Insider Buying: PCB Bancorp (NASDAQ:PCB) Director Buys 6,000 Shares of Stock

PCB Bancorp (NASDAQ:PCBGet Rating) Director Sang Young Lee bought 6,000 shares of PCB Bancorp stock in a transaction that occurred on Wednesday, June 1st. The stock was bought at an average cost of $19.68 per share, for a total transaction of $118,080.00. Following the purchase, the director now owns 1,253,606 shares in the company, valued at approximately $24,670,966.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of PCB Bancorp stock traded up $0.42 during trading hours on Thursday, reaching $20.60. 58,970 shares of the company’s stock were exchanged, compared to its average volume of 68,628. PCB Bancorp has a 52-week low of $15.04 and a 52-week high of $26.04. The firm has a market capitalization of $307.87 million, a price-to-earnings ratio of 7.36 and a beta of 0.78. The company has a fifty day moving average of $21.08 and a 200-day moving average of $22.21. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.04.

PCB Bancorp (NASDAQ:PCBGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.08. PCB Bancorp had a return on equity of 16.65% and a net margin of 40.19%. On average, equities research analysts anticipate that PCB Bancorp will post 2.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 20th. Shareholders of record on Friday, May 13th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Thursday, May 12th. PCB Bancorp’s dividend payout ratio is presently 21.90%.

A number of equities research analysts recently issued reports on PCB shares. Raymond James lowered PCB Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 6th. Zacks Investment Research raised PCB Bancorp from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Wednesday.

Several hedge funds have recently added to or reduced their stakes in PCB. Morgan Stanley increased its holdings in shares of PCB Bancorp by 1,074.2% during the 3rd quarter. Morgan Stanley now owns 401,990 shares of the company’s stock worth $8,003,000 after buying an additional 367,755 shares during the last quarter. LSV Asset Management increased its holdings in shares of PCB Bancorp by 59.4% during the 1st quarter. LSV Asset Management now owns 351,411 shares of the company’s stock worth $8,065,000 after buying an additional 130,906 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of PCB Bancorp by 79.8% during the 1st quarter. Wellington Management Group LLP now owns 178,200 shares of the company’s stock worth $4,090,000 after buying an additional 79,100 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of PCB Bancorp by 282.7% during the 3rd quarter. Two Sigma Advisers LP now owns 102,828 shares of the company’s stock worth $2,047,000 after buying an additional 75,956 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of PCB Bancorp by 29.0% during the 1st quarter. Acadian Asset Management LLC now owns 270,796 shares of the company’s stock worth $6,213,000 after buying an additional 60,892 shares during the last quarter. Institutional investors and hedge funds own 37.85% of the company’s stock.

PCB Bancorp Company Profile (Get Rating)

PCB Bancorp operates as the bank holding company for Pacific City 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 remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts.

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Insider Buying and Selling by Quarter for PCB Bancorp (NASDAQ:PCB)

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