Posted by admin on Jun 10th, 2022 
PCB Bancorp (NASDAQ:PCB – Get Rating) Director Sang Young Lee purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The stock was bought at an average price of $20.05 per share, with a total value of $200,500.00. Following the completion of the purchase, the director now owns 1,263,606 shares of the company’s stock, valued at approximately $25,335,300.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Sang Young Lee also recently made the following trade(s):
Shares of PCB traded down $0.53 during trading hours on Thursday, reaching $19.93. The stock had a trading volume of 77,633 shares, compared to its average volume of 69,045. PCB Bancorp has a 12 month low of $15.04 and a 12 month high of $26.04. The stock has a market capitalization of $297.85 million, a PE ratio of 7.27 and a beta of 0.78. 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 company’s 50-day moving average is $20.76 and its two-hundred day moving average is $22.13.
PCB Bancorp (NASDAQ:PCB – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. The business had revenue of $25.28 million during the quarter, compared to the consensus estimate of $24.65 million. PCB Bancorp had a return on equity of 16.65% and a net margin of 40.19%. Equities analysts anticipate that PCB Bancorp will post 2.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Investors of record on Friday, May 13th were issued a $0.15 dividend. The ex-dividend date was Thursday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 3.01%. PCB Bancorp’s payout ratio is 21.90%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased 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 valued at $43,000 after purchasing an additional 1,331 shares during the period. Lazard Asset Management LLC grew its holdings in PCB Bancorp by 108.1% during the 4th quarter. Lazard Asset Management LLC now owns 2,913 shares of the company’s stock worth $63,000 after acquiring an additional 1,513 shares during the period. Hillsdale Investment Management Inc. grew its holdings in PCB Bancorp by 33.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 3,600 shares of the company’s stock worth $79,000 after acquiring an additional 900 shares during the period. Citigroup Inc. acquired a new stake in PCB Bancorp during the 4th quarter worth about $125,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in PCB Bancorp during the 4th quarter worth about $214,000. Institutional investors and hedge funds own 37.85% of the company’s stock.
Several research firms have weighed in on PCB. Zacks Investment Research upgraded PCB Bancorp from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, June 1st. Raymond James cut PCB Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 6th.
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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