DA Davidson Predicts Increased Earnings for Preferred Bank

Preferred Bank (NASDAQ:PFBC - Free Report) - Analysts at DA Davidson upped their FY2025 earnings estimates for Preferred Bank in a report released on Thursday, January 30th. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings of $10.10 per share for the year, up from their previous forecast of $8.67. DA Davidson currently has a "Neutral" rating and a $101.00 price target on the stock. The consensus estimate for Preferred Bank's current full-year earnings is $9.58 per share.

A number of other research firms also recently weighed in on PFBC. Piper Sandler upped their target price on shares of Preferred Bank from $101.00 to $111.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Stephens restated an "equal weight" rating and issued a $100.00 price objective on shares of Preferred Bank in a report on Thursday, January 30th.

Preferred Bank Stock Up 1.8 %

PFBC stock traded up $1.67 during midday trading on Monday, hitting $93.15. The stock had a trading volume of 100,306 shares, compared to its average volume of 82,546. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 9.67 and a beta of 0.97. The business has a 50-day moving average of $88.76 and a two-hundred day moving average of $85.32. Preferred Bank has a 52-week low of $66.88 and a 52-week high of $99.78.

Preferred Bank (NASDAQ:PFBC - Get Free Report) last announced its earnings results on Monday, January 27th. The bank reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.17). Preferred Bank had a return on equity of 17.80% and a net margin of 25.00%.

Hedge Funds Weigh In On Preferred Bank

Hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in Preferred Bank by 217.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 562 shares of the bank's stock worth $49,000 after buying an additional 385 shares during the last quarter. Copeland Capital Management LLC bought a new stake in shares of Preferred Bank during the third quarter valued at approximately $54,000. R Squared Ltd purchased a new position in Preferred Bank in the 4th quarter worth approximately $65,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Preferred Bank in the 3rd quarter valued at approximately $76,000. Finally, KBC Group NV boosted its stake in Preferred Bank by 46.2% during the 4th quarter. KBC Group NV now owns 914 shares of the bank's stock valued at $79,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 72.77% of the company's stock.

Preferred Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, January 10th. This is a positive change from Preferred Bank's previous quarterly dividend of $0.70. Preferred Bank's payout ratio is currently 31.15%.

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. 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.