PCB Bancorp (NASDAQ:PCB) Director Sells $461,750.00 in Stock

PCB Bancorp (NASDAQ:PCB) Director Daniel Cho sold 25,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $18.47, for a total transaction of $461,750.00. Following the completion of the transaction, the director now owns 98,000 shares in the company, valued at $1,810,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

PCB Bancorp Stock Performance

Shares of PCB Bancorp stock traded down $0.21 during trading on Friday, reaching $18.21. The company’s stock had a trading volume of 52,431 shares, compared to its average volume of 21,421. The business’s 50-day moving average price is $17.76 and its 200-day moving average price is $16.26. The firm has a market cap of $259.80 million, a PE ratio of 10.53 and a beta of 0.67. PCB Bancorp has a 52 week low of $14.50 and a 52 week high of $20.22. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.

PCB Bancorp (NASDAQ:PCB) last announced its earnings results on Thursday, July 25th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $24.22 million during the quarter, compared to analysts’ expectations of $25.10 million. PCB Bancorp had a net margin of 13.37% and a return on equity of 8.55%. Equities analysts forecast that PCB Bancorp will post 1.66 earnings per share for the current year.

PCB Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.72 annualized dividend and a yield of 3.95%. PCB Bancorp’s dividend payout ratio is 41.14%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their price objective on shares of PCB Bancorp from $17.00 to $20.00 and gave the company a “market perform” rating in a report on Monday, July 29th.

Institutional Investors Weigh In On PCB Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of PCB. New York State Common Retirement Fund raised its stake in PCB Bancorp by 96.7% during the fourth quarter. New York State Common Retirement Fund now owns 4,882 shares of the company’s stock worth $90,000 after acquiring an additional 2,400 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in PCB Bancorp by 51.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 22,391 shares of the company’s stock valued at $366,000 after purchasing an additional 7,588 shares during the period. Empowered Funds LLC increased its position in PCB Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 46,074 shares of the company’s stock valued at $752,000 after purchasing an additional 3,434 shares during the period. Renaissance Technologies LLC increased its position in PCB Bancorp by 24.2% during the 2nd quarter. Renaissance Technologies LLC now owns 52,401 shares of the company’s stock valued at $853,000 after purchasing an additional 10,200 shares during the period. Finally, Bank of New York Mellon Corp increased its position in PCB Bancorp by 5.9% during 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 purchasing an additional 4,242 shares during the period. Institutional investors own 33.04% of the company’s stock.

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.