Sang Young Lee Acquires 3,027 Shares of PCB Bancorp (NASDAQ:PCB) Stock

PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee acquired 3,027 shares of PCB Bancorp stock in a transaction dated Friday, February 27th. The shares were acquired at an average price of $22.43 per share, with a total value of $67,895.61. Following the completion of the transaction, the director owned 1,590,869 shares of the company’s stock, valued at approximately $35,683,191.67. This trade represents a 0.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, February 23rd, Sang Young Lee bought 5,000 shares of PCB Bancorp stock. The stock was acquired at an average price of $22.48 per share, for a total transaction of $112,400.00.

PCB Bancorp Stock Up 0.3%

PCB stock traded up $0.06 during trading on Monday, reaching $22.42. 18,322 shares of the company’s stock were exchanged, compared to its average volume of 22,786. PCB Bancorp has a 1-year low of $16.00 and a 1-year high of $24.20. The firm has a market cap of $319.71 million, a PE ratio of 8.72 and a beta of 0.55. The company’s fifty day moving average price is $22.43 and its 200-day moving average price is $21.87.

PCB Bancorp (NASDAQ:PCB) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $29.17 million for the quarter, compared to analyst estimates of $29.33 million. PCB Bancorp had a return on equity of 12.15% and a net margin of 17.89%. As a group, sell-side analysts expect that PCB Bancorp will post 2.04 earnings per share for the current fiscal year.

PCB Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were given a dividend of $0.22 per share. This is a positive change from PCB Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, February 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.9%. PCB Bancorp’s payout ratio is presently 34.24%.

Wall Street Analyst Weigh In

PCB has been the subject of a number of research analyst reports. Wall Street Zen upgraded PCB Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Zacks Research raised PCB Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of PCB Bancorp in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.50.

Hedge Funds Weigh In On PCB Bancorp

A number of institutional investors have recently bought and sold shares of PCB. Vanguard Group Inc. raised its holdings in PCB Bancorp by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 677,922 shares of the company’s stock worth $14,236,000 after buying an additional 6,214 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of PCB Bancorp by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 589,218 shares of the company’s stock worth $12,756,000 after buying an additional 21,948 shares during the period. Acadian Asset Management LLC increased its position in shares of PCB Bancorp by 4.2% in the second quarter. Acadian Asset Management LLC now owns 282,766 shares of the company’s stock worth $5,931,000 after acquiring an additional 11,491 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of PCB Bancorp by 1.4% during the second quarter. Geode Capital Management LLC now owns 267,917 shares of the company’s stock valued at $5,622,000 after acquiring an additional 3,577 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of PCB Bancorp by 83.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 194,598 shares of the company’s stock valued at $3,641,000 after acquiring an additional 88,589 shares in the last quarter. Hedge funds and other institutional investors own 33.04% of the company’s stock.

About PCB Bancorp

PCB Bancorp is the bank holding company for Pacific City Bank, a California-chartered bank founded in 1999 and headquartered in Torrance, California. As the parent of an FDIC-insured institution, PCB Bancorp oversees a community-focused banking franchise that serves both retail customers and commercial enterprises. The company’s strategy emphasizes personalized service and deep market knowledge to meet the evolving needs of individuals, families and businesses in Southern California.

Through its subsidiary Pacific City Bank, PCB Bancorp offers a broad range of financial products and services, including deposit accounts, commercial real estate and construction lending, residential mortgages, trade finance, treasury management and wealth advisory solutions.