Preferred Bank $PFBC Position Increased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Preferred Bank (NASDAQ:PFBC) by 675.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,417 shares of the bank’s stock after purchasing an additional 21,269 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Preferred Bank were worth $2,395,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Preferred Bank by 1,224.0% during the second quarter. EverSource Wealth Advisors LLC now owns 331 shares of the bank’s stock worth $29,000 after buying an additional 306 shares in the last quarter. Quarry LP boosted its holdings in Preferred Bank by 1,992.0% during the third quarter. Quarry LP now owns 523 shares of the bank’s stock worth $47,000 after buying an additional 498 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in Preferred Bank during the third quarter worth approximately $70,000. NewEdge Advisors LLC boosted its holdings in Preferred Bank by 350.7% during the second quarter. NewEdge Advisors LLC now owns 1,316 shares of the bank’s stock worth $114,000 after buying an additional 1,024 shares in the last quarter. Finally, PharVision Advisers LLC bought a new stake in Preferred Bank during the third quarter worth approximately $275,000. 72.77% of the stock is currently owned by institutional investors.

Preferred Bank Stock Up 0.8%

Shares of Preferred Bank stock opened at $95.47 on Friday. The stock has a 50-day moving average price of $91.34 and a 200 day moving average price of $92.47. The company has a market cap of $1.38 billion, a P/E ratio of 8.94 and a beta of 0.57. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. Preferred Bank has a 1 year low of $79.60 and a 1 year high of $103.05.

Preferred Bank (NASDAQ:PFBC) last released its earnings results on Wednesday, April 22nd. The bank reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.05. Preferred Bank had a return on equity of 17.52% and a net margin of 26.49%.The company had revenue of $69.62 million for the quarter, compared to analysts’ expectations of $71.76 million. As a group, analysts expect that Preferred Bank will post 10.58 EPS for the current fiscal year.

Preferred Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, April 7th. Preferred Bank’s payout ratio is 29.96%.

Wall Street Analysts Forecast Growth

PFBC has been the subject of a number of research reports. Brean Capital cut shares of Preferred Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Stephens restated a “positive” rating on shares of Preferred Bank in a research report on Monday, January 26th. Piper Sandler upped their price target on shares of Preferred Bank from $105.00 to $111.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Janney Montgomery Scott began coverage on shares of Preferred Bank in a research report on Tuesday, February 24th. They issued a “neutral” rating and a $100.00 price target for the company. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $102.00.

About Preferred Bank

Preferred Bank (NASDAQ: PFBC) is a California-chartered commercial bank headquartered in Los Angeles. The institution offers a full range of banking products and services to businesses and individuals, with a particular emphasis on commercial real estate lending, business banking, treasury management and deposit accounts. Preferred Bank operates through branch offices across Southern California and national loan production offices in major U.S. markets.

The bank’s core lending portfolio focuses on commercial real estate acquisition, development and investment properties.