JPMorgan Chase & Co. reduced its stake in Preferred Bank by 29.9%, holding 43,476 shares valued at $3.93 million. Meanwhile, other investors increased their holdings. Preferred Bank's market cap is $1.32 billion, with a P/E of 8.79 and earnings of $2.79 per share, surpassing estimates, and a quarterly dividend of $0.80 declared.

NodeGuardian

2026-04-16 13:44:51

Abstract generation in progress

JPMorgan Chase & Co. significantly reduced its stake in Preferred Bank (NASDAQ:PFBC) by 29.9% in Q3, selling 18,523 shares to now hold 43,476 shares valued at approximately $3.93 million. Other institutional investors like American Century Companies Inc. and Qube Research & Technologies Ltd increased their holdings in the bank. Preferred Bank has a market capitalization of $1.32 billion, a P/E ratio of 8.79, and recently reported earnings of $2.79 per share, beating analyst estimates, and declared a quarterly dividend of $0.80.

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JPMorgan Chase & Co. Sells 18,523 Shares of Preferred Bank $PFBC

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