Swiss National Bank Reduces Stake in Preferred Bank (NASDAQ:PFBC)

Swiss National Bank cut its stake in shares of Preferred Bank (NASDAQ:PFBC) by 10.9% during the fourth quarter, HoldingsChannel reports. The firm owned 26,989 shares of the bank’s stock after selling 3,300 shares during the quarter. Swiss National Bank’s holdings in Preferred Bank were worth $1,972,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. purchased a new stake in Preferred Bank during the 4th quarter valued at $34,000. Everence Capital Management Inc. bought a new stake in shares of Preferred Bank in the 4th quarter worth about $213,000. Alps Advisors Inc. boosted its stake in shares of Preferred Bank by 6.0% during the 3rd quarter. Alps Advisors Inc. now owns 5,408 shares of the bank’s stock worth $337,000 after purchasing an additional 306 shares during the period. Louisiana State Employees Retirement System bought a new position in Preferred Bank during the 4th quarter valued at about $460,000. Finally, Intrust Bank NA raised its position in Preferred Bank by 27.2% in the 4th quarter. Intrust Bank NA now owns 6,385 shares of the bank’s stock worth $466,000 after purchasing an additional 1,365 shares during the period. 72.77% of the stock is owned by institutional investors.

Preferred Bank Stock Up 1.4 %

Shares of NASDAQ:PFBC opened at $76.65 on Friday. The firm has a market capitalization of $1.11 billion, a PE ratio of 7.40 and a beta of 1.02. The business has a 50 day simple moving average of $76.13 and a two-hundred day simple moving average of $72.20. Preferred Bank has a 1 year low of $45.79 and a 1 year high of $81.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.07 and a quick ratio of 1.07.

Preferred Bank (NASDAQ:PFBC) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.04. Preferred Bank had a return on equity of 21.28% and a net margin of 28.70%. The company had revenue of $71.57 million during the quarter, compared to analysts’ expectations of $68.60 million. On average, equities analysts predict that Preferred Bank will post 9.69 EPS for the current year.

Preferred Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Thursday, April 4th. Preferred Bank’s dividend payout ratio is presently 27.03%.

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 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.