16,285 Shares in Preferred Bank (NASDAQ:PFBC) Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in Preferred Bank (NASDAQ:PFBC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,285 shares of the bank's stock, valued at approximately $1,407,000. Jefferies Financial Group Inc. owned approximately 0.11% of Preferred Bank at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Kennedy Capital Management LLC lifted its holdings in shares of Preferred Bank by 274.2% during the 4th quarter. Kennedy Capital Management LLC now owns 90,218 shares of the bank's stock valued at $7,793,000 after buying an additional 66,107 shares during the last quarter. American Century Companies Inc. lifted its stake in Preferred Bank by 44.7% in the fourth quarter. American Century Companies Inc. now owns 199,628 shares of the bank's stock valued at $17,244,000 after acquiring an additional 61,655 shares during the last quarter. Deutsche Bank AG lifted its stake in Preferred Bank by 405.8% in the fourth quarter. Deutsche Bank AG now owns 36,366 shares of the bank's stock valued at $3,141,000 after acquiring an additional 29,176 shares during the last quarter. Hsbc Holdings PLC grew its position in Preferred Bank by 11.9% in the fourth quarter. Hsbc Holdings PLC now owns 261,130 shares of the bank's stock worth $22,815,000 after acquiring an additional 27,760 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Preferred Bank by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 434,590 shares of the bank's stock worth $37,540,000 after purchasing an additional 18,868 shares during the last quarter. 72.77% of the stock is currently owned by institutional investors and hedge funds.

Preferred Bank Stock Performance

Shares of NASDAQ:PFBC traded down $0.27 during midday trading on Tuesday, hitting $84.75. The company's stock had a trading volume of 8,861 shares, compared to its average volume of 86,849. The stock's 50 day simple moving average is $81.84 and its 200 day simple moving average is $86.74. Preferred Bank has a fifty-two week low of $71.43 and a fifty-two week high of $99.78. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 8.80 and a beta of 0.69. 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 (NASDAQ:PFBC - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The bank reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.10). Preferred Bank had a return on equity of 17.80% and a net margin of 25.00%. The company had revenue of $65.96 million during the quarter, compared to analyst estimates of $70.78 million. During the same quarter in the prior year, the business earned $2.44 earnings per share. As a group, research analysts anticipate that Preferred Bank will post 9.81 earnings per share for the current year.

Preferred Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were paid a $0.75 dividend. The ex-dividend date was Monday, April 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.54%. Preferred Bank's payout ratio is 31.85%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PFBC shares. Piper Sandler reduced their price objective on shares of Preferred Bank from $108.00 to $96.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. DA Davidson reduced their price target on Preferred Bank from $95.00 to $90.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Stephens reiterated an "equal weight" rating and set a $91.00 price target on shares of Preferred Bank in a research note on Tuesday, April 29th.

Preferred Bank 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.