PCB Bancorp (NASDAQ:PCB – Get Free Report) Director Sang Young Lee bought 3,700 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was acquired at an average cost of $16.01 per share, with a total value of $59,237.00. Following the completion of the purchase, the director now owns 1,421,995 shares of the company’s stock, valued at approximately $22,766,139.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Sang Young Lee also recently made the following trade(s):
- On Tuesday, September 5th, Sang Young Lee acquired 5,953 shares of PCB Bancorp stock. The shares were acquired at an average price of $15.95 per share, for a total transaction of $94,950.35.
- On Wednesday, August 30th, Sang Young Lee bought 3,000 shares of PCB Bancorp stock. The shares were acquired at an average cost of $15.70 per share, with a total value of $47,100.00.
- On Tuesday, August 8th, Sang Young Lee purchased 1,000 shares of PCB Bancorp stock. The stock was purchased at an average cost of $16.10 per share, for a total transaction of $16,100.00.
PCB Bancorp Stock Performance
NASDAQ PCB opened at $16.00 on Friday. PCB Bancorp has a 52 week low of $12.86 and a 52 week high of $20.24. The stock’s 50 day moving average price is $15.93 and its two-hundred day moving average price is $15.24. The stock has a market capitalization of $229.44 million, a price-to-earnings ratio of 7.08 and a beta of 0.67.
PCB Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 11th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, August 10th. This represents a $0.72 annualized dividend and a yield of 4.50%. PCB Bancorp’s payout ratio is presently 31.86%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of PCB. LSV Asset Management raised its stake 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 purchasing an additional 130,906 shares in the last quarter. State Street Corp increased its holdings in PCB Bancorp by 208.4% during the second quarter. State Street Corp now owns 134,742 shares of the company’s stock worth $2,517,000 after buying an additional 91,045 shares during the last quarter. Wellington Management Group LLP raised its position in PCB Bancorp by 79.8% during the first quarter. Wellington Management Group LLP now owns 178,200 shares of the company’s stock worth $4,090,000 after acquiring an additional 79,100 shares in the last quarter. Northern Trust Corp lifted its stake in PCB Bancorp by 324.1% in the second quarter. Northern Trust Corp now owns 97,602 shares of the company’s stock valued at $1,823,000 after acquiring an additional 74,587 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of PCB Bancorp by 26.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 312,260 shares of the company’s stock worth $4,524,000 after purchasing an additional 64,502 shares during the last quarter. 47.09% of the stock is currently owned by institutional investors.
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.
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