Preferred Bank (NASDAQ:PFBC - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $79.77 and last traded at $79.77, with a volume of 20875 shares changing hands. The stock had previously closed at $78.20.
Preferred Bank Stock Down 0.4 %
The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $1.12 billion, a P/E ratio of 7.53 and a beta of 1.02. The business's fifty day moving average is $74.11 and its two-hundred day moving average is $70.20.
Preferred Bank Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Thursday, April 4th. Preferred Bank's payout ratio is currently 27.03%.
Institutional Trading of Preferred Bank
Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its stake in shares of Preferred Bank by 78.3% in the 1st quarter. BNP Paribas Financial Markets now owns 15,564 shares of the bank's stock valued at $1,195,000 after purchasing an additional 6,833 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Preferred Bank during the first quarter worth $786,000. Principal Financial Group Inc. grew its holdings in shares of Preferred Bank by 2.7% during the first quarter. Principal Financial Group Inc. now owns 73,319 shares of the bank's stock worth $5,629,000 after buying an additional 1,927 shares in the last quarter. Quadrature Capital Ltd grew its holdings in shares of Preferred Bank by 96.7% during the fourth quarter. Quadrature Capital Ltd now owns 16,959 shares of the bank's stock worth $1,236,000 after buying an additional 8,338 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in shares of Preferred Bank by 50.7% in the fourth quarter. Rafferty Asset Management LLC now owns 20,354 shares of the bank's stock valued at $1,487,000 after purchasing an additional 6,850 shares during the period. 72.77% of the stock is currently owned by institutional investors and hedge funds.
About Preferred Bank
(
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 in the United States. 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.
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