DA Davidson Reduces Earnings Estimates for Preferred Bank

Preferred Bank (NASDAQ:PFBC) – Equities researchers at DA Davidson dropped their FY2025 EPS estimates for shares of Preferred Bank in a research note issued on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings per share of $8.67 for the year, down from their prior estimate of $8.75. The consensus estimate for Preferred Bank’s current full-year earnings is $9.75 per share.

Separately, Stephens cut shares of Preferred Bank from an “overweight” rating to an “equal weight” rating in a research report on Monday, December 9th.

Preferred Bank Stock Up 0.6 %

NASDAQ PFBC opened at $86.46 on Monday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 8.66 and a beta of 0.96. Preferred Bank has a 1-year low of $66.88 and a 1-year high of $99.78. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $90.23 and its two-hundred day moving average is $82.86.

Preferred Bank (NASDAQ:PFBC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.07. The business had revenue of $132.88 million for the quarter, compared to analyst estimates of $68.80 million. Preferred Bank had a return on equity of 19.01% and a net margin of 26.20%. During the same period in the previous year, the company posted $2.71 earnings per share.

Institutional Trading of Preferred Bank

A number of large investors have recently made changes to their positions in PFBC. Copeland Capital Management LLC acquired a new stake in shares of Preferred Bank during the third quarter worth about $54,000. Point72 DIFC Ltd boosted its holdings in shares of Preferred Bank by 69.9% in the 2nd 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 last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Preferred Bank in the 3rd quarter valued at about $76,000. Point72 Asset Management L.P. lifted its position in shares of Preferred Bank by 35.1% in the second quarter. Point72 Asset Management L.P. now owns 1,486 shares of the bank’s stock valued at $112,000 after buying an additional 386 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Preferred Bank by 194.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,906 shares of the bank’s stock worth $153,000 after acquiring an additional 1,258 shares during the last quarter. Institutional investors own 72.77% of the company’s stock.

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.