<div id="readability-page-1"><p>Allworth Financial LP boosted its stake in shares of  Preferred Bank (NASDAQ:PFBC - Free Report) by 36,363.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The firm owned 4,011 shares of the bank's stock after buying an additional 4,000 shares during the period. Allworth Financial LP's holdings in Preferred Bank were worth $347,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><div><p><span></span><span>Get <strong>Preferred Bank</strong> alerts:</span></p></div><p>Other large investors have also recently modified their holdings of the company. New York State Common Retirement Fund lifted its holdings in shares of  Preferred Bank by 29.0% during the first quarter. New York State Common Retirement Fund now owns 33,822 shares of the bank's stock worth $2,830,000 after purchasing an additional 7,600 shares during the period.  CWM LLC raised its stake in shares of  Preferred Bank by 10.7% during the 1st quarter. CWM LLC now owns 2,779 shares of the bank's stock worth $232,000 after buying an additional 269 shares during the period.  Royce &amp; Associates LP lifted its holdings in  Preferred Bank by 1.5% during the first quarter. Royce &amp; Associates LP now owns 25,204 shares of the bank's stock valued at $2,109,000 after purchasing an additional 381 shares in the last quarter.  Corton Capital Inc. acquired a new position in shares of  Preferred Bank during the 1st quarter worth about $238,000.  Finally, Picton Mahoney Asset Management raised its holdings in shares of  Preferred Bank by 2,337.8% during the first quarter. Picton Mahoney Asset Management now owns 13,408 shares of the bank's stock valued at $1,122,000 after acquiring an additional 12,858 shares during the last quarter. Institutional investors own  72.77% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of equities analysts recently commented on the company. Piper Sandler lifted their price objective on Preferred Bank from $112.00 to $119.00 and gave the stock an &#34;overweight&#34; rating in a research report on Wednesday, October 22nd. Zacks Research upgraded Preferred Bank from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Friday, October 24th. Weiss Ratings  reissued a &#34;buy (b-)&#34; rating on shares of Preferred Bank in a research report on Friday, October 31st. Finally, DA Davidson cut their price objective on shares of Preferred Bank from $108.00 to $104.00 and set a &#34;neutral&#34; rating for the company in a research report on Wednesday, October 22nd. One investment analyst  has rated the stock with a Strong Buy rating, two have issued  a Buy rating and two have issued  a Hold rating to the company. According to data from MarketBeat.com, Preferred Bank currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $104.67.</p><p><b>Check Out Our Latest Research Report on Preferred Bank</b></p><h2>Preferred Bank Stock Performance</h2><p>Shares of PFBC stock opened at $91.24 on Monday. The firm has a 50 day moving average of $91.23 and a two-hundred day moving average of $89.42. The stock has a market capitalization of $1.32 billion, a PE ratio of 9.27 and a beta of 0.73. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. Preferred Bank has a 52 week low of $71.90 and a 52 week high of $99.78. </p><p>Preferred Bank (NASDAQ:PFBC - Get Free Report) last released its earnings results on Monday, October 20th. The bank reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.57 by $0.27. The firm had revenue of $74.98 million during the quarter, compared to analyst estimates of $72.74 million. Preferred Bank had a return on equity of 16.91% and a net margin of 25.67%.During the same period last year, the business posted $2.46 earnings per share.  On average, research analysts predict that  Preferred Bank will post 9.81 EPS for the current fiscal year. </p><h2>Preferred Bank Dividend Announcement</h2><p>The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, October 7th. Preferred Bank's dividend payout ratio  is presently 30.49%. </p><h2>Preferred Bank Profile</h2> (Free Report)<p>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. 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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Preferred Bank</li><li>About the Markup Calculator</li><li>4 Cold-Weather Stocks to Buy as Winter Spending Heats Up</li><li>What is the Australian Securities Exchange (ASX) </li><li>Disney Stock Drops—Will Earnings Pave Way for a YouTube TV Truce?</li><li>The 3 Best Fintech Stocks to Buy Now</li><li>Meta’s Pain May Be Your Gain: Is This a Rare Buying Window?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEZCQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEZCQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Preferred Bank Right Now?</h2><p>Before you consider Preferred Bank, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Preferred Bank wasn't on the list.</p><p>While Preferred Bank currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PFBC

<p>Allworth Financial LP significantly increased its stake in Preferred Bank by 36,363.6% in Q2, owning 4,011 shares valued at $347,000. Other investors also adjusted their holdings. Analysts have given the bank a "Moderate Buy" rating with a price target of $104.67. Preferred Bank reported strong Q3 earnings, with a $2.84 EPS, surpassing estimates. The bank offers a $3.00 annual dividend with a 3.3% yield.</p>

Allworth Financial LP Boosts Stake in Preferred Bank $PFBC