Truist Financial Corp bought a new position in Professional Holding Corp. (NASDAQ:PFHD – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 42,500 shares of the company’s stock, valued at approximately $1,102,000. Truist Financial Corp owned 0.31% of Professional as of its most recent filing with the Securities and Exchange Commission.
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Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors purchased a new stake in Professional in the 2nd quarter worth approximately $586,000. Legal & General Group Plc acquired a new position in shares of Professional in the 2nd quarter valued at $41,000. State Street Corp boosted its holdings in shares of Professional by 173.2% in the 2nd quarter. State Street Corp now owns 141,711 shares of the company’s stock valued at $2,841,000 after purchasing an additional 89,840 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of Professional by 80.2% in the 2nd quarter. Citadel Advisors LLC now owns 43,316 shares of the company’s stock valued at $868,000 after purchasing an additional 19,281 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Professional in the 2nd quarter valued at $295,000. 65.27% of the stock is owned by hedge funds and other institutional investors.
Professional Stock Down 0.7 %
Shares of PFHD opened at $27.78 on Friday. The firm has a market cap of $383.75 million, a PE ratio of 17.81 and a beta of 0.23. The company’s fifty day moving average is $28.47 and its two-hundred day moving average is $26.84. Professional Holding Corp. has a fifty-two week low of $18.67 and a fifty-two week high of $31.25.
Professional (NASDAQ:PFHD – Get Rating) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $26.02 million for the quarter, compared to analyst estimates of $24.95 million. Professional had a net margin of 22.42% and a return on equity of 10.47%. As a group, equities research analysts anticipate that Professional Holding Corp. will post 1.96 earnings per share for the current year.
About Professional
Professional Holding Corp. operates primarily through its subsidiary, Professional Bank, provides banking products and services to small and medium sized businesses, other professionals, and entrepreneurs. Its deposit products include checking, NOW, savings, and money market accounts, as well as IRAs and certificates of deposit.
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