Q1 EPS Estimates for Preferred Bank Boosted by DA Davidson

Preferred Bank (NASDAQ:PFBC - Free Report) - Equities researchers at DA Davidson raised their Q1 2025 earnings per share (EPS) estimates for shares of Preferred Bank in a research report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the bank will post earnings of $2.29 per share for the quarter, up from their prior forecast of $2.28. DA Davidson 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 $9.81 per share. DA Davidson also issued estimates for Preferred Bank's FY2026 earnings at $10.07 EPS.

Preferred Bank (NASDAQ:PFBC - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The bank reported $2.25 earnings per share 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%.

Other equities research analysts have also issued research reports about the company. Stephens reissued an "equal weight" rating and issued a $100.00 target price on shares of Preferred Bank in a research note on Thursday, January 30th. Piper Sandler boosted their price objective on Preferred Bank from $101.00 to $111.00 and gave the company an "overweight" rating in a research report on Friday, January 31st.

Preferred Bank Trading Up 2.5 %

NASDAQ PFBC traded up $1.87 during trading on Thursday, hitting $77.19. 41,461 shares of the company's stock traded hands, compared to its average volume of 91,767. The stock has a fifty day moving average of $86.31 and a two-hundred day moving average of $86.88. Preferred Bank has a 12-month low of $70.99 and a 12-month high of $99.78. The firm has a market cap of $1.11 billion, a P/E ratio of 7.99 and a beta of 0.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.08 and a quick ratio of 1.08.

Preferred Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Monday, April 7th. Preferred Bank's dividend payout ratio (DPR) is 31.15%.

Institutional Trading of Preferred Bank

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in Preferred Bank by 24.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 186,107 shares of the bank's stock worth $14,935,000 after buying an additional 35,979 shares during the period. Jane Street Group LLC raised its holdings in shares of Preferred Bank by 43.8% during the third quarter. Jane Street Group LLC now owns 19,879 shares of the bank's stock valued at $1,595,000 after acquiring an additional 6,056 shares in the last quarter. KBC Group NV raised its holdings in shares of Preferred Bank by 46.2% during the fourth quarter. KBC Group NV now owns 914 shares of the bank's stock valued at $79,000 after acquiring an additional 289 shares in the last quarter. Geode Capital Management LLC lifted its stake in Preferred Bank by 3.6% in the third quarter. Geode Capital Management LLC now owns 352,597 shares of the bank's stock worth $28,300,000 after acquiring an additional 12,283 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in Preferred Bank by 15.5% in the fourth quarter. New York State Common Retirement Fund now owns 26,222 shares of the bank's stock valued at $2,265,000 after acquiring an additional 3,516 shares in the last quarter. 72.77% 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. 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.