DA Davidson Predicts Preferred Bank Q1 Earnings

Preferred Bank (NASDAQ:PFBC) – Stock analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for Preferred Bank in a report released on Thursday, January 30th. DA Davidson analyst G. Tenner expects that the bank will earn $2.28 per share for the quarter. 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 $9.29 per share.

A number of other brokerages have also weighed in on PFBC. Stephens reaffirmed an “equal weight” rating and issued a $100.00 price target on shares of Preferred Bank in a research note on Thursday. Piper Sandler boosted their price objective on shares of Preferred Bank from $101.00 to $111.00 and gave the company an “overweight” rating in a research report on Friday.

Preferred Bank Trading Up 1.1 %

NASDAQ:PFBC opened at $91.36 on Friday. The business’s 50-day simple moving average is $89.08 and its 200-day simple moving average is $85.19. Preferred Bank has a fifty-two week low of $66.88 and a fifty-two week high of $99.78. 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 stock has a market capitalization of $1.32 billion, a PE ratio of 9.49 and a beta of 0.97.

Preferred Bank (NASDAQ:PFBC) last posted its earnings results 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.28%. This is an increase from Preferred Bank’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, January 10th. Preferred Bank’s dividend payout ratio is currently 31.15%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PFBC. Sei Investments Co. grew its position in shares of Preferred Bank by 6.7% in the 2nd quarter. Sei Investments Co. now owns 5,137 shares of the bank’s stock valued at $388,000 after acquiring an additional 323 shares during the period. Squarepoint Ops LLC grew its holdings in Preferred Bank by 27.3% during the second quarter. Squarepoint Ops LLC now owns 9,449 shares of the bank’s stock worth $713,000 after purchasing an additional 2,024 shares during the period. AQR Capital Management LLC grew its holdings in Preferred Bank by 24.7% during the second quarter. AQR Capital Management LLC now owns 77,745 shares of the bank’s stock worth $5,869,000 after purchasing an additional 15,391 shares during the period. Point72 Asset Management L.P. increased its position in Preferred Bank by 35.1% during the second quarter. Point72 Asset Management L.P. now owns 1,486 shares of the bank’s stock worth $112,000 after buying an additional 386 shares during the last quarter. Finally, Point72 DIFC Ltd raised its stake in Preferred Bank by 69.9% in the second quarter. Point72 DIFC Ltd now owns 848 shares of the bank’s stock valued at $64,000 after buying an additional 349 shares during the period. 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.