Posted by admin on May 27th, 2022 
PCB Bancorp (NASDAQ:PCB – Get Rating) insider Justin Chon sold 3,520 shares of PCB Bancorp stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $20.00, for a total value of $70,400.00. Following the transaction, the insider now owns 3,580 shares of the company’s stock, valued at approximately $71,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of PCB stock traded up $1.50 during trading on Friday, hitting $20.52. The company had a trading volume of 234,799 shares, compared to its average volume of 68,118. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 1.04. The firm has a market capitalization of $306.67 million, a P/E ratio of 7.54 and a beta of 0.77. The stock’s 50-day moving average price is $21.29 and its 200 day moving average price is $22.29. PCB Bancorp has a one year low of $15.04 and a one year high of $26.04.
PCB Bancorp (NASDAQ:PCB – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.08. PCB Bancorp had a return on equity of 16.65% and a net margin of 40.19%. On average, research analysts anticipate that PCB Bancorp will post 2.55 earnings per share 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 issued 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 2.92%. PCB Bancorp’s dividend payout ratio (DPR) is presently 21.90%.
A number of equities research analysts have recently issued reports on PCB shares. Raymond James cut PCB Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 6th. Zacks Investment Research upgraded PCB Bancorp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Wednesday.
Several large investors have recently made changes to their positions in PCB. Royal Bank of Canada increased its holdings in shares of PCB Bancorp by 96.1% during the second quarter. Royal Bank of Canada now owns 2,716 shares of the company’s stock worth $43,000 after buying an additional 1,331 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of PCB Bancorp during the second quarter worth $251,000. American Century Companies Inc. increased its holdings in shares of PCB Bancorp by 16.6% during the third quarter. American Century Companies Inc. now owns 31,512 shares of the company’s stock worth $627,000 after buying an additional 4,482 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of PCB Bancorp by 39.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,695 shares of the company’s stock worth $372,000 after buying an additional 5,308 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of PCB Bancorp by 2.0% during the third quarter. Geode Capital Management LLC now owns 121,183 shares of the company’s stock worth $2,412,000 after buying an additional 2,319 shares in the last quarter. Institutional investors own 37.85% of the company’s stock.
About PCB Bancorp (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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