DA Davidson Predicts Increased Earnings for Preferred Bank

Preferred Bank (NASDAQ:PFBC) – DA Davidson upped their FY2025 earnings estimates for Preferred Bank in a research note issued to investors on Thursday, October 23rd. DA Davidson analyst G. Tenner now anticipates that the bank will earn $10.32 per share for the year, up from their previous forecast of $9.86. DA Davidson has a “Neutral” rating and a $104.00 price target on the stock. The consensus estimate for Preferred Bank’s current full-year earnings is $9.81 per share. DA Davidson also issued estimates for Preferred Bank’s FY2026 earnings at $10.37 EPS.

Preferred Bank (NASDAQ:PFBC) last announced its quarterly earnings data on Monday, October 20th. The bank reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.27. Preferred Bank had a net margin of 25.67% and a return on equity of 16.91%. The business had revenue of $74.98 million for the quarter, compared to analyst estimates of $72.74 million. During the same period in the prior year, the business posted $2.46 earnings per share.

Other equities research analysts have also issued reports about the stock. Piper Sandler increased their target price on shares of Preferred Bank from $112.00 to $119.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Preferred Bank in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $104.67.

Preferred Bank Trading Up 0.4%

Shares of NASDAQ PFBC opened at $93.42 on Monday. The company’s 50 day simple moving average is $91.94 and its 200 day simple moving average is $88.29. Preferred Bank has a fifty-two week low of $71.90 and a fifty-two week high of $99.78. The firm has a market capitalization of $1.35 billion, a P/E ratio of 9.49 and a beta of 0.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 1.07.

Preferred Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $3.00 annualized dividend and a dividend yield of 3.2%. Preferred Bank’s dividend payout ratio is currently 30.49%.

Institutional Investors Weigh In On Preferred Bank

Several large investors have recently made changes to their positions in PFBC. EverSource Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 306 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Preferred Bank during the first quarter worth $55,000. Copeland Capital Management LLC increased its position in shares of Preferred Bank by 16.2% during the second quarter. Copeland Capital Management LLC now owns 845 shares of the bank’s stock worth $73,000 after acquiring an additional 118 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of 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 acquiring an additional 1,024 shares in the last quarter. Finally, Rexford Capital Inc. bought a new stake in shares of Preferred Bank during the second quarter worth $128,000. Institutional investors 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.