LSV Asset Management held its stake in shares of Preferred Bank (NASDAQ:PFBC) during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,300 shares of the bank’s stock at the end of the second quarter. LSV Asset Management owned 0.07% of Preferred Bank worth $550,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen Asset Management LLC increased its stake in shares of Preferred Bank by 52.5% during the 1st quarter. Nuveen Asset Management LLC now owns 530,245 shares of the bank’s stock worth $28,453,000 after purchasing an additional 182,564 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Preferred Bank by 5.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 18,970 shares of the bank’s stock worth $1,014,000 after purchasing an additional 929 shares during the last quarter. FMR LLC increased its stake in shares of Preferred Bank by 1.5% during the 1st quarter. FMR LLC now owns 218,598 shares of the bank’s stock worth $11,730,000 after purchasing an additional 3,160 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Preferred Bank by 314.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 66,940 shares of the bank’s stock worth $3,592,000 after purchasing an additional 50,806 shares during the last quarter. Finally, John W. Rosenthal Capital Management Inc. increased its stake in shares of Preferred Bank by 2.5% during the 2nd quarter. John W. Rosenthal Capital Management Inc. now owns 32,325 shares of the bank’s stock worth $1,728,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.

Preferred Bank (NASDAQ:PFBC) opened at 55.21 on Friday. The firm has a market capitalization of $793.31 million, a price-to-earnings ratio of 18.96 and a beta of 0.95. Preferred Bank has a 1-year low of $34.31 and a 1-year high of $58.98. The company has a 50-day moving average of $53.93 and a 200-day moving average of $53.12.

Preferred Bank (NASDAQ:PFBC) last announced its quarterly earnings data on Tuesday, July 18th. The bank reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.05. The business had revenue of $32.55 million for the quarter, compared to analyst estimates of $31.78 million. Preferred Bank had a net margin of 28.91% and a return on equity of 14.05%. On average, equities analysts predict that Preferred Bank will post $3.21 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, October 5th. Preferred Bank’s dividend payout ratio (DPR) is currently 27.49%.

Several research analysts have recently commented on PFBC shares. ValuEngine upgraded shares of Preferred Bank from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Preferred Bank from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Stephens upgraded shares of Preferred Bank from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 10th. BidaskClub upgraded shares of Preferred Bank from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, FBR & Co reiterated a “buy” rating on shares of Preferred Bank in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Preferred Bank currently has an average rating of “Hold” and a consensus target price of $60.50.

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Preferred Bank Profile

Preferred Bank is a commercial bank. The Bank provides deposit services, as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high net worth individuals. The Bank offers various services, such as personal banking, business banking and treasury management.

Institutional Ownership by Quarter for Preferred Bank (NASDAQ:PFBC)

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