PCB Bancorp (NASDAQ:PCB) Trading Down 1%

PCB Bancorp (NASDAQ:PCB) shares traded down 1% on Thursday . The stock traded as low as $18.27 and last traded at $18.42. 27,270 shares traded hands during trading, an increase of 28% from the average session volume of 21,240 shares. The stock had previously closed at $18.60.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price objective 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.

PCB Bancorp Trading Down 1.1 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $259.80 million, a PE ratio of 10.41 and a beta of 0.67. The stock has a 50-day simple moving average of $17.80 and a two-hundred day simple moving average of $16.28.

PCB Bancorp (NASDAQ:PCB) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. PCB Bancorp had a net margin of 13.37% and a return on equity of 8.55%. The firm had revenue of $24.22 million during the quarter, compared to analysts’ expectations of $25.10 million. As a group, sell-side analysts anticipate that PCB Bancorp will post 1.66 EPS 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 issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.95%. The ex-dividend date was Friday, August 9th. PCB Bancorp’s payout ratio is currently 41.14%.

Insider Activity at PCB Bancorp

In other news, Director Daniel Cho sold 25,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $18.47, for a total value of $461,750.00. Following the transaction, the director now owns 98,000 shares in the company, valued at approximately $1,810,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 25.01% of the stock is owned by company insiders.

Institutional Trading of PCB Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in PCB Bancorp by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 461,114 shares of the company’s stock worth $7,506,000 after buying an additional 26,859 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of 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 buying an additional 10,200 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of 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 acquiring an additional 7,588 shares during the period. Bank of New York Mellon Corp increased its holdings 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 worth $1,236,000 after acquiring an additional 4,242 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in PCB Bancorp by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 656,732 shares of the company’s stock worth $10,724,000 after acquiring an additional 4,152 shares in the last quarter. 33.04% of the stock is owned by hedge funds and other institutional investors.

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.