Preferred Bank (PFBC) : Stieven Capital Advisors reduced its stake in Preferred Bank by 0.33% during the most recent quarter end. The investment management company now holds a total of 423,571 shares of Preferred Bank which is valued at $13.3 Million after selling 1,400 shares in Preferred Bank , the firm said in a disclosure report filed with the SEC on May 12, 2016.Preferred Bank makes up approximately 3.69% of Stieven Capital Advisors’s portfolio.
Other Hedge Funds, Including , Blackrock Fund Advisors reduced its stake in PFBC by selling 11,239 shares or 3.64% in the most recent quarter. The Hedge Fund company now holds 297,683 shares of PFBC which is valued at $9.3 Million.Nine Chapters Capital Management boosted its stake in PFBC in the latest quarter, The investment management firm added 7,700 additional shares and now holds a total of 15,800 shares of Preferred Bank which is valued at $494,856. Preferred Bank makes up approx 0.04% of Nine Chapters Capital Management’s portfolio.Burney Co reduced its stake in PFBC by selling 500 shares or 3.67% in the most recent quarter. The Hedge Fund company now holds 13,125 shares of PFBC which is valued at $414,094. Preferred Bank makes up approx 0.03% of Burney Co’s portfolio.
Preferred Bank opened for trading at $31.42 and hit $31.87 on the upside on Friday, eventually ending the session at $31.81, with a gain of 1.43% or 0.45 points. The heightened volatility saw the trading volume jump to 34,128 shares. Company has a market cap of $419,510 M.
PREFERRED BANK is a commercial bank based in Southern California. The Bank provides personalized deposit services as well as real estate finance commercial loans and trade finance to small and mid-sized businesses and their owners entrepreneurs real estate developers and investors professionals and high net worth individuals. It derives its income primarily from interest received on its loan and investment securities portfolio and fee income. The Bank conducts operations from its office in downtown Los Angeles California and ten full service branch banking offices in Los Angeles Orange and San Francisco Counties. It markets its services and conducts its business primarily in Los Angeles Orange Ventura Riverside San Bernardino and San Francisco Counties.