XTX Topco Ltd Has $451,000 Stake in Preferred Bank (NASDAQ:PFBC)

XTX Topco Ltd increased its stake in shares of Preferred Bank (NASDAQ:PFBC) by 85.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,616 shares of the bank’s stock after acquiring an additional 2,589 shares during the period. XTX Topco Ltd’s holdings in Preferred Bank were worth $451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Preferred Bank during the third quarter worth $294,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Preferred Bank by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 415,722 shares of the bank’s stock worth $33,362,000 after acquiring an additional 7,086 shares during the period. Quest Partners LLC raised its holdings in shares of Preferred Bank by 1,376.8% during the third quarter. Quest Partners LLC now owns 8,137 shares of the bank’s stock worth $653,000 after acquiring an additional 7,586 shares during the period. CWM LLC raised its holdings in shares of Preferred Bank by 140.0% during the third quarter. CWM LLC now owns 2,503 shares of the bank’s stock worth $201,000 after acquiring an additional 1,460 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in shares of Preferred Bank by 62.5% during the third quarter. GSA Capital Partners LLP now owns 31,726 shares of the bank’s stock worth $2,546,000 after acquiring an additional 12,197 shares during the period. 72.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Stephens lowered shares of Preferred Bank from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 9th.

Preferred Bank Stock Down 0.5 %

Shares of PFBC stock opened at $92.35 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.20. Preferred Bank has a 1 year low of $66.88 and a 1 year high of $99.78. The firm’s fifty day moving average price is $89.37 and its two-hundred day moving average price is $82.21. The firm has a market capitalization of $1.33 billion, a P/E ratio of 9.25 and a beta of 0.96.

Preferred Bank (NASDAQ:PFBC) last issued its quarterly earnings results on Monday, October 21st. The bank reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.07. Preferred Bank had a net margin of 26.20% and a return on equity of 19.01%. The firm had revenue of $132.88 million for the quarter, compared to analyst estimates of $68.80 million. During the same period in the previous year, the business earned $2.71 EPS. On average, equities analysts predict that Preferred Bank will post 9.75 EPS for the current fiscal year.

Preferred Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, October 7th. This represents a $2.80 annualized dividend and a dividend yield of 3.03%. Preferred Bank’s dividend payout ratio is presently 28.06%.

Preferred Bank 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.