Eqis Capital Management Inc. lifted its stake in Preferred Bank (NASDAQ:PFBC) by 26.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,577 shares of the bank’s stock after buying an additional 1,172 shares during the period. Eqis Capital Management Inc.’s holdings in Preferred Bank were worth $328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PFBC. Phocas Financial Corp. purchased a new stake in shares of Preferred Bank in the second quarter worth about $8,623,000. State Street Corp boosted its position in shares of Preferred Bank by 61.7% in the second quarter. State Street Corp now owns 388,696 shares of the bank’s stock worth $20,782,000 after buying an additional 148,363 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Preferred Bank by 209.9% in the second quarter. Ameriprise Financial Inc. now owns 140,126 shares of the bank’s stock worth $7,491,000 after buying an additional 94,905 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Preferred Bank by 75.5% in the third quarter. Allianz Asset Management GmbH now owns 159,543 shares of the bank’s stock worth $9,628,000 after buying an additional 68,612 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Preferred Bank by 8.3% in the third quarter. Dimensional Fund Advisors LP now owns 525,325 shares of the bank’s stock worth $31,703,000 after buying an additional 40,270 shares during the period. 80.12% of the stock is owned by institutional investors.

Preferred Bank (PFBC) opened at $63.69 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.35. Preferred Bank has a one year low of $46.88 and a one year high of $67.65. The company has a market capitalization of $852.47, a PE ratio of 21.44, a P/E/G ratio of 1.42 and a beta of 0.96.

Preferred Bank (NASDAQ:PFBC) last released its quarterly earnings results on Monday, January 22nd. The bank reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.08. Preferred Bank had a return on equity of 16.69% and a net margin of 26.51%. The business had revenue of $35.78 million for the quarter, compared to analysts’ expectations of $36.37 million. analysts forecast that Preferred Bank will post 4.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 22nd. Investors of record on Monday, January 8th were paid a $0.22 dividend. This is a boost from Preferred Bank’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, January 5th. This represents a $0.88 annualized dividend and a dividend yield of 1.38%. Preferred Bank’s payout ratio is 29.63%.

Several equities research analysts have recently weighed in on the company. FBR & Co reaffirmed a “buy” rating and issued a $70.00 target price (up previously from $65.00) on shares of Preferred Bank in a research report on Wednesday, October 25th. B. Riley reaffirmed a “buy” rating and issued a $76.00 target price on shares of Preferred Bank in a research report on Wednesday, January 24th. BidaskClub raised Preferred Bank from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Sandler O’Neill reaffirmed a “buy” rating and issued a $73.00 target price on shares of Preferred Bank in a research report on Tuesday, January 23rd. Finally, ValuEngine downgraded Preferred Bank from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $72.60.

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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.

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

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