AJOVista LLC Buys New Stake in Preferred Bank (NASDAQ:PFBC)

AJOVista LLC bought a new stake in Preferred Bank (NASDAQ:PFBC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,377 shares of the bank’s stock, valued at approximately $101,000.

A number of other large investors also recently added to or reduced their stakes in PFBC. BluePath Capital Management LLC acquired a new stake in shares of Preferred Bank in the third quarter valued at $33,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Preferred Bank during the fourth quarter worth about $34,000. Everence Capital Management Inc. purchased a new position in shares of Preferred Bank in the fourth quarter valued at approximately $213,000. SG Americas Securities LLC acquired a new position in shares of Preferred Bank in the third quarter valued at approximately $232,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of Preferred Bank in the third quarter valued at approximately $311,000. 72.77% of the stock is currently owned by institutional investors and hedge funds.

Preferred Bank Stock Up 1.9 %

Preferred Bank stock traded up $1.45 during mid-day trading on Friday, reaching $79.37. 111,310 shares of the company’s stock were exchanged, compared to its average volume of 89,719. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.21. Preferred Bank has a twelve month low of $42.42 and a twelve month high of $79.98. The company has a market cap of $1.15 billion, a P/E ratio of 7.66 and a beta of 1.02. The company has a fifty day moving average of $74.36 and a 200-day moving average of $70.42.

Preferred Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a $0.70 dividend. The ex-dividend date was Thursday, April 4th. This represents a $2.80 dividend on an annualized basis and a yield of 3.53%. Preferred Bank’s dividend payout ratio (DPR) 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.