Tudor Investment Corp ET AL Has $581,000 Stock Holdings in Preferred Bank (NASDAQ:PFBC)

Tudor Investment Corp ET AL decreased its position in shares of Preferred Bank (NASDAQ:PFBC - Free Report) by 41.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,724 shares of the bank's stock after selling 4,732 shares during the quarter. Tudor Investment Corp ET AL's holdings in Preferred Bank were worth $581,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PFBC. Picton Mahoney Asset Management boosted its position in Preferred Bank by 110.7% in the 4th quarter. Picton Mahoney Asset Management now owns 550 shares of the bank's stock valued at $47,000 after buying an additional 289 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Preferred Bank by 217.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 562 shares of the bank's stock valued at $49,000 after purchasing an additional 385 shares during the period. R Squared Ltd acquired a new position in shares of Preferred Bank during the fourth quarter valued at approximately $65,000. KBC Group NV boosted its holdings in Preferred Bank by 46.2% during the fourth quarter. KBC Group NV now owns 914 shares of the bank's stock worth $79,000 after buying an additional 289 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Preferred Bank in the 4th quarter worth approximately $203,000. Hedge funds and other institutional investors own 72.77% of the company's stock.

Analyst Upgrades and Downgrades

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

Preferred Bank Trading Up 3.0%

NASDAQ:PFBC traded up $2.52 during trading hours on Monday, hitting $85.51. The stock had a trading volume of 125,453 shares, compared to its average volume of 85,642. Preferred Bank has a one year low of $71.43 and a one year high of $99.78. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 8.88 and a beta of 0.69. The business's 50 day moving average is $81.51 and its 200-day moving average is $86.69.

Preferred Bank (NASDAQ:PFBC - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $65.96 million for the quarter, compared to the consensus estimate of $70.78 million. Preferred Bank had a return on equity of 17.80% and a net margin of 25.00%. During the same period in the prior year, the company earned $2.44 EPS. Sell-side analysts anticipate that Preferred Bank will post 9.81 EPS for the current fiscal year.

Preferred Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 7th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Monday, April 7th. Preferred Bank's dividend payout ratio (DPR) is currently 31.85%.

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.