PCB Bancorp (NASDAQ:PCB) Director Purchases $169,528.76 in Stock

PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee purchased 8,174 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $20.74 per share, for a total transaction of $169,528.76. Following the transaction, the director now owns 1,517,708 shares of the company’s stock, valued at $31,477,263.92. The trade was a 0.54 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, November 15th, Sang Young Lee acquired 1,000 shares of PCB Bancorp stock. The shares were bought at an average price of $20.60 per share, with a total value of $20,600.00.

PCB Bancorp Stock Performance

NASDAQ PCB opened at $20.73 on Thursday. The firm’s 50 day moving average price is $19.02 and its two-hundred day moving average price is $17.50. PCB Bancorp has a twelve month low of $14.50 and a twelve month high of $21.60. The stock has a market cap of $295.82 million, a price-to-earnings ratio of 12.27 and a beta of 0.67.

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

PCB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 dividend yield of 3.47%. PCB Bancorp’s dividend payout ratio is 42.60%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of PCB Bancorp

Several institutional investors have recently made changes to their positions in PCB. Geode Capital Management LLC grew its stake in PCB Bancorp by 0.7% in the third quarter. Geode Capital Management LLC now owns 255,959 shares of the company’s stock valued at $4,810,000 after purchasing an additional 1,751 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of PCB Bancorp by 6.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 30,841 shares of the company’s stock valued at $580,000 after buying an additional 1,814 shares during the last quarter. Empowered Funds LLC grew its stake in shares of PCB Bancorp by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 52,040 shares of the company’s stock valued at $978,000 after buying an additional 2,546 shares in the last quarter. Vanguard Group Inc. increased its holdings in PCB Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 656,732 shares of the company’s stock worth $10,724,000 after buying an additional 4,152 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in PCB Bancorp by 5.9% during the second quarter. Bank of New York Mellon Corp now owns 75,933 shares of the company’s stock valued at $1,236,000 after acquiring an additional 4,242 shares in the last quarter. 33.04% of the stock is currently owned by institutional investors and hedge funds.

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.