American Century Companies Inc. Increases Stake in Preferred Bank

Investment firm adds 45,946 shares of the bank's stock in Q3

Published on Mar. 8, 2026

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American Century Companies Inc. increased its holdings in Preferred Bank (NASDAQ:PFBC) by 15.7% during the third quarter, according to a recent SEC filing. The institutional investor now owns 337,804 shares of the bank's stock, worth approximately $30.5 million.

Why it matters

This transaction represents a significant increase in American Century's stake in Preferred Bank, a California-based commercial bank focused on commercial real estate lending, business banking, and deposit services. The move suggests American Century's confidence in Preferred Bank's growth potential and performance.

The details

According to the filing, American Century Companies added 45,946 shares of Preferred Bank stock during the third quarter, bringing its total ownership to 2.34% of the bank's outstanding shares. Preferred Bank, headquartered in Los Angeles, offers a range of banking products and services to businesses and individuals, with a particular emphasis on commercial real estate lending.

  • The transaction occurred during the third quarter of the year.

The players

American Century Companies Inc.

An investment management firm that provides a variety of investment strategies and products to individual and institutional clients.

Preferred Bank

A California-chartered commercial bank headquartered in Los Angeles that focuses on commercial real estate lending, business banking, and deposit services.

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The takeaway

This increase in American Century's stake in Preferred Bank suggests the investment firm sees strong growth potential in the California-based commercial bank, which has a specialized focus on commercial real estate and business banking services.