FY2025 EPS Forecast for Preferred Bank Reduced by Analyst

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

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

Preferred Bank Trading Up 0.3 %

PFBC stock opened at $86.74 on Monday. 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. The firm has a market cap of $1.25 billion, a P/E ratio of 8.69 and a beta of 0.96. The company’s 50-day simple moving average is $90.23 and its 200-day simple moving average is $82.86.

Preferred Bank (NASDAQ:PFBC) last released its quarterly 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 net margin of 26.20% and a return on equity of 19.01%. The company had revenue of $132.88 million for the quarter, compared to analyst estimates of $68.80 million. During the same quarter last year, the business earned $2.71 earnings per share.

Institutional Investors Weigh In On Preferred Bank

Several institutional investors and hedge funds have recently added to or reduced their stakes in PFBC. Copeland Capital Management LLC purchased a new position in Preferred Bank during the third quarter valued at $54,000. Point72 DIFC Ltd raised its position in shares of Preferred Bank by 69.9% during the 2nd quarter. Point72 DIFC Ltd now owns 848 shares of the bank’s stock worth $64,000 after purchasing an additional 349 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Preferred Bank in the 3rd quarter valued at about $76,000. Point72 Asset Management L.P. boosted its holdings in Preferred Bank by 35.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,486 shares of the bank’s stock worth $112,000 after buying an additional 386 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake 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 buying an additional 1,258 shares in the last quarter. Hedge funds and other institutional investors own 72.77% of the company’s stock.

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. 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.