D.A. Davidson: DA Davidson Weighs in on Preferred Bank Q1 Earnings

Preferred Bank ( NASDAQ:PFBC - Free Report ) - Equities researchers at DA Davidson issued their Q1 2025 EPS estimates for Preferred Bank in a report released on Thursday, January 30th. DA Davidson analyst G. Tenner anticipates that the bank will post earnings of $2.28 per share for the quarter. 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 $9.29 per share. Preferred Bank ( NASDAQ:PFBC - Get Free Report ) last posted its quarterly earnings data on Monday, January 27th. The bank reported $2.25 earnings per share (EPS) 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%. Check Out Our Latest Stock Analysis on PFBC Preferred Bank Stock Up 1.1 % Shares of NASDAQ:PFBC opened at $91.36 on Friday. The company has a 50 day moving average of $89.08 and a 200-day moving average of $85.19. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.08 and a quick ratio of 1.08. Preferred Bank has a one year low of $66.88 and a one year high of $99.78. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 9.49 and a beta of 0.97. Institutional Investors Weigh In On Preferred Bank Institutional investors and hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund boosted its stake in Preferred Bank by 15.5% in the 4th quarter. New York State Common Retirement Fund now owns 26,222 shares of the bank's stock valued at $2,265,000 after purchasing an additional 3,516 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Preferred Bank by 4.3% during the fourth quarter. Principal Financial Group Inc. now owns 70,530 shares of the bank's stock worth $6,092,000 after purchasing an additional 2,884 shares during the last quarter. Meritage Portfolio Management increased its holdings in Preferred Bank by 223.1% in the fourth quarter. Meritage Portfolio Management now owns 14,729 shares of the bank's stock valued at $1,272,000 after purchasing an additional 10,171 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Preferred Bank by 19.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,976 shares of the bank's stock worth $778,000 after purchasing an additional 1,463 shares during the last quarter. Finally, SkyOak Wealth LLC acquired a new position in shares of Preferred Bank in the 4th quarter valued at about $281,000. 72.77% of the stock is owned by institutional investors. Preferred Bank Increases Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.28%. This is an increase from Preferred Bank's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, January 10th. Preferred Bank's dividend payout ratio (DPR) is currently 31.15%. Preferred Bank Company Profile ( Get Free Report ) 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. Read More Five stocks we like better than Preferred Bank Investing in Travel Stocks Benefits ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains Short Selling - The Pros and Cons Microsoft and Meta's AI Investment Plans Are Full Steam Ahead 3 Fintech Stocks With Good 2021 Prospects Beyond Self-Driving Cars: Factory Automation Takes Center Stage Receive News & Ratings for Preferred Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Preferred Bank and related companies with MarketBeat.com's FREE daily email newsletter .