Preferred Bank (PFBC) Trades at $63.36 After Triangle; Aqr Capital Management Lowered Its S & T Bancorp (STBA) Stake

May 17, 2018 - By Martha Paddon

Preferred Bank (NASDAQ:PFBC) Logo

Preferred Bank (PFBC) formed triangle with $60.19 target or 5.00% below today’s $63.36 share price. Preferred Bank (PFBC) has $970.56 million valuation. The stock increased 0.25% or $0.16 during the last trading session, reaching $63.36. About 54,158 shares traded. Preferred Bank (NASDAQ:PFBC) has risen 24.68% since May 17, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Aqr Capital Management Llc decreased S & T Bancorp Inc (STBA) stake by 25.36% reported in 2017Q4 SEC filing. Aqr Capital Management Llc sold 10,603 shares as S & T Bancorp Inc (STBA)’s stock declined 2.11%. The Aqr Capital Management Llc holds 31,206 shares with $1.24 million value, down from 41,809 last quarter. S & T Bancorp Inc now has $1.56B valuation. The stock increased 1.25% or $0.55 during the last trading session, reaching $44.42. About 137,276 shares traded or 24.14% up from the average. S&T Bancorp, Inc. (NASDAQ:STBA) has risen 17.71% since May 17, 2017 and is uptrending. It has outperformed by 6.16% the S&P500.

Analysts await Preferred Bank (NASDAQ:PFBC) to report earnings on July, 17. They expect $1.12 earnings per share, up 40.00% or $0.32 from last year’s $0.8 per share. PFBC’s profit will be $17.16M for 14.14 P/E if the $1.12 EPS becomes a reality. After $1.09 actual earnings per share reported by Preferred Bank for the previous quarter, Wall Street now forecasts 2.75% EPS growth.

Among 4 analysts covering Preferred Bank (NASDAQ:PFBC), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Preferred Bank has $76.0 highest and $37 lowest target. $74.33’s average target is 17.31% above currents $63.36 stock price. Preferred Bank had 18 analyst reports since August 25, 2015 according to SRatingsIntel. FBR Capital maintained Preferred Bank (NASDAQ:PFBC) on Thursday, October 26 with “Buy” rating. Stephens maintained the shares of PFBC in report on Monday, July 10 with “Buy” rating. The firm has “Buy” rating given on Wednesday, January 24 by FBR Capital. As per Monday, April 23, the company rating was maintained by Stephens. Sandler O’Neill maintained Preferred Bank (NASDAQ:PFBC) rating on Thursday, January 4. Sandler O’Neill has “Buy” rating and $68.0 target. FBR Capital maintained Preferred Bank (NASDAQ:PFBC) rating on Friday, July 22. FBR Capital has “Outperform” rating and $39 target. As per Monday, June 26, the company rating was maintained by Stephens. The company was maintained on Thursday, March 29 by Sandler O’Neill. Raymond James upgraded the stock to “Buy” rating in Tuesday, January 9 report. On Monday, October 5 the stock rating was downgraded by Raymond James to “Outperform”.

Aqr Capital Management Llc increased Repligen Corp (NASDAQ:RGEN) stake by 31,962 shares to 189,807 valued at $6.89 million in 2017Q4. It also upped V F Corp (NYSE:VFC) stake by 164,452 shares and now owns 317,840 shares. Tractor Supply Co (NASDAQ:TSCO) was raised too.

Analysts await S&T Bancorp, Inc. (NASDAQ:STBA) to report earnings on July, 19. They expect $0.71 EPS, up 9.23% or $0.06 from last year’s $0.65 per share. STBA’s profit will be $24.85M for 15.64 P/E if the $0.71 EPS becomes a reality. After $0.75 actual EPS reported by S&T Bancorp, Inc. for the previous quarter, Wall Street now forecasts -5.33% negative EPS growth.

Investors sentiment decreased to 1.5 in 2017 Q4. Its down 0.09, from 1.59 in 2017Q3. It worsened, as 8 investors sold STBA shares while 34 reduced holdings. 16 funds opened positions while 47 raised stakes. 19.73 million shares or 2.60% more from 19.24 million shares in 2017Q3 were reported. Invesco Limited holds 118,135 shares or 0% of its portfolio. Fragasso holds 5,157 shares. Jpmorgan Chase Com invested in 90,705 shares or 0% of the stock. Burt Wealth Advsrs invested in 0.08% or 3,223 shares. Moreover, Private Wealth Advsr Inc has 0.1% invested in S&T Bancorp, Inc. (NASDAQ:STBA). Price T Rowe Assocs Inc Md holds 0% of its portfolio in S&T Bancorp, Inc. (NASDAQ:STBA) for 19,085 shares. Qs Invsts Limited Com has 21 shares for 0% of their portfolio. Millennium Management Lc reported 10,165 shares. Philadelphia Trust has 15,954 shares for 0.05% of their portfolio. Ls Investment Advsrs Limited Liability Co stated it has 978 shares or 0% of all its holdings. Comerica Bankshares has 0.03% invested in S&T Bancorp, Inc. (NASDAQ:STBA) for 99,524 shares. Parallax Volatility Advisers Lp owns 0% invested in S&T Bancorp, Inc. (NASDAQ:STBA) for 5,292 shares. Blackrock holds 4.46 million shares or 0.01% of its portfolio. Dixon Hubard Feinour And Brown Inc Va invested in 0.15% or 13,626 shares. 31,206 were accumulated by Aqr Capital Management Lc.

Since December 12, 2017, it had 1 buying transaction, and 2 insider sales for $228,205 activity. $74,306 worth of S&T Bancorp, Inc. (NASDAQ:STBA) shares were sold by RUDDOCK DAVID P. 1,000 shares were bought by Kane Robert Edward, worth $43,916 on Monday, May 14. MILLER JAMES C also sold $197,815 worth of S&T Bancorp, Inc. (NASDAQ:STBA) on Tuesday, December 12.

S&T Bancorp, Inc. (NASDAQ:STBA) Institutional Positions Chart

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