Posted by admin on Jul 5th, 2022 
PCB Bancorp (NASDAQ:PCB – Get Rating) had its price objective cut by Piper Sandler to $21.50 in a report published on Monday, Stock Target Advisor reports.
Separately, Raymond James downgraded PCB Bancorp from an outperform rating to a market perform rating in a report on Wednesday, April 6th.
PCB Bancorp stock opened at $18.68 on Monday. 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 cap of $279.17 million, a P/E ratio of 6.82 and a beta of 0.78. The business’s fifty day moving average is $19.85 and its two-hundred day moving average is $21.76. PCB Bancorp has a 52 week low of $15.73 and a 52 week 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 $0.60 by $0.07. The business had revenue of $25.28 million for the quarter, compared to analyst estimates of $24.65 million. PCB Bancorp had a return on equity of 16.65% and a net margin of 40.19%. On average, equities research analysts predict that PCB Bancorp will post 2.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Shareholders of record on Friday, May 13th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 3.21%. PCB Bancorp’s dividend payout ratio (DPR) is presently 21.90%.
In related news, Director Sang Young Lee acquired 10,000 shares of the firm’s stock in a transaction on Thursday, June 9th. The stock was purchased at an average cost of $20.05 per share, with a total value of $200,500.00. Following the acquisition, the director now owns 1,263,606 shares of the company’s stock, valued at approximately $25,335,300.30. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Justin Chon sold 3,520 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $20.00, for a total value of $70,400.00. Following the completion of the transaction, the insider now owns 3,580 shares in the company, valued at approximately $71,600. The disclosure for this sale can be found here. In the last three months, insiders have purchased 16,091 shares of company stock worth $320,332. 24.05% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in PCB Bancorp by 2.0% in the third quarter. Geode Capital Management LLC now owns 121,183 shares of the company’s stock valued at $2,412,000 after acquiring an additional 2,319 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PCB Bancorp by 12.4% during the third quarter. Dimensional Fund Advisors LP now owns 130,218 shares of the company’s stock valued at $2,593,000 after buying an additional 14,318 shares during the period. Two Sigma Investments LP increased its stake in shares of PCB Bancorp by 120.7% during the third quarter. Two Sigma Investments LP now owns 36,493 shares of the company’s stock valued at $727,000 after buying an additional 19,960 shares during the period. LSV Asset Management boosted its position in shares of PCB Bancorp by 110.4% during the fourth quarter. LSV Asset Management now owns 220,505 shares of the company’s stock valued at $4,842,000 after purchasing an additional 115,705 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in PCB Bancorp in the fourth quarter worth $338,000. Hedge funds and other 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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