PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee Buys 1,000 Shares

PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee purchased 1,000 shares of the stock in a transaction dated Friday, November 15th. The shares were purchased at an average price of $20.60 per share, with a total value of $20,600.00. Following the completion of the acquisition, the director now owns 1,509,534 shares of the company’s stock, valued at approximately $31,096,400.40. This represents a 0.07 % increase in their ownership of the stock. The purchase was disclosed in a document filed 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 bought at an average price of $20.74 per share, with a total value of $169,528.76.

PCB Bancorp Stock Performance

Shares of PCB Bancorp stock traded up $0.07 during trading hours on Monday, reaching $20.80. The company’s stock had a trading volume of 46,736 shares, compared to its average volume of 23,804. PCB Bancorp has a one year low of $14.50 and a one year high of $21.60. The company’s 50 day simple moving average is $18.91 and its 200 day simple moving average is $17.44. The stock has a market cap of $296.82 million, a P/E ratio of 12.31 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 EPS for the quarter, topping the consensus estimate 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. On average, sell-side analysts predict that PCB Bancorp will post 1.74 earnings per share for the current fiscal year.

PCB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Friday, November 8th. PCB Bancorp’s payout ratio is 42.60%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of PCB Bancorp by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 461,114 shares of the company’s stock valued at $7,506,000 after buying an additional 26,859 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of PCB Bancorp during the third quarter worth $407,000. Barclays PLC raised its holdings in shares of 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 acquiring an additional 10,565 shares in the last quarter. Renaissance Technologies LLC grew its stake 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 purchasing an additional 10,200 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in PCB Bancorp by 51.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 22,391 shares of the company’s stock worth $366,000 after purchasing an additional 7,588 shares during the last quarter. Institutional investors own 33.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PCB. Piper Sandler increased their target price 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 increased their price target on PCB Bancorp from $17.00 to $20.00 and gave the company a “market perform” rating in a report on Monday, July 29th.

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.