Truist Financial Corp Invests $1.10 Million in Professional Holding Corp. (NASDAQ:PFHD)

Truist Financial Corp bought a new position in Professional Holding Corp. (NASDAQ:PFHDGet Rating) in the 3rd quarter, Holdings Channel.com reports. The fund bought 42,500 shares of the company’s stock, valued at approximately $1,102,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dorsey Wright & Associates bought a new stake in shares of Professional in the 2nd quarter worth about $39,000. Legal & General Group Plc bought a new stake in shares of Professional in the 2nd quarter worth about $41,000. Bank of America Corp DE increased its position in shares of Professional by 280.3% in the 1st quarter. Bank of America Corp DE now owns 1,795 shares of the company’s stock worth $41,000 after purchasing an additional 1,323 shares during the last quarter. American International Group Inc. bought a new stake in shares of Professional in the 2nd quarter worth about $121,000. Finally, Citigroup Inc. bought a new stake in shares of Professional in the 1st quarter worth about $192,000. Institutional investors own 65.27% of the company’s stock.

Professional Stock Down 0.7 %

Shares of NASDAQ:PFHD opened at $27.78 on Friday. Professional Holding Corp. has a fifty-two week low of $18.67 and a fifty-two week high of $31.25. The firm has a 50-day simple moving average of $28.47 and a 200 day simple moving average of $26.84. The company has a market cap of $383.75 million, a PE ratio of 17.81 and a beta of 0.23.

Professional (NASDAQ:PFHDGet Rating) last announced its quarterly earnings data on Friday, October 28th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Professional had a net margin of 22.42% and a return on equity of 10.47%. The business had revenue of $26.02 million during the quarter, compared to the consensus estimate of $24.95 million. As a group, research analysts forecast that Professional Holding Corp. will post 1.96 EPS for the current fiscal year.

About Professional

(Get Rating)

Professional Holding Corp. operates primarily through its subsidiary, Professional Bank, provides banking products and services to small and medium sized businesses, other professionals, and entrepreneurs. Its deposit products include checking, NOW, savings, and money market accounts, as well as IRAs and certificates of deposit.

Further Reading

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Institutional Ownership by Quarter for Professional (NASDAQ:PFHD)

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