6,975 Shares in Preferred Bank (NASDAQ:PFBC) Acquired by Gallacher Capital Management LLC

Gallacher Capital Management LLC bought a new position in shares of Preferred Bank (NASDAQ:PFBC) during the fourth quarter, Holdings Channel reports. The fund bought 6,975 shares of the bank’s stock, valued at approximately $510,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McGlone Suttner Wealth Management Inc. bought a new stake in Preferred Bank during the 4th quarter worth approximately $34,000. BluePath Capital Management LLC bought a new position in shares of Preferred Bank in the 3rd quarter worth $33,000. AJOVista LLC bought a new position in shares of Preferred Bank in the 4th quarter worth $101,000. Everence Capital Management Inc. bought a new position in shares of Preferred Bank in the 4th quarter worth $213,000. Finally, SG Americas Securities LLC bought a new position in shares of Preferred Bank in the 3rd quarter worth $232,000. Institutional investors own 72.77% of the company’s stock.

Preferred Bank Price Performance

Shares of NASDAQ:PFBC traded up $1.45 during trading on Friday, reaching $79.37. The company had a trading volume of 111,310 shares, compared to its average volume of 89,719. The company has a fifty day moving average of $74.36 and a two-hundred day moving average of $70.49. The stock has a market capitalization of $1.15 billion, a P/E ratio of 7.66 and a beta of 1.02. Preferred Bank has a 12 month low of $42.42 and a 12 month 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.

Preferred Bank Announces Dividend

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

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.