Barclays PLC Grows Position in PCB Bancorp (NASDAQ:PCB)

Barclays PLC grew its position in shares of PCB Bancorp (NASDAQ:PCBFree Report) by 299.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 14,096 shares of the company’s stock after buying an additional 10,565 shares during the period. Barclays PLC’s holdings in PCB Bancorp were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in PCB. Charles Schwab Investment Management Inc. raised its holdings in PCB Bancorp by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 30,841 shares of the company’s stock worth $580,000 after purchasing an additional 1,814 shares during the period. Geode Capital Management LLC raised its stake in shares of PCB Bancorp by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 255,959 shares of the company’s stock worth $4,810,000 after buying an additional 1,751 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of PCB Bancorp during the 3rd quarter valued at approximately $407,000. Empowered Funds LLC lifted its position in shares of PCB Bancorp by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 52,040 shares of the company’s stock valued at $978,000 after buying an additional 2,546 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in PCB Bancorp by 24.2% in the 2nd quarter. Renaissance Technologies LLC now owns 52,401 shares of the company’s stock worth $853,000 after acquiring an additional 10,200 shares in the last quarter. 33.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PCB shares. Piper Sandler increased their price objective on shares of PCB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Keefe, Bruyette & Woods lifted their price objective on PCB Bancorp from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Get Our Latest Research Report on PCB Bancorp

Insiders Place Their Bets

In other news, Director Sang Young Lee purchased 8,174 shares of PCB Bancorp stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $20.74 per share, with a total value of $169,528.76. Following the transaction, the director now owns 1,517,708 shares in the company, valued at $31,477,263.92. This represents a 0.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Don Rhee acquired 7,300 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was acquired at an average price of $21.22 per share, with a total value of $154,906.00. Following the completion of the transaction, the director now directly owns 399,144 shares of the company’s stock, valued at $8,469,835.68. This trade represents a 1.86 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 31,374 shares of company stock valued at $660,622. Insiders own 25.01% of the company’s stock.

PCB Bancorp Stock Down 0.2 %

Shares of PCB opened at $19.47 on Tuesday. PCB Bancorp has a 52-week low of $14.50 and a 52-week high of $22.20. The stock has a market cap of $277.84 million, a PE ratio of 11.52 and a beta of 0.71. The firm’s fifty day moving average is $20.59 and its two-hundred day moving average is $19.08.

PCB Bancorp (NASDAQ:PCBGet Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. The firm had revenue of $48.62 million for the quarter, compared to analyst estimates of $25.50 million. PCB Bancorp had a net margin of 13.27% and a return on equity of 8.68%. As a group, research analysts anticipate that PCB Bancorp will post 1.78 earnings per share for the current year.

PCB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a dividend of $0.18 per share. The ex-dividend date was Friday, November 8th. This represents a $0.72 dividend on an annualized basis and a yield of 3.70%. PCB Bancorp’s payout ratio is 42.60%.

PCB Bancorp Company Profile

(Free Report)

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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Institutional Ownership by Quarter for PCB Bancorp (NASDAQ:PCB)

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