Henry Kim Purchases 3,000 Shares of PCB Bancorp (NASDAQ:PCB) Stock

PCB Bancorp (NASDAQ:PCB) CEO Henry Kim purchased 3,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were acquired at an average cost of $21.44 per share, with a total value of $64,320.00. Following the acquisition, the chief executive officer now directly owns 22,785 shares in the company, valued at approximately $488,510.40. The trade was a 15.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

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

PCB Bancorp Stock Performance

NASDAQ:PCB opened at $21.22 on Tuesday. PCB Bancorp has a 52 week low of $14.50 and a 52 week high of $21.60. The firm’s 50-day simple moving average is $19.18 and its 200 day simple moving average is $17.64. The firm has a market cap of $302.81 million, a price-to-earnings ratio of 12.56 and a beta of 0.67.

PCB Bancorp (NASDAQ:PCB) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. The company had revenue of $48.62 million during the quarter, compared to the consensus estimate of $25.50 million. PCB Bancorp had a net margin of 13.27% and a return on equity of 8.68%. Sell-side analysts anticipate that PCB Bancorp will post 1.74 EPS for the current 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 given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Friday, November 8th. PCB Bancorp’s payout ratio is currently 42.60%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Piper Sandler raised their price objective on shares of PCB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods boosted their price target on PCB Bancorp from $17.00 to $20.00 and gave the company a “market perform” rating in a research note on Monday, July 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PCB. Barclays PLC lifted its stake in PCB Bancorp by 299.2% during the third quarter. Barclays PLC now owns 14,096 shares of the company’s stock worth $265,000 after purchasing an additional 10,565 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of PCB Bancorp by 51.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 22,391 shares of the company’s stock worth $366,000 after buying an additional 7,588 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of PCB Bancorp during the 3rd quarter worth $407,000. Charles Schwab Investment Management Inc. boosted its stake in PCB Bancorp by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 30,841 shares of the company’s stock valued at $580,000 after buying an additional 1,814 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in PCB Bancorp by 24.2% in the second quarter. Renaissance Technologies LLC now owns 52,401 shares of the company’s stock valued at $853,000 after acquiring an additional 10,200 shares during the last quarter. Institutional investors and hedge funds own 33.04% of the company’s stock.

About PCB Bancorp

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.