PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee Purchases 1,000 Shares

PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee bought 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $20.60 per share, with a total value of $20,600.00. Following the transaction, the director now directly owns 1,509,534 shares in the company, valued at approximately $31,096,400.40. The trade was a 0.07 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, November 18th, Sang Young Lee acquired 8,174 shares of PCB Bancorp stock. The stock was purchased at an average cost of $20.74 per share, with a total value of $169,528.76.

PCB Bancorp Stock Performance

PCB stock opened at $20.73 on Thursday. The stock’s fifty day moving average is $19.02 and its two-hundred day moving average is $17.50. The stock has a market capitalization of $295.82 million, a price-to-earnings ratio of 12.27 and a beta of 0.67. PCB Bancorp has a 1 year low of $14.50 and a 1 year high of $21.60.

PCB Bancorp (NASDAQ:PCB) last posted its earnings results on Thursday, October 24th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. PCB Bancorp had a net margin of 13.27% and a return on equity of 8.68%. The firm had revenue of $48.62 million during the quarter, compared to analyst estimates of $25.50 million. As a group, analysts predict that PCB Bancorp will post 1.74 EPS for the current fiscal year.

PCB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.72 dividend on an annualized basis and a yield of 3.47%. PCB Bancorp’s dividend payout ratio (DPR) is presently 42.60%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on PCB Bancorp from $17.00 to $20.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Piper Sandler raised their price target on shares of PCB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PCB. Bank of New York Mellon Corp grew its position in PCB Bancorp by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,933 shares of the company’s stock valued at $1,236,000 after buying an additional 4,242 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of PCB Bancorp by 51.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 22,391 shares of the company’s stock worth $366,000 after acquiring an additional 7,588 shares during the period. Vanguard Group Inc. boosted its holdings in shares of PCB Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 656,732 shares of the company’s stock valued at $10,724,000 after acquiring an additional 4,152 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of PCB Bancorp by 24.2% during the second quarter. Renaissance Technologies LLC now owns 52,401 shares of the company’s stock valued at $853,000 after acquiring an additional 10,200 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in PCB Bancorp by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 461,114 shares of the company’s stock worth $7,506,000 after purchasing an additional 26,859 shares in the last quarter. Institutional investors own 33.04% of the company’s stock.

About PCB Bancorp

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.