Brokers Set Expectations for Preferred Bank FY2025 Earnings

Preferred Bank (NASDAQ:PFBC - Free Report) - Equities researchers at DA Davidson lowered their FY2025 EPS estimates for Preferred Bank in a report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the bank will earn $8.67 per share for the year, down from their prior estimate of $8.75. The consensus estimate for Preferred Bank's current full-year earnings is $9.75 per share.

Separately, Stephens lowered shares of Preferred Bank from an "overweight" rating to an "equal weight" rating in a research report on Monday, December 9th.

Preferred Bank Stock Up 0.6 %

NASDAQ PFBC traded up $0.50 during trading on Monday, reaching $86.46. The company's stock had a trading volume of 46,507 shares, compared to its average volume of 81,632. The business has a 50-day moving average price of $90.23 and a 200-day moving average price of $82.86. Preferred Bank has a 1-year low of $66.88 and a 1-year high of $99.78. The stock has a market capitalization of $1.25 billion, a PE ratio of 8.66 and a beta of 0.96. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.20.

Preferred Bank (NASDAQ:PFBC - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The bank reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.07. Preferred Bank had a net margin of 26.20% and a return on equity of 19.01%. The firm had revenue of $132.88 million for the quarter, compared to analyst estimates of $68.80 million. During the same quarter in the prior year, the business earned $2.71 EPS.

Institutional Trading of Preferred Bank

A number of hedge funds and other institutional investors have recently modified their holdings of PFBC. Copeland Capital Management LLC acquired a new stake in Preferred Bank in the third quarter worth about $54,000. Point72 DIFC Ltd grew its position in shares of Preferred Bank by 69.9% during the 2nd quarter. Point72 DIFC Ltd now owns 848 shares of the bank's stock worth $64,000 after buying an additional 349 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Preferred Bank during the third quarter worth approximately $76,000. Point72 Asset Management L.P. lifted its holdings in Preferred Bank by 35.1% in the second quarter. Point72 Asset Management L.P. now owns 1,486 shares of the bank's stock valued at $112,000 after buying an additional 386 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in Preferred Bank by 194.1% in the third quarter. Advisors Asset Management Inc. now owns 1,906 shares of the bank's stock valued at $153,000 after acquiring an additional 1,258 shares during the last quarter. 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. 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.