Posted by admin on Jun 3rd, 2022 
PCB Bancorp (NASDAQ:PCB – Get Rating) Director Sang Young Lee bought 6,000 shares of the stock in a transaction dated Wednesday, June 1st. The shares were acquired at an average price of $19.68 per share, with a total value of $118,080.00. Following the completion of the purchase, the director now directly owns 1,253,606 shares of the company’s stock, valued at $24,670,966.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of PCB stock traded up $0.42 during trading hours on Thursday, hitting $20.60. 58,970 shares of the company were exchanged, compared to its average volume of 68,628. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 1.04. PCB Bancorp has a one year low of $15.04 and a one year high of $26.04. The business’s 50-day simple moving average is $21.08 and its two-hundred day simple moving average is $22.21. The stock has a market capitalization of $307.87 million, a price-to-earnings ratio of 7.36 and a beta of 0.78.
PCB Bancorp (NASDAQ:PCB – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.59 by $0.08. PCB Bancorp had a net margin of 40.19% and a return on equity of 16.65%. As a group, analysts anticipate that PCB Bancorp will post 2.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 20th. Stockholders of record on Friday, May 13th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 2.91%. PCB Bancorp’s payout ratio is 21.90%.
A number of hedge funds and other institutional investors have recently modified their holdings of PCB. Royal Bank of Canada lifted its holdings in PCB Bancorp by 96.1% in the second quarter. Royal Bank of Canada now owns 2,716 shares of the company’s stock worth $43,000 after acquiring an additional 1,331 shares during the last quarter. Citadel Advisors LLC bought a new position in PCB Bancorp in the second quarter worth about $251,000. American Century Companies Inc. lifted its holdings in PCB Bancorp by 16.6% in the third quarter. American Century Companies Inc. now owns 31,512 shares of the company’s stock worth $627,000 after acquiring an additional 4,482 shares during the last quarter. Geode Capital Management LLC lifted its holdings in PCB Bancorp by 2.0% in the third quarter. Geode Capital Management LLC now owns 121,183 shares of the company’s stock worth $2,412,000 after acquiring an additional 2,319 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in PCB Bancorp by 12.4% in the third quarter. Dimensional Fund Advisors LP now owns 130,218 shares of the company’s stock worth $2,593,000 after acquiring an additional 14,318 shares during the last quarter. 37.85% of the stock is currently owned by hedge funds and other institutional investors.
PCB has been the subject of several recent analyst reports. Raymond James downgraded PCB Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 6th. Zacks Investment Research raised shares of PCB Bancorp from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday.
PCB Bancorp Company Profile (Get Rating)
PCB Bancorp operates as the bank holding company for Pacific City 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 remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts.
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