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

PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee purchased 8,200 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average price 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 represents a 0.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 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 stock was acquired at an average price of $20.60 per share, with a total value of $20,600.00.

PCB Bancorp Trading Down 1.6 %

Shares of NASDAQ:PCB opened at $21.01 on Thursday. The stock has a fifty day simple moving average of $19.27 and a two-hundred day simple moving average of $17.70. PCB Bancorp has a 12-month low of $14.50 and a 12-month high of $21.62. The stock has a market capitalization of $299.75 million, a price-to-earnings ratio of 12.43 and a beta of 0.67.

PCB Bancorp (NASDAQ:PCB) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $25.50 million. As a group, equities research analysts predict that PCB Bancorp will post 1.74 EPS for the current year.

PCB Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a $0.18 dividend. 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 3.43%. PCB Bancorp’s payout ratio is currently 42.60%.

Institutional Trading of PCB Bancorp

Several institutional investors have recently added to or reduced their stakes in PCB. Barclays PLC increased 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. Geode Capital Management LLC grew its stake in shares of PCB Bancorp by 0.7% in the third quarter. Geode Capital Management LLC now owns 255,959 shares of the company’s stock worth $4,810,000 after acquiring an additional 1,751 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of PCB Bancorp by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 30,841 shares of the company’s stock valued at $580,000 after purchasing an additional 1,814 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in PCB Bancorp during the third quarter valued at approximately $407,000. Finally, Empowered Funds LLC boosted its holdings in PCB Bancorp by 5.1% in the third quarter. Empowered Funds LLC now owns 52,040 shares of the company’s stock worth $978,000 after purchasing an additional 2,546 shares during the last quarter. 33.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped 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.