Gladius Capital Management LP Boosts Stock Holdings in Preferred Bank (NASDAQ:PFBC)

Gladius Capital Management LP raised its stake in shares of Preferred Bank (NASDAQ:PFBC) by 518.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 445 shares of the bank’s stock after purchasing an additional 373 shares during the period. Gladius Capital Management LP’s holdings in Preferred Bank were worth $33,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Algert Global LLC purchased a new position in Preferred Bank during the third quarter valued at approximately $1,081,000. Victory Capital Management Inc. grew its stake in Preferred Bank by 205.2% in the third quarter. Victory Capital Management Inc. now owns 16,865 shares of the bank’s stock valued at $1,050,000 after purchasing an additional 11,340 shares during the last quarter. AQR Capital Management LLC raised its holdings in Preferred Bank by 64.5% in the third quarter. AQR Capital Management LLC now owns 69,277 shares of the bank’s stock worth $4,313,000 after purchasing an additional 27,162 shares in the last quarter. Barclays PLC lifted its position in shares of Preferred Bank by 4.1% during the third quarter. Barclays PLC now owns 25,163 shares of the bank’s stock valued at $1,566,000 after buying an additional 990 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of Preferred Bank by 2.9% in the 3rd quarter. Yousif Capital Management LLC now owns 7,149 shares of the bank’s stock valued at $445,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 72.77% of the company’s stock.

Preferred Bank Stock Down 0.3 %

Shares of NASDAQ PFBC traded down $0.20 during trading hours on Thursday, hitting $79.36. 39,915 shares of the stock were exchanged, compared to its average volume of 91,535. Preferred Bank has a 12 month low of $44.41 and a 12 month high of $80.11. The firm has a fifty day moving average price of $75.00 and a 200-day moving average price of $70.86. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.15 billion, a PE ratio of 7.66 and a beta of 1.02.

Preferred Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.53%. Preferred Bank’s payout ratio is 27.03%.

About Preferred Bank

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.