FY2025 EPS Forecast for Preferred Bank Decreased by Analyst

Preferred Bank (NASDAQ:PFBC) – Stock analysts at DA Davidson decreased their FY2025 EPS estimates for Preferred Bank in a research report issued to clients and investors 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 prior forecast of $8.75. The consensus estimate for Preferred Bank’s current full-year earnings is $9.75 per share.

Preferred Bank (NASDAQ:PFBC) last released its quarterly earnings results on Monday, October 21st. The bank reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.07. The business had revenue of $132.88 million for the quarter, compared to analysts’ expectations of $68.80 million. Preferred Bank had a net margin of 26.20% and a return on equity of 19.01%. During the same period last year, the business earned $2.71 EPS.

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

Preferred Bank Price Performance

Shares of PFBC opened at $86.74 on Monday. The company has a 50 day moving average of $90.23 and a two-hundred day moving average of $82.86. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.20. Preferred Bank has a twelve month low of $66.88 and a twelve month high of $99.78. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 8.69 and a beta of 0.96.

Hedge Funds Weigh In On Preferred Bank

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in Preferred Bank by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 680,337 shares of the bank’s stock worth $51,357,000 after purchasing an additional 4,539 shares during the last quarter. State Street Corp lifted its stake in shares of Preferred Bank by 0.4% during the third quarter. State Street Corp now owns 592,566 shares of the bank’s stock worth $47,553,000 after buying an additional 2,339 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Preferred Bank by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 415,722 shares of the bank’s stock valued at $33,362,000 after buying an additional 7,086 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Preferred Bank by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 352,597 shares of the bank’s stock valued at $28,300,000 after acquiring an additional 12,283 shares during the period. Finally, LSV Asset Management raised its stake in Preferred Bank by 121.0% in the 2nd quarter. LSV Asset Management now owns 171,330 shares of the bank’s stock worth $12,934,000 after acquiring an additional 93,815 shares during 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.