DA Davidson Forecasts Increased Earnings for Preferred Bank

Preferred Bank (NASDAQ:PFBC) – Equities research analysts at DA Davidson boosted their FY2025 EPS estimates for Preferred Bank in a research note issued on Thursday, January 30th. DA Davidson analyst G. Tenner now expects that the bank will post earnings per share of $10.10 for the year, up from their prior estimate 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 $9.58 per share.

PFBC has been the subject of a number of other reports. Stephens reaffirmed an “equal weight” rating and set a $100.00 price target on shares of Preferred Bank in a research report on Thursday, January 30th. Piper Sandler raised their price objective 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.

Preferred Bank Stock Up 2.9 %

Preferred Bank stock opened at $91.67 on Monday. Preferred Bank has a fifty-two week low of $66.88 and a fifty-two week high of $99.78. The firm’s 50-day simple moving average is $88.84 and its 200 day simple moving average is $85.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $1.32 billion, a PE ratio of 9.52 and a beta of 0.97.

Preferred Bank (NASDAQ:PFBC) last posted its quarterly earnings data on Monday, January 27th. The bank reported $2.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.17). Preferred Bank had a return on equity of 17.80% and a net margin of 25.00%.

Hedge Funds Weigh In On Preferred Bank

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in Preferred Bank by 24.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 186,107 shares of the bank’s stock valued at $14,935,000 after buying an additional 35,979 shares in the last quarter. Jane Street Group LLC boosted its stake in Preferred Bank by 43.8% during the third quarter. Jane Street Group LLC now owns 19,879 shares of the bank’s stock valued at $1,595,000 after buying an additional 6,056 shares during the period. Geode Capital Management LLC increased its stake in Preferred Bank by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 352,597 shares of the bank’s stock worth $28,300,000 after acquiring an additional 12,283 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Preferred Bank in the 3rd quarter valued at about $294,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Preferred Bank by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 415,722 shares of the bank’s stock worth $33,362,000 after purchasing an additional 7,086 shares in the last quarter. Hedge funds and other institutional investors own 72.77% of the company’s stock.

Preferred Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Friday, January 10th. This is a boost from Preferred Bank’s previous quarterly dividend of $0.70. Preferred Bank’s dividend payout ratio is currently 31.15%.

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.