FY2025 EPS Forecast for Preferred Bank Boosted by Analyst

Preferred Bank (NASDAQ:PFBC) – Stock analysts at DA Davidson increased their FY2025 earnings estimates for Preferred Bank in a research note issued to 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 prior forecast of $8.67. DA Davidson currently has a “Neutral” rating and a $101.00 target price on the stock. The consensus estimate for Preferred Bank’s current full-year earnings is $9.58 per share.

Preferred Bank (NASDAQ:PFBC) last issued its 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%.

A number of other research analysts have also commented on the company. Piper Sandler upped their price objective on Preferred Bank from $101.00 to $111.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Stephens restated an “equal weight” rating and set a $100.00 target price on shares of Preferred Bank in a research report on Thursday, January 30th.

Preferred Bank Price Performance

NASDAQ:PFBC opened at $91.67 on Monday. The firm’s fifty day moving average price is $88.84 and its two-hundred day moving average price is $85.28. 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 company has a market cap of $1.32 billion, a P/E ratio of 9.52 and a beta of 0.97. Preferred Bank has a one year low of $66.88 and a one year high of $99.78.

Institutional Trading of Preferred Bank

Several institutional investors have recently modified their holdings of the business. Denali Advisors LLC bought a new position in Preferred Bank during the 4th quarter worth approximately $674,000. New York State Common Retirement Fund grew its stake in Preferred Bank by 15.5% during the fourth quarter. New York State Common Retirement Fund now owns 26,222 shares of the bank’s stock worth $2,265,000 after purchasing an additional 3,516 shares during the period. Principal Financial Group Inc. lifted its stake in Preferred Bank by 4.3% in the fourth quarter. Principal Financial Group Inc. now owns 70,530 shares of the bank’s stock valued at $6,092,000 after buying an additional 2,884 shares during the period. Meritage Portfolio Management boosted its holdings in shares of Preferred Bank by 223.1% during the 4th quarter. Meritage Portfolio Management now owns 14,729 shares of the bank’s stock worth $1,272,000 after buying an additional 10,171 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Preferred Bank by 19.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,976 shares of the bank’s stock valued at $778,000 after acquiring an additional 1,463 shares in the last quarter. Institutional investors own 72.77% of the company’s stock.

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 represents a $3.00 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Friday, January 10th. This is a positive change from Preferred Bank’s previous quarterly dividend of $0.70. Preferred Bank’s dividend payout ratio (DPR) is 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.