PCB Bancorp (NASDAQ:PCB) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its holdings in PCB Bancorp (NASDAQ:PCB) by 30.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 144,706 shares of the company’s stock after selling 64,600 shares during the period. Wellington Management Group LLP owned approximately 1.01% of PCB Bancorp worth $2,236,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its holdings in PCB Bancorp by 4.4% during the 2nd quarter. BlackRock Inc. now owns 791,797 shares of the company’s stock worth $11,647,000 after acquiring an additional 33,728 shares in the last quarter. Vanguard Group Inc. grew its holdings in PCB Bancorp by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 516,294 shares of the company’s stock worth $11,849,000 after acquiring an additional 26,053 shares in the last quarter. LSV Asset Management grew its holdings in PCB Bancorp by 59.4% during the 1st quarter. LSV Asset Management now owns 351,411 shares of the company’s stock worth $8,065,000 after acquiring an additional 130,906 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in PCB Bancorp by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 337,139 shares of the company’s stock worth $4,959,000 after acquiring an additional 24,879 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in PCB Bancorp by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 227,859 shares of the company’s stock worth $3,352,000 after acquiring an additional 1,670 shares in the last quarter. Institutional investors and hedge funds own 33.04% of the company’s stock.

Insider Buying and Selling at PCB Bancorp

In related news, Director Sang Young Lee acquired 4,202 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was bought at an average price of $15.95 per share, for a total transaction of $67,021.90. Following the completion of the purchase, the director now directly owns 1,451,269 shares of the company’s stock, valued at approximately $23,147,740.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased 15,509 shares of company stock worth $247,400 over the last 90 days. Corporate insiders own 25.73% of the company’s stock.

PCB Bancorp Trading Up 2.5 %

NASDAQ PCB opened at $16.29 on Thursday. The stock has a market capitalization of $232.34 million, a PE ratio of 7.68 and a beta of 0.63. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14. PCB Bancorp has a 52 week low of $12.86 and a 52 week high of $19.03. The firm has a 50 day moving average of $16.32 and a two-hundred day moving average of $16.34.

PCB Bancorp (NASDAQ:PCB) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.07). PCB Bancorp had a return on equity of 11.25% and a net margin of 18.97%. The company had revenue of $24.43 million for the quarter, compared to analyst estimates of $24.95 million. As a group, research analysts expect that PCB Bancorp will post 1.7 EPS for the current fiscal year.

PCB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 9th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.72 annualized dividend and a yield of 4.42%. PCB Bancorp’s dividend payout ratio is presently 33.96%.

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.