Analysts Issue Forecasts for Preferred Bank Q1 Earnings

Preferred Bank (NASDAQ:PFBC) – Research analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Preferred Bank in a research note issued to investors on Thursday, January 30th. DA Davidson analyst G. Tenner expects that the bank will post earnings per share of $2.28 for the quarter. DA Davidson has a “Neutral” rating and a $101.00 price target on the stock. The consensus estimate for Preferred Bank’s current full-year earnings is $9.29 per share.

Separately, Stephens reissued an “equal weight” rating and issued a $100.00 target price on shares of Preferred Bank in a research note on Thursday.

Preferred Bank Price Performance

PFBC opened at $90.38 on Friday. 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 $1.30 billion, a P/E ratio of 9.39 and a beta of 0.97. The company’s 50 day simple moving average is $89.23 and its 200-day simple moving average is $85.06. Preferred Bank has a one year low of $66.88 and a one year high of $99.78.

Preferred Bank (NASDAQ:PFBC) last released its quarterly earnings results 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 net margin of 25.00% and a return on equity of 17.80%.

Hedge Funds Weigh In On Preferred Bank

A number of hedge funds and other institutional investors have recently bought and sold shares of PFBC. JPMorgan Chase & Co. lifted its stake in shares of Preferred Bank by 24.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 186,107 shares of the bank’s stock valued at $14,935,000 after purchasing an additional 35,979 shares during the period. AQR Capital Management LLC increased its holdings in Preferred Bank by 24.7% in the second quarter. AQR Capital Management LLC now owns 77,745 shares of the bank’s stock valued at $5,869,000 after purchasing an additional 15,391 shares during the last quarter. De Lisle Partners LLP lifted its stake in Preferred Bank by 51.8% in the third quarter. De Lisle Partners LLP now owns 41,034 shares of the bank’s stock valued at $3,290,000 after buying an additional 14,000 shares during the period. Geode Capital Management LLC grew its position in shares of Preferred Bank by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 352,597 shares of the bank’s stock worth $28,300,000 after buying an additional 12,283 shares during the period. Finally, GSA Capital Partners LLP grew its position in shares of Preferred Bank by 62.5% during the 3rd quarter. GSA Capital Partners LLP now owns 31,726 shares of the bank’s stock worth $2,546,000 after buying an additional 12,197 shares during the period. 72.77% of the stock is owned by institutional investors.

Preferred Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 9th were issued a $0.75 dividend. This is a positive change from Preferred Bank’s previous quarterly dividend of $0.70. This represents a $3.00 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Friday, January 10th. Preferred Bank’s dividend payout ratio is currently 31.15%.

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.