Preferred Bank (NASDAQ:PFBC) Stock Position Lowered by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lessened its position in Preferred Bank (NASDAQ:PFBC) by 12.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,283 shares of the bank’s stock after selling 764 shares during the period. Exchange Traded Concepts LLC’s holdings in Preferred Bank were worth $386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Management Professionals Inc. bought a new stake in shares of Preferred Bank in the 3rd quarter worth $28,000. Quadrant Capital Group LLC raised its stake in shares of Preferred Bank by 169.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 557 shares of the bank’s stock worth $31,000 after buying an additional 350 shares in the last quarter. BluePath Capital Management LLC bought a new stake in shares of Preferred Bank in the 3rd quarter worth $33,000. Captrust Financial Advisors raised its stake in shares of Preferred Bank by 887.8% in the 1st quarter. Captrust Financial Advisors now owns 484 shares of the bank’s stock worth $36,000 after buying an additional 435 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of Preferred Bank in the 4th quarter worth $44,000. Institutional investors own 74.93% of the company’s stock.

Preferred Bank Stock Up 3.7 %

PFBC opened at $74.80 on Thursday. Preferred Bank has a one year low of $42.42 and a one year high of $77.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s fifty day moving average is $71.95 and its 200-day moving average is $67.56. The company has a market capitalization of $1.08 billion, a PE ratio of 7.10 and a beta of 1.03.

Preferred Bank (NASDAQ:PFBC) last issued its earnings results on Thursday, January 25th. The bank reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.06. The business had revenue of $127.07 million for the quarter, compared to analysts’ expectations of $72.84 million. Preferred Bank had a return on equity of 22.30% and a net margin of 30.93%. During the same period in the previous year, the firm posted $2.71 EPS. On average, equities analysts predict that Preferred Bank will post 9.13 EPS for the current fiscal year.

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 in the United States. 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.