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

Gladius Capital Management LP grew its position in Preferred Bank (NASDAQ:PFBC) by 518.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 445 shares of the bank’s stock after buying an additional 373 shares during the quarter. Gladius Capital Management LP’s holdings in Preferred Bank were worth $33,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Preferred Bank during the fourth quarter valued at $34,000. AJOVista LLC purchased a new position in shares of Preferred Bank during the fourth quarter valued at approximately $101,000. Everence Capital Management Inc. acquired a new stake in Preferred Bank during the fourth quarter worth approximately $213,000. SG Americas Securities LLC acquired a new position in Preferred Bank in the 3rd quarter valued at $232,000. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Preferred Bank during the 3rd quarter worth $311,000. Institutional investors and hedge funds own 72.77% of the company’s stock.

Preferred Bank Trading Down 0.3 %

Shares of PFBC stock traded down $0.20 during mid-day trading on Thursday, hitting $79.36. 39,915 shares of the company’s stock were exchanged, compared to its average volume of 91,535. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 7.66 and a beta of 1.02. The stock has a 50-day simple moving average of $75.00 and a two-hundred day simple moving average of $70.86. Preferred Bank has a fifty-two week low of $44.41 and a fifty-two week high of $80.11. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.21.

Preferred Bank Announces Dividend

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