Analysts Set Expectations for Preferred Bank FY2025 Earnings

Preferred Bank (NASDAQ:PFBC - Free Report) - Research analysts at DA Davidson decreased their FY2025 earnings per share 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 earn $9.60 per share for the year, down from their previous estimate of $9.62. DA Davidson has a "Neutral" rating and a $101.00 price objective 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 FY2025 earnings at $9.60 EPS.

PFBC has been the subject of a number of other research reports. Piper Sandler lifted their target price on shares of Preferred Bank from $101.00 to $111.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Stephens reissued an "equal weight" rating and issued a $100.00 price target on shares of Preferred Bank in a report on Thursday, January 30th.

Preferred Bank Trading Up 5.5 %

Shares of PFBC traded up $4.14 on Friday, reaching $79.62. 71,151 shares of the company's stock were exchanged, compared to its average volume of 81,609. The business has a 50 day moving average price of $85.76 and a two-hundred day moving average price of $86.76. Preferred Bank has a 12 month low of $70.99 and a 12 month high of $99.78. The stock has a market capitalization of $1.15 billion, a P/E ratio of 8.34 and a beta of 0.71. 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 announced its quarterly earnings data on Monday, January 27th. The bank reported $2.25 earnings per share 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%.

Preferred Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 7th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.77%. Preferred Bank's dividend payout ratio (DPR) is 31.15%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Picton Mahoney Asset Management lifted its stake in Preferred Bank by 110.7% in the 4th quarter. Picton Mahoney Asset Management now owns 550 shares of the bank's stock valued at $47,000 after acquiring an additional 289 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of 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 purchasing an additional 385 shares in the last quarter. R Squared Ltd acquired a new position in Preferred Bank during the fourth quarter worth $65,000. KBC Group NV grew its position in Preferred Bank by 46.2% in the fourth quarter. KBC Group NV now owns 914 shares of the bank's stock valued at $79,000 after purchasing an additional 289 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Preferred Bank in the 3rd quarter valued at $76,000. 72.77% of the stock is currently owned by institutional investors.

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.