Gallacher Capital Management LLC acquired a new stake in Preferred Bank (NASDAQ:PFBC – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,975 shares of the bank’s stock, valued at approximately $510,000.
A number of other hedge funds have also added to or reduced their stakes in PFBC. McGlone Suttner Wealth Management Inc. acquired a new stake in Preferred Bank in the fourth quarter valued at approximately $34,000. BluePath Capital Management LLC acquired a new stake in Preferred Bank in the third quarter valued at approximately $33,000. AJOVista LLC acquired a new stake in Preferred Bank in the fourth quarter valued at approximately $101,000. Everence Capital Management Inc. acquired a new stake in Preferred Bank in the fourth quarter valued at approximately $213,000. Finally, SG Americas Securities LLC acquired a new stake in Preferred Bank in the third quarter valued at approximately $232,000. 72.77% of the stock is owned by institutional investors.
Preferred Bank Price Performance
Preferred Bank stock traded up $1.45 during mid-day trading on Friday, reaching $79.37. The company had a trading volume of 111,310 shares, compared to its average volume of 89,719. Preferred Bank has a fifty-two week low of $42.42 and a fifty-two week high of $79.98. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.15 billion, a P/E ratio of 7.66 and a beta of 1.02. The business has a fifty day simple moving average of $74.36 and a 200 day simple moving average of $70.49.
Preferred Bank Dividend Announcement
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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