Brokers Offer Predictions for Preferred Bank FY2025 Earnings

Preferred Bank (NASDAQ:PFBC) – Equities researchers at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for Preferred Bank in a report released on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the bank will earn $9.60 per share for the year, down from their previous estimate of $9.62. 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 $9.81 per share. DA Davidson also issued estimates for Preferred Bank’s FY2025 earnings at $9.60 EPS.

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

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

Preferred Bank Price Performance

Shares of PFBC opened at $76.01 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.08. Preferred Bank has a fifty-two week low of $70.99 and a fifty-two week high of $99.78. The firm has a 50-day simple moving average of $86.53 and a 200-day simple moving average of $86.90. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 7.89 and a beta of 0.71.

Institutional Investors Weigh In On Preferred Bank

A number of institutional investors have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management raised its stake in shares of Preferred Bank by 110.7% during the 4th quarter. Picton Mahoney Asset Management now owns 550 shares of the bank’s stock worth $47,000 after buying an additional 289 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Preferred Bank by 217.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 562 shares of the bank’s stock worth $49,000 after acquiring an additional 385 shares in the last quarter. R Squared Ltd acquired a new stake in Preferred Bank in the fourth quarter valued at $65,000. KBC Group NV boosted its position in shares of Preferred Bank by 46.2% during the 4th quarter. KBC Group NV now owns 914 shares of the bank’s stock worth $79,000 after purchasing an additional 289 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Preferred Bank during the 3rd quarter worth $76,000. Hedge funds and other institutional investors own 72.77% of the company’s stock.

Preferred Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be issued a dividend of $0.75 per share. The ex-dividend date is Monday, April 7th. This represents a $3.00 annualized dividend and a yield of 3.95%. Preferred Bank’s dividend payout ratio is currently 31.15%.

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.