Sang Young Lee Buys 8,200 Shares of PCB Bancorp (NASDAQ:PCB) Stock

PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee acquired 8,200 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was purchased at an average price of $21.46 per share, with a total value of $175,972.00. Following the acquisition, the director now owns 1,526,207 shares of the company’s stock, valued at $32,752,402.22. This represents a 0.54 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Sang Young Lee also recently made the following trade(s):

• On Monday, November 18th, Sang Young Lee bought 8,174 shares of PCB Bancorp stock. The stock was acquired at an average cost of $20.74 per share, for a total transaction of $169,528.76.
• On Friday, November 15th, Sang Young Lee purchased 1,000 shares of PCB Bancorp stock. The shares were acquired at an average cost of $20.60 per share, with a total value of $20,600.00.

PCB Bancorp Trading Up 0.6 %

NASDAQ PCB opened at $21.35 on Wednesday. PCB Bancorp has a 12 month low of $14.50 and a 12 month high of $21.60. The stock’s fifty day moving average price is $19.23 and its 200-day moving average price is $17.68. The stock has a market cap of $304.66 million, a P/E ratio of 12.63 and a beta of 0.67.

PCB Bancorp (NASDAQ:PCB) last released its quarterly earnings data 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. PCB Bancorp had a net margin of 13.27% and a return on equity of 8.68%. The business had revenue of $48.62 million during the quarter, compared to analyst estimates of $25.50 million. As a group, analysts forecast that PCB Bancorp will post 1.74 earnings per share for the current fiscal year.

PCB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.72 annualized dividend and a yield of 3.37%. PCB Bancorp’s dividend payout ratio is 42.60%.

Institutional Trading of PCB Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of PCB. Dimensional Fund Advisors LP lifted its holdings in shares of PCB Bancorp by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 461,114 shares of the company’s stock valued at $7,506,000 after purchasing an additional 26,859 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in PCB Bancorp in the 3rd quarter worth about $407,000. Barclays PLC raised its position in PCB Bancorp by 299.2% in the 3rd quarter. Barclays PLC now owns 14,096 shares of the company’s stock worth $265,000 after buying an additional 10,565 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of PCB Bancorp by 24.2% during the 2nd 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. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of PCB Bancorp by 51.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 22,391 shares of the company’s stock worth $366,000 after acquiring an additional 7,588 shares during the period. Institutional investors own 33.04% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their target price on shares of PCB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, October 28th.

PCB Bancorp Company Profile

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.