FY2025 EPS Estimates for Preferred Bank Reduced by Analyst

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

Preferred Bank (NASDAQ:PFBC) last posted its earnings results on Monday, October 21st. The bank reported $2.46 EPS for the quarter, beating the consensus estimate of $2.39 by $0.07. Preferred Bank had a return on equity of 19.01% and a net margin of 26.20%. The firm had revenue of $132.88 million for the quarter, compared to analysts’ expectations of $68.80 million. During the same period last year, the firm earned $2.71 EPS.

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

Preferred Bank Stock Performance

Shares of PFBC opened at $86.46 on Monday. The firm has a 50-day moving average price of $90.23 and a 200 day moving average price of $82.86. The firm has a market capitalization of $1.25 billion, a PE ratio of 8.66 and a beta of 0.96. Preferred Bank has a 52-week low of $66.88 and a 52-week high of $99.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.20.

Institutional Trading of Preferred Bank

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Copeland Capital Management LLC acquired a new stake in Preferred Bank during the 3rd quarter worth about $54,000. Point72 DIFC Ltd raised its stake in Preferred Bank by 69.9% during the 2nd quarter. Point72 DIFC Ltd now owns 848 shares of the bank’s stock valued at $64,000 after purchasing an additional 349 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Preferred Bank in the third quarter worth $76,000. Point72 Asset Management L.P. grew its holdings in shares of Preferred Bank by 35.1% during 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 in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in 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 period. 72.77% of the stock is currently owned by 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.