PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee Buys 5,000 Shares of Stock

PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee purchased 5,000 shares of the stock in a transaction dated Monday, February 23rd. The shares were purchased at an average price of $22.48 per share, with a total value of $112,400.00. Following the completion of the acquisition, the director owned 1,587,842 shares of the company’s stock, valued at approximately $35,694,688.16. This represents a 0.32% 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.

PCB Bancorp Price Performance

Shares of NASDAQ PCB opened at $22.44 on Wednesday. PCB Bancorp has a 1-year low of $16.00 and a 1-year high of $24.20. The company has a market capitalization of $319.99 million, a price-to-earnings ratio of 8.73 and a beta of 0.58. The business has a 50-day moving average of $22.47 and a 200-day moving average of $21.84.

PCB Bancorp (NASDAQ:PCB) last posted its earnings results on Thursday, January 29th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $29.17 million for the quarter, compared to analysts’ expectations of $29.33 million. PCB Bancorp had a net margin of 17.89% and a return on equity of 12.15%. Research analysts expect that PCB Bancorp will post 2.04 EPS for the current fiscal year.

PCB Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were paid a dividend of $0.22 per share. This is a boost from PCB Bancorp’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Friday, February 13th. PCB Bancorp’s payout ratio is 34.24%.

Institutional Trading of PCB Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted 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 last quarter. Dimensional Fund Advisors LP raised its position in shares of PCB Bancorp by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 589,218 shares of the company’s stock valued at $12,756,000 after acquiring an additional 21,948 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of PCB Bancorp by 4.2% during the 2nd quarter. Acadian Asset Management LLC now owns 282,766 shares of the company’s stock valued at $5,931,000 after acquiring an additional 11,491 shares in the last quarter. Geode Capital Management LLC lifted its stake in PCB Bancorp by 1.4% during the second quarter. Geode Capital Management LLC now owns 267,917 shares of the company’s stock worth $5,622,000 after purchasing an additional 3,577 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in PCB Bancorp by 83.6% in the first quarter. Goldman Sachs Group Inc. now owns 194,598 shares of the company’s stock worth $3,641,000 after purchasing an additional 88,589 shares during the period. Institutional investors and hedge funds own 33.04% of the company’s stock.

Analyst Ratings Changes

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

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.