Quest Partners LLC Takes $402,000 Position in Preferred Bank (NASDAQ:PFBC)

Quest Partners LLC acquired a new stake in shares of Preferred Bank (NASDAQ:PFBC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,503 shares of the bank’s stock, valued at approximately $402,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trexquant Investment LP purchased a new position in Preferred Bank in the 4th quarter valued at approximately $942,000. Dimensional Fund Advisors LP boosted its stake in Preferred Bank by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 667,256 shares of the bank’s stock valued at $48,745,000 after acquiring an additional 10,259 shares during the last quarter. Versor Investments LP lifted its position in Preferred Bank by 165.2% in the 4th quarter. Versor Investments LP now owns 16,054 shares of the bank’s stock valued at $1,173,000 after purchasing an additional 10,000 shares during the last quarter. Gladius Capital Management LP grew its stake in shares of Preferred Bank by 518.1% in the 4th quarter. Gladius Capital Management LP now owns 445 shares of the bank’s stock worth $33,000 after purchasing an additional 373 shares during the last quarter. Finally, Gallacher Capital Management LLC acquired a new stake in shares of Preferred Bank during the fourth quarter worth approximately $510,000. Institutional investors own 72.77% of the company’s stock.

Preferred Bank Stock Performance

Preferred Bank stock traded up $1.05 on Friday, hitting $76.65. The company’s stock had a trading volume of 47,339 shares, compared to its average volume of 71,895. Preferred Bank has a one year low of $45.79 and a one year high of $81.13. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $76.13 and a 200-day moving average price of $72.20. The firm has a market cap of $1.11 billion, a P/E ratio of 7.40 and a beta of 1.02.

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

Preferred Bank Dividend Announcement

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

About Preferred Bank

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.