De Lisle Partners LLP increased its holdings in Preferred Bank (NASDAQ:PFBC - Free Report) by 51.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,034 shares of the bank's stock after purchasing an additional 14,000 shares during the period. De Lisle Partners LLP owned 0.28% of Preferred Bank worth $3,290,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Preferred Bank by 1.3% in the first quarter. Vanguard Group Inc. now owns 868,073 shares of the bank's stock worth $66,642,000 after buying an additional 10,931 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Preferred Bank by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 680,337 shares of the bank's stock worth $51,357,000 after purchasing an additional 4,539 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Preferred Bank by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 415,722 shares of the bank's stock valued at $33,362,000 after purchasing an additional 7,086 shares during the last quarter. LSV Asset Management raised its holdings in Preferred Bank by 121.0% during the 2nd quarter. LSV Asset Management now owns 171,330 shares of the bank's stock valued at $12,934,000 after buying an additional 93,815 shares during the period. Finally, Dana Investment Advisors Inc. raised its holdings in Preferred Bank by 7.4% during the 2nd quarter. Dana Investment Advisors Inc. now owns 98,591 shares of the bank's stock valued at $7,443,000 after buying an additional 6,809 shares during the period. 72.77% of the stock is currently owned by institutional investors.
Preferred Bank Trading Up 0.1 %
Preferred Bank stock traded up $0.08 during midday trading on Thursday, reaching $95.70. The stock had a trading volume of 45,191 shares, compared to its average volume of 81,352. Preferred Bank has a 52-week low of $61.24 and a 52-week high of $99.78. The company has a fifty day moving average of $85.99 and a 200 day moving average of $80.88. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 9.59 and a beta of 0.94. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.20.
Preferred Bank (NASDAQ:PFBC - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The bank reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.07. Preferred Bank had a return on equity of 19.01% and a net margin of 26.20%. The firm had revenue of $132.88 million for the quarter, compared to the consensus estimate of $68.80 million. During the same period in the prior year, the business posted $2.71 earnings per share. On average, analysts anticipate that Preferred Bank will post 9.75 earnings per share for the current fiscal year.
Preferred Bank Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were given a dividend of $0.70 per share. The ex-dividend date was Monday, October 7th. This represents a $2.80 annualized dividend and a dividend yield of 2.93%. Preferred Bank's dividend payout ratio (DPR) is 28.06%.
Wall Street Analysts Forecast Growth
Separately, Stephens boosted their price objective on shares of Preferred Bank from $90.00 to $94.00 and gave the company an "overweight" rating in a research report on Tuesday, October 22nd.
Read Our Latest Research Report on Preferred Bank
Preferred Bank Profile
(
Free Report)
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.
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