FY2025 EPS Forecast for Preferred Bank Lowered by Analyst

Preferred Bank (NASDAQ:PFBC) – Stock analysts at DA Davidson reduced their FY2025 EPS estimates for Preferred Bank in a research note issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the bank will earn $9.60 per share for the year, down from their prior forecast of $9.62. DA Davidson 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 $9.81 per share. DA Davidson also issued estimates for Preferred Bank’s FY2025 earnings at $9.60 EPS.

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

PFBC has been the topic of several other research reports. Stephens restated an “equal weight” rating and set a $100.00 price target on shares of Preferred Bank in a report on Thursday, January 30th. Piper Sandler boosted their price objective on Preferred Bank from $101.00 to $111.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st.

Preferred Bank Stock Down 1.8 %

Preferred Bank stock opened at $76.01 on Friday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 7.89 and a beta of 0.71. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.19. Preferred Bank has a twelve month low of $70.99 and a twelve month high of $99.78. The stock’s fifty day simple moving average is $86.53 and its 200-day simple moving average is $86.90.

Preferred Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Monday, April 7th. Preferred Bank’s dividend payout ratio (DPR) is presently 31.15%.

Institutional Trading of Preferred Bank

A number of institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Preferred Bank in the 4th quarter valued at about $209,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Preferred Bank during the fourth quarter worth approximately $1,246,000. Jefferies Financial Group Inc. purchased a new stake in shares of Preferred Bank during the 4th quarter worth approximately $1,407,000. Squarepoint Ops LLC boosted its holdings in shares of Preferred Bank by 31.5% in the 4th quarter. Squarepoint Ops LLC now owns 21,261 shares of the bank’s stock valued at $1,837,000 after buying an additional 5,098 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in shares of Preferred Bank by 0.3% in the 4th quarter. Nuveen Asset Management LLC now owns 468,759 shares of the bank’s stock valued at $40,491,000 after buying an additional 1,443 shares during the last quarter. 72.77% of the stock is owned by hedge funds and other institutional investors.

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.