PCB Bancorp (NASDAQ:PCB) CEO Purchases $64,320.00 in Stock

PCB Bancorp (NASDAQ:PCB) CEO Henry Kim acquired 3,000 shares of the stock in a transaction dated Monday, November 25th. The shares were bought at an average cost of $21.44 per share, for a total transaction of $64,320.00. Following the acquisition, the chief executive officer now owns 22,785 shares in the company, valued at $488,510.40. The trade was a 15.16 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Henry Kim also recently made the following trade(s):

• On Wednesday, November 6th, Henry Kim acquired 3,700 shares of PCB Bancorp stock. The stock was acquired at an average cost of $20.35 per share, with a total value of $75,295.00.

PCB Bancorp Trading Up 0.6 %

PCB Bancorp stock opened at $21.35 on Wednesday. The firm has a market capitalization of $304.66 million, a P/E ratio of 12.63 and a beta of 0.67. The business has a 50-day moving average of $19.23 and a 200-day moving average of $17.68. PCB Bancorp has a 1 year low of $14.50 and a 1 year high of $21.60.

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

PCB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a $0.18 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.72 dividend on an annualized basis and a yield of 3.37%. PCB Bancorp’s dividend payout ratio (DPR) is currently 42.60%.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their price target on shares of PCB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th.

Hedge Funds Weigh In On PCB Bancorp

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in PCB Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 656,732 shares of the company’s stock valued at $10,724,000 after acquiring an additional 4,152 shares during the last quarter. Dimensional Fund Advisors LP grew its position in PCB Bancorp by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 461,114 shares of the company’s stock worth $7,506,000 after acquiring an additional 26,859 shares during the last quarter. Geode Capital Management LLC increased 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 valued at $4,810,000 after buying an additional 1,751 shares during the period. Bank of New York Mellon Corp raised its stake in shares of 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 during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in PCB Bancorp by 24.2% during the 2nd quarter. Renaissance Technologies LLC now owns 52,401 shares of the company’s stock worth $853,000 after buying an additional 10,200 shares during the period. 33.04% of the stock is owned by institutional investors.

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.