PCB Bancorp (NASDAQ:PCB) Director Purchases $175,972.00 in Stock

PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee acquired 8,200 shares of the business’s stock in a transaction on Monday, November 25th. The stock was bought at an average cost of $21.46 per share, for a total transaction of $175,972.00. Following the completion of the transaction, the director now directly owns 1,526,207 shares of the company’s stock, valued at $32,752,402.22. This trade represents a 0.54 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sang Young Lee also recently made the following trade(s):

• On Monday, November 18th, Sang Young Lee bought 8,174 shares of PCB Bancorp stock. The stock was bought at an average price of $20.74 per share, with a total value of $169,528.76.
• On Friday, November 15th, Sang Young Lee purchased 1,000 shares of PCB Bancorp stock. The shares were bought at an average cost of $20.60 per share, for a total transaction of $20,600.00.

PCB Bancorp Price Performance

PCB traded down $0.01 during trading on Monday, hitting $21.43. The company had a trading volume of 89,770 shares, compared to its average volume of 24,026. The company has a market cap of $305.81 million, a PE ratio of 12.69 and a beta of 0.67. PCB Bancorp has a 1-year low of $14.50 and a 1-year high of $21.60. The business has a 50-day moving average of $19.13 and a 200-day moving average of $17.60.

PCB Bancorp (NASDAQ:PCB) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. PCB Bancorp had a return on equity of 8.68% and a net margin of 13.27%. The firm had revenue of $48.62 million for the quarter, compared to analysts’ expectations of $25.50 million. Research analysts forecast that PCB Bancorp will post 1.74 earnings per share for the current year.

PCB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were issued a $0.18 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.72 dividend on an annualized basis and a yield of 3.36%. PCB Bancorp’s dividend payout ratio is currently 42.60%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in PCB Bancorp by 299.2% in the 3rd quarter. Barclays PLC now owns 14,096 shares of the company’s stock worth $265,000 after buying an additional 10,565 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of PCB Bancorp during the third quarter valued at $407,000. O Shaughnessy Asset Management LLC lifted its holdings in PCB Bancorp by 51.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 22,391 shares of the company’s stock worth $366,000 after purchasing an additional 7,588 shares during the period. Charles Schwab Investment Management Inc. grew its position in PCB Bancorp by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 30,841 shares of the company’s stock valued at $580,000 after buying an additional 1,814 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in PCB Bancorp by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 52,040 shares of the company’s stock valued at $978,000 after buying an additional 2,546 shares during the period. Institutional investors and hedge funds own 33.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of PCB Bancorp from $17.00 to $20.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Piper Sandler boosted their price objective on shares of PCB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, October 28th.

PCB Bancorp Company Profile

PCB Bancorp operates as the bank holding company for PCB Bank that provides various banking products and services to small to medium-sized businesses, individuals, and professionals in Southern California. The company offers demand, savings, money market, and time deposits, as well as certificates of deposit; and trade finance, remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts.