Professional Holding Corp., operates primarily through its subsidiary, Professional Bank, provides banking products and services to small and medium sized businesses, other professionals, entrepreneurs, and high net worth individuals. Its deposit products include checking, savings, and money market accounts, as well as IRAs and certificates of deposit. The company's lending products comprise commercial loans, residential mortgage loans, home equity lines of credit, installment loans, and consumer lines of credit. It also offers online/digital and mobile banking services, as well as cash management services. January 29, 2021, it operated through a network of nine locations in the regional areas of Miami, Broward, and Palm Beach counties, as well as had a digital innovation center located in Cleveland, Ohio and a loan production office in New England. The company was founded in 2008 and is headquartered in Coral Gables, Florida.
IPO Year: 2020
Exchange: NASDAQ
Website: myprobank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/11/2022 | $27.00 → $35.50 | Outperform → Mkt Perform | Keefe Bruyette |
| 5/9/2022 | $25.00 → $24.00 | Overweight → Neutral | Piper Sandler |
| 2/2/2022 | $22.00 → $25.00 | Neutral → Overweight | Piper Sandler |
| 8/3/2021 | $22.00 | Overweight → Neutral | Piper Sandler |
| 7/9/2021 | $22.00 | Outperform | Raymond James |
CORAL GABLES, FL / ACCESSWIRE / February 24, 2022 / Professional Holding Corp. (the "Company") (NASDAQ:PFHD), the parent company of Professional Bank (the "Bank"), today reported that Abel L. Iglesias has been elected Chief Executive Officer of both the Company and the Bank, effective immediately, following the departure of Daniel R. Sheehan by mutual agreement with their respective Boards of Directors. Mr. Sheehan had served as a director of the Bank since its inception in 2008, Chairman of the Board of the Bank since 2013, Chief Executive Officer of the Bank since 2019, and Chairman of the Board and Chief Executive Officer of the Company since its inception in 2014. He has also resigned fr
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STUART, Fla., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ:SBCF) ("Seacoast" or the "Company"), the holding company for Seacoast National Bank, announced today the completion of its acquisition of Professional Holding Corp. ("Professional") (NASDAQ:PFHD), parent company of Professional Bank, effective January 31, 2023. The merger of Professional Bank with and into Seacoast National Bank was also effective January 31, 2023, with Seacoast National Bank being the surviving financial institution. Under the terms of the merger agreement, Professional shareholders received 0.8909 shares of Seacoast common stock for each share of Professional common stock hel
Accelerates Seacoast's Successful Strategy of Expanding its Presence in the Attractive South Florida Market Seacoast Banking Corporation of Florida (NASDAQ:SBCF) ("Seacoast" or the "Company"), the holding company for Seacoast National Bank, announced today the completion of its acquisition of Professional Holding Corp. ("Professional") (NASDAQ:PFHD), parent company of Professional Bank, effective January 31, 2023. The merger of Professional Bank with and into Seacoast National Bank was also effective January 31, 2023, with Seacoast National Bank being the surviving financial institution. This press release features multimedia. View the full release here: https://www.businesswire.com/news/h
Fourth Quarter 2022 Net Income of $4.3 million and Earnings per Share of $0.31 Reflecting Acquisition Related Expenses Professional Holding Corp. (the "Company") (NASDAQ:PFHD), the parent company of Professional Bank (the "Bank"), today reported net income of $4.3 million, or $0.31 per share, for the fourth quarter of 2022, compared to net income of $8.5 million, or $0.63 per share, for the third quarter of 2022, and net income of $4.0 million, or $0.30 per share, for the fourth quarter of 2021. Chief Financial Officer Mary Usategui noted that the Company continued to perform at a high level while incurring additional expenses related to its previously announced merger with Seacoast Bankin
Fourth Quarter 2022 Net Interest Margin Expands to 4.36%, Up 69 Basis Points from Prior Quarter Completes Acquisitions of Apollo Bancshares, Inc. and Drummond Banking Company Well-Positioned Balance Sheet with Strong Capital Position STUART, Fla., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) today reported net income in the fourth quarter of 2022 of $23.9 million, or $0.34 per diluted share, including $16.1 million in merger-related costs and $15.0 million in provision for credit losses associated with bank acquisitions during the quarter. Fourth quarter 2022 net income decreased 18% compared to the third quarter o
Another Strong Quarter Results in Earnings per Share of $0.63 Professional Holding Corp. (the "Company") (NASDAQ:PFHD), the parent company of Professional Bank (the "Bank"), today reported net income of $8.5 million, or $0.63 per share, for the third quarter of 2022 compared to net income of $7.0 million, or $0.52 per share, for the second quarter of 2022, and net income of $6.3 million, or $0.48 per share, for the third quarter of 2021. "Our team continues to deliver high quality results establishing a solid foundation as we prepare for our next phase," said Abel Iglesias, Chief Executive Officer. Results of Operations for the Three Months Ended September 30, 2022 Net income increased
Significant Expansion in Net Interest Margin and Net Interest Income Highlight Q3 Results Well-Positioned Balance Sheet with Strong Capital and Liquidity STUART, Fla., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) today reported net income in the third quarter of 2022 of $29.2 million, or $0.47 per diluted share. Third quarter 2022 net income decreased 11% compared to the second quarter of 2022 due to higher provision for credit losses resulting from changes in economic forecast factors, and additional coverage for estimated economic impacts from Hurricane Ian. Third quarter 2022 net income increased 27% compared to
Accelerates Seacoast's Successful Strategy of Expanding its Presence in the Attractive South Florida Market Seacoast Banking Corporation of Florida ("Seacoast") (NASDAQ:SBCF), the holding company for Seacoast National Bank ("Seacoast Bank"), and Professional Holding Corp. ("Professional") (NASDAQ:PFHD), parent company of Professional Bank, announced today that they have signed a definitive agreement under which Seacoast will acquire Professional. The proposed transaction will expand Seacoast's footprint in the dynamic tri-county South Florida market, which includes Miami-Dade, Broward, and Palm Beach Counties, the largest MSA in Florida and the eighth largest in the nation. This press rele
STUART, Fla., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast") (NASDAQ:SBCF), the holding company for Seacoast National Bank ("Seacoast Bank"), and Professional Holding Corp. ("Professional") (NASDAQ:PFHD), parent company of Professional Bank, announced today that they have signed a definitive agreement under which Seacoast will acquire Professional. The proposed transaction will expand Seacoast's footprint in the dynamic tri-county South Florida market, which includes Miami-Dade, Broward, and Palm Beach Counties, the largest MSA in Florida and the eighth largest in the nation. Professional Bank, the sixth largest bank headquartered in South Florida,
Record Quarter for Net Income and Loan Production Results in Earnings per Share of $0.52 Professional Holding Corp. (the "Company") (NASDAQ:PFHD), the parent company of Professional Bank (the "Bank"), today reported net income of $7.0 million, or $0.52 per share, for the second quarter of 2022 compared to net income of $2.4 million, or $0.18 per share, for the first quarter of 2022, and net income of $6.3 million, or $0.47 per share, for the second quarter of 2021. "We are extremely proud of our record setting quarter of loan production and net income. Our team continues to deliver high quality results and we look forward to building on this momentum in the future," said Abel Iglesias, Ch
Professional Holding Corp. (NASDAQ: "PFHD"), the parent company of Professional Bank, said today that it plans to announce its financial results for the quarter ending June 30, 2022, in a press release on Thursday, July 28, 2022. The press release will be followed by a conference call on Friday, July 29, 2022 at approximately 11:00 a.m., Eastern time. The Company's second quarter earnings announcement will be released after the markets close on July 28, 2022, and will be available on the Company's website at www.proholdco.com. Participants may access the live conference call on July 29, 2022, at 11:00 a.m., Eastern time by dialing 833-630-1365 from the United States or 412-317-1818 from i
Keefe Bruyette downgraded Professional Holding Corp from Outperform to Mkt Perform and set a new price target of $35.50 from $27.00 previously
Piper Sandler downgraded Professional Holding Corp from Overweight to Neutral and set a new price target of $24.00 from $25.00 previously
Piper Sandler upgraded Professional Holding from Neutral to Overweight and set a new price target of $25.00 from $22.00 previously
Piper Sandler downgraded Professional Holding from Overweight to Neutral and set a new price target of $22.00
Raymond James initiated coverage of Professional Holding with a rating of Outperform and set a new price target of $22.00
Keefe Bruyette upgraded Professional Holding Corp from Mkt Perform to Outperform and set a new price target of $22.00 from $21.00 previously
Stephens upgraded Professional Holding Corp from Equal-Weight to Overweight and set a new price target of $18.50 from $17.50 previously
Stephens upgraded Professional from Equal Weight to Overweight
STUART, Fla., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (NASDAQ:SBCF) ("Seacoast" or the "Company"), the holding company for Seacoast National Bank, announced today the completion of its acquisition of Professional Holding Corp. ("Professional") (NASDAQ:PFHD), parent company of Professional Bank, effective January 31, 2023. The merger of Professional Bank with and into Seacoast National Bank was also effective January 31, 2023, with Seacoast National Bank being the surviving financial institution. Under the terms of the merger agreement, Professional shareholders received 0.8909 shares of Seacoast common stock for each share of Professional common stock hel
Accelerates Seacoast's Successful Strategy of Expanding its Presence in the Attractive South Florida Market Seacoast Banking Corporation of Florida (NASDAQ:SBCF) ("Seacoast" or the "Company"), the holding company for Seacoast National Bank, announced today the completion of its acquisition of Professional Holding Corp. ("Professional") (NASDAQ:PFHD), parent company of Professional Bank, effective January 31, 2023. The merger of Professional Bank with and into Seacoast National Bank was also effective January 31, 2023, with Seacoast National Bank being the surviving financial institution. This press release features multimedia. View the full release here: https://www.businesswire.com/news/h
Fourth Quarter 2022 Net Income of $4.3 million and Earnings per Share of $0.31 Reflecting Acquisition Related Expenses Professional Holding Corp. (the "Company") (NASDAQ:PFHD), the parent company of Professional Bank (the "Bank"), today reported net income of $4.3 million, or $0.31 per share, for the fourth quarter of 2022, compared to net income of $8.5 million, or $0.63 per share, for the third quarter of 2022, and net income of $4.0 million, or $0.30 per share, for the fourth quarter of 2021. Chief Financial Officer Mary Usategui noted that the Company continued to perform at a high level while incurring additional expenses related to its previously announced merger with Seacoast Bankin
Fourth Quarter 2022 Net Interest Margin Expands to 4.36%, Up 69 Basis Points from Prior Quarter Completes Acquisitions of Apollo Bancshares, Inc. and Drummond Banking Company Well-Positioned Balance Sheet with Strong Capital Position STUART, Fla., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) today reported net income in the fourth quarter of 2022 of $23.9 million, or $0.34 per diluted share, including $16.1 million in merger-related costs and $15.0 million in provision for credit losses associated with bank acquisitions during the quarter. Fourth quarter 2022 net income decreased 18% compared to the third quarter o
Another Strong Quarter Results in Earnings per Share of $0.63 Professional Holding Corp. (the "Company") (NASDAQ:PFHD), the parent company of Professional Bank (the "Bank"), today reported net income of $8.5 million, or $0.63 per share, for the third quarter of 2022 compared to net income of $7.0 million, or $0.52 per share, for the second quarter of 2022, and net income of $6.3 million, or $0.48 per share, for the third quarter of 2021. "Our team continues to deliver high quality results establishing a solid foundation as we prepare for our next phase," said Abel Iglesias, Chief Executive Officer. Results of Operations for the Three Months Ended September 30, 2022 Net income increased
Significant Expansion in Net Interest Margin and Net Interest Income Highlight Q3 Results Well-Positioned Balance Sheet with Strong Capital and Liquidity STUART, Fla., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ:SBCF) today reported net income in the third quarter of 2022 of $29.2 million, or $0.47 per diluted share. Third quarter 2022 net income decreased 11% compared to the second quarter of 2022 due to higher provision for credit losses resulting from changes in economic forecast factors, and additional coverage for estimated economic impacts from Hurricane Ian. Third quarter 2022 net income increased 27% compared to
Professional Holding Corp. (NASDAQ: "PFHD"), the parent company of Professional Bank, announced today that it plans to announce its financial results for the quarter ended September 30, 2022 on Friday, October 28, 2022. The Company's third quarter 2022 earnings release will be released before the markets open on October 28, 2022, and will be available on its Company website, www.proholdco.com. About Professional Bank and Professional Holding Corp.: Professional Holding Corp. (NASDAQ:PFHD) is the financial holding company for Professional Bank, a Florida state-chartered bank established in 2008 and based in Coral Gables, Florida. Professional Bank focuses on providing creative, relationshi
Accelerates Seacoast's Successful Strategy of Expanding its Presence in the Attractive South Florida Market Seacoast Banking Corporation of Florida ("Seacoast") (NASDAQ:SBCF), the holding company for Seacoast National Bank ("Seacoast Bank"), and Professional Holding Corp. ("Professional") (NASDAQ:PFHD), parent company of Professional Bank, announced today that they have signed a definitive agreement under which Seacoast will acquire Professional. The proposed transaction will expand Seacoast's footprint in the dynamic tri-county South Florida market, which includes Miami-Dade, Broward, and Palm Beach Counties, the largest MSA in Florida and the eighth largest in the nation. This press rele
STUART, Fla., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast") (NASDAQ:SBCF), the holding company for Seacoast National Bank ("Seacoast Bank"), and Professional Holding Corp. ("Professional") (NASDAQ:PFHD), parent company of Professional Bank, announced today that they have signed a definitive agreement under which Seacoast will acquire Professional. The proposed transaction will expand Seacoast's footprint in the dynamic tri-county South Florida market, which includes Miami-Dade, Broward, and Palm Beach Counties, the largest MSA in Florida and the eighth largest in the nation. Professional Bank, the sixth largest bank headquartered in South Florida,
Record Quarter for Net Income and Loan Production Results in Earnings per Share of $0.52 Professional Holding Corp. (the "Company") (NASDAQ:PFHD), the parent company of Professional Bank (the "Bank"), today reported net income of $7.0 million, or $0.52 per share, for the second quarter of 2022 compared to net income of $2.4 million, or $0.18 per share, for the first quarter of 2022, and net income of $6.3 million, or $0.47 per share, for the second quarter of 2021. "We are extremely proud of our record setting quarter of loan production and net income. Our team continues to deliver high quality results and we look forward to building on this momentum in the future," said Abel Iglesias, Ch
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Professional Holding (NASDAQ:PFHD) reported its Q3 earnings results on Friday, October 28, 2022 at 07:45 AM. Here's what investors need to know about the announcement. Earnings Professional Holding beat estimated earnings by 5.26%, reporting an EPS of $0.6 versus an estimate of $0.57. Revenue was up $5.44 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.12 which was followed by a 0.99% increase in the share price the next day. Here's a look at Professional Holding's past performance: Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021 EPS Estimate 0.38 0.34 0.38 0.42 EPS Actual
Professional Holding (NASDAQ:PFHD) reported quarterly earnings of $0.60 per share which beat the analyst consensus estimate of $0.57 by 5.26 percent. This is a 20 percent increase over earnings of $0.50 per share from the same period last year. The company reported quarterly sales of $26.02 million which beat the analyst consensus estimate of $24.61 million by 5.73 percent. This is a 26.43 percent increase over sales of $20.58 million the same period last year.
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Professional Holding (NASDAQ:PFHD) is set to give its latest quarterly earnings report on Friday, 2022-10-28. Here's what investors need to know before the announcement. Analysts estimate that Professional Holding will report an earnings per share (EPS) of $0.57. Professional Holding bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.12, which was followed b
Upgrades Evercore ISI Group upgraded the previous rating for Deere & Co (NYSE:DE) from In-Line to Outperform. In the second quarter, Deere showed an EPS of $6.81, compared to $5.68 from the year-ago quarter. The current stock performance of Deere shows a 52-week-high of $446.76 and a 52-week-low of $283.81. Moreover, at the end of the last trading period, the closing price was at $352.36. Barrington Research upgraded the previous rating for Landec Corp (NASDAQ:LNDC) from Market Perform to Outperform. Landec earned $0.01 in the fourth quarter, compared to $0.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $12.04 and a 52-week-low of $8.70. Landec closed at $1
Keefe, Bruyette & Woods analyst Brady Gailey downgrades Professional Holding (NASDAQ:PFHD) from Outperform to Market Perform and raises the price target from $27 to $35.5.
Upgrades For Nutrien Ltd (NYSE:NTR), Scotiabank upgraded the previous rating of Sector Perform to Sector Outperform. Nutrien earned $5.85 in the second quarter, compared to $2.08 in the year-ago quarter. The stock has a 52-week-high of $117.25 and a 52-week-low of $67.23. At the end of the last trading period, Nutrien closed at $85.53. Cantor Fitzgerald upgraded the previous rating for Inspirato Incorporated (NASDAQ:ISPO) from Neutral to Overweight. The stock has a 52-week-high of $108.00 and a 52-week-low of $4.00. At the end of the last trading period, Inspirato closed at $4.94. For Restaurant Brands International Inc (NYSE:QSR), Argus Research upgraded the previous rating of Hold
Hovde Group analyst David Bishop downgrades Professional Holding (NASDAQ:PFHD) from Outperform to Market Perform and announces $32 price target.
U.S. stocks closed mixed on Monday. Here is the list of some big stocks moving higher in the previous session. Karuna Therapeutics, Inc. (NASDAQ:KRTX) shares gained 71.8% to close at $241.19 after the company announced topline results from its Phase 3 EMERGENT-2 trial of KarXT (xanomeline-trospium) in adults with schizophrenia. The trial met its primary endpoint, with KarXT demonstrating a statistically significant and clinically meaningful 9.6-point reduction in the Positive and Negative Syndrome Scale (PANSS) total score compared to placebo. The company also posted a Q2 loss of $2.17 per share. CyberOptics Corporation (NASDAQ:CYBE) climbed 29% to settle at $53.03 after Nordson said it
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