Public Employees Retirement System of Ohio purchased a new position in shares of Preferred Bank (NASDAQ:PFBC – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,540 shares of the bank’s stock, valued at approximately $407,000.
Other institutional investors also recently bought and sold shares of the company. Osaic Holdings Inc. grew its position in shares of Preferred Bank by 8.9% during the second quarter. Osaic Holdings Inc. now owns 1,888 shares of the bank’s stock worth $104,000 after acquiring an additional 154 shares during the last quarter. Federated Hermes Inc. grew its position in Preferred Bank by 0.8% during the 1st quarter. Federated Hermes Inc. now owns 22,423 shares of the bank’s stock worth $1,661,000 after purchasing an additional 175 shares during the last quarter. Yousif Capital Management LLC increased its stake in Preferred Bank by 2.9% in the third quarter. Yousif Capital Management LLC now owns 7,149 shares of the bank’s stock valued at $445,000 after purchasing an additional 200 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in Preferred Bank by 4.4% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 4,746 shares of the bank’s stock valued at $261,000 after purchasing an additional 200 shares during the period. Finally, Alps Advisors Inc. increased its stake in Preferred Bank by 6.0% in the third quarter. Alps Advisors Inc. now owns 5,408 shares of the bank’s stock valued at $337,000 after purchasing an additional 306 shares during the period. 72.77% of the stock is owned by hedge funds and other institutional investors.
Preferred Bank Trading Up 3.4 %
NASDAQ PFBC opened at $76.42 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $1.10 billion, a PE ratio of 7.26 and a beta of 1.03. Preferred Bank has a one year low of $42.42 and a one year high of $77.65. The firm’s fifty day moving average is $72.27 and its two-hundred day moving average is $68.01.
Preferred Bank Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be paid a $0.70 dividend. The ex-dividend date is Thursday, April 4th. This represents a $2.80 dividend on an annualized basis and a yield of 3.66%. Preferred Bank’s dividend payout ratio is presently 26.59%.
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.
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