Preferred Bank (NASDAQ:PFBC) Price Target Lowered to $90.00 at DA Davidson

Preferred Bank (NASDAQ:PFBC - Free Report) had its price target reduced by DA Davidson from $95.00 to $90.00 in a research report sent to investors on Monday morning, MarketBeat reports. DA Davidson currently has a neutral rating on the bank's stock. DA Davidson also issued estimates for Preferred Bank's Q2 2025 earnings at $2.41 EPS and FY2026 earnings at $9.71 EPS.

A number of other research firms have also issued reports on PFBC. Piper Sandler upped their target price 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 reaffirmed an "equal weight" rating and set a $100.00 price objective on shares of Preferred Bank in a research note on Thursday, January 30th.

Preferred Bank Stock Performance

Shares of NASDAQ:PFBC traded up $1.96 during midday trading on Monday, hitting $82.38. The stock had a trading volume of 96,737 shares, compared to its average volume of 84,030. Preferred Bank has a 1 year low of $71.43 and a 1 year high of $99.78. The stock has a 50 day moving average price of $82.04 and a two-hundred day moving average price of $86.72. The company has a market capitalization of $1.19 billion, a PE ratio of 8.55 and a beta of 0.69. 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 (NASDAQ:PFBC - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The bank reported $2.23 earnings per share for the quarter, missing analysts' consensus estimates of $2.33 by ($0.10). Preferred Bank had a net margin of 25.00% and a return on equity of 17.80%. The business had revenue of $65.96 million during the quarter, compared to analysts' expectations of $70.78 million. During the same quarter last year, the firm earned $2.44 earnings per share. As a group, equities analysts predict that Preferred Bank will post 9.81 earnings per share for the current fiscal year.

Preferred Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were issued a dividend of $0.75 per share. The ex-dividend date was Monday, April 7th. This represents a $3.00 annualized dividend and a dividend yield of 3.64%. Preferred Bank's payout ratio is currently 31.85%.

Institutional Trading of Preferred Bank

Several large investors have recently bought and sold shares of the company. CWM LLC boosted its stake in shares of Preferred Bank by 10.7% during the 1st quarter. CWM LLC now owns 2,779 shares of the bank's stock valued at $232,000 after buying an additional 269 shares during the last quarter. New York State Common Retirement Fund boosted its position in Preferred Bank by 29.0% during the 1st quarter. New York State Common Retirement Fund now owns 33,822 shares of the bank's stock valued at $2,830,000 after purchasing an additional 7,600 shares during the period. Principal Financial Group Inc. grew its position in shares of Preferred Bank by 2.8% during the first quarter. Principal Financial Group Inc. now owns 72,537 shares of the bank's stock worth $6,068,000 after acquiring an additional 2,007 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Preferred Bank by 51.4% during the first quarter. Teacher Retirement System of Texas now owns 3,842 shares of the bank's stock valued at $321,000 after buying an additional 1,304 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Preferred Bank by 40.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,488 shares of the bank's stock worth $794,000 after purchasing an additional 2,724 shares in the last quarter. Institutional investors and hedge funds own 72.77% of the company's stock.

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.