Preferred Bank La (NASDAQ:PFBC).
Raymond James & Associates says it decreased its stake in Preferred Bank La by 1,045 shares as reported in a filing on 11/15/2017. Its stake was valued at $503,000 an increase of $2,000 according to the filing.
These firms have modified their investment in PFBC. Virginia Retirement Systems ET AL cut its position by shedding 100 shares a decrease of 0.5% in the quarter. Virginia Retirement Systems ET AL controls 18,100 shares valued at $1,092,000. The total value of its holdings increased 12.2%. As of the end of the quarter California State Teachers Retirement System had sold 2,256 shares trimming its stake by 9.8%. The value of the investment in (PFBC) increased from $1,233,000 to $1,256,000 increasing 1.9% for the reporting period.
Dimensional Fund Advisors Lp grew its ownership by buying 40,270 shares an increase of 8.3% as of 09/30/2017. Dimensional Fund Advisors Lp owns 525,325 shares worth $31,703,000. The value of the position overall is up by 22.2%.
October 25 investment analysts at FBR & Co maintained a company rating of “Buy” projecting a price of $70.00.
In the market the company is trading up since yesterday’s close of 58.88. The P/E ratio is currently 18.76 and market capitalization is 839.39M. As of the last earnings report the EPS was $3.15 with 14.56M shares currently outstanding.
Investors are more bearish lately as shown by the change in short interest. The company had a rise in short interest of 6.07% between September 29, 2017 and October 13, 2017. Short shares grew from 453,268 to 480,796 over that period. The days to cover decreased to 6.0 and the percentage of shorted shares is 0.03% as of October 13.