Brokers Offer Predictions for Preferred Bank FY2025 Earnings

Preferred Bank (NASDAQ:PFBC) – Investment analysts at DA Davidson lifted their FY2025 earnings per share estimates for Preferred Bank in a research report issued to clients and investors on Thursday, January 30th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings of $10.10 per share for the year, up from their previous forecast of $8.67. DA Davidson currently 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.

Preferred Bank (NASDAQ:PFBC) 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%.

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

Preferred Bank Price Performance

PFBC opened at $91.36 on Monday. The firm has a 50-day moving average price of $89.08 and a 200-day moving average price of $85.19. Preferred Bank has a twelve month low of $66.88 and a twelve month high of $99.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.49 and a beta of 0.97.

Preferred Bank Increases Dividend

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

Institutional Trading of Preferred Bank

Several institutional investors and hedge funds have recently modified their holdings of the business. Copeland Capital Management LLC bought a new stake in Preferred Bank in the 3rd quarter worth approximately $54,000. R Squared Ltd purchased a new position in shares of Preferred Bank during the fourth quarter worth approximately $65,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Preferred Bank in the 3rd quarter worth approximately $76,000. KBC Group NV boosted its stake in shares of Preferred Bank by 46.2% in the 4th 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 Asset Management L.P. grew its holdings in shares of Preferred Bank by 35.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,486 shares of the bank’s stock valued at $112,000 after purchasing an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 72.77% of the company’s stock.

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.