stock is currently owned by institutional investors and hedge funds.

Preferred Bank Trading Down 1.8 %

NASDAQ:PFBC traded down $1.42 during trading hours on Friday, hitting $76.01. 194,521 shares of the company were exchanged, compared to its average volume of 80,682. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 7.89 and a beta of 0.71. Preferred Bank has a one year low of $70.99 and a one year high of $99.78. The company has a fifty day simple moving average of $86.53 and a 200 day simple moving average of $86.90. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19.

Preferred Bank (NASDAQ:PFBC - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The bank reported $2.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.42 by ($0.17). Preferred Bank had a return on equity of 17.80% and a net margin of 25.00%. Sell-side analysts expect that Preferred Bank will post 9.81 EPS for the current fiscal year.

Preferred Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Monday, April 7th. Preferred Bank's dividend payout ratio is presently 31.15%.

Analyst Upgrades and Downgrades

PFBC has been the topic of a number of research analyst reports. Piper Sandler raised their price target on shares of Preferred Bank from $101.00 to $111.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Stephens restated an "equal weight" rating and issued a $100.00 target price on shares of Preferred Bank in a research report on Thursday, January 30th. Finally, DA Davidson upped their price target on shares of Preferred Bank from $98.00 to $101.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th.

Preferred Bank 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.